Looks like we are finishing up an ABC corrective wave. On lower time frame I count 5 sub waves on leg C of corrective wave RSI is also showing positive divergence vs price.
By current trend we could see at least 2$ per Verge in end of 2019
Long term 2$ goal in middle of 2019 is still on a way
Head and Shoulder failed. Most possibly we will see -30% lose until 4 cent before re-bouncing to 40 cent
From a technical point of view, the price of the VERGE cryptocurrency is in an interesting place on the chart: very close to the target level of 61% Fibo at 0.0514. From there, the price may turn back and, by breaking the downward trend line, return to the upward cycle. Resistance levels on the chart.
I have discussed Verge previously in my postings. I believe it's a great project with a very active and enthusiastic community. It has also made a very large deal for Verge to used as an online payment systems for MindGeek and it's group of companies. Verge was selected over Bitcoin, Ether, and Dash as well as other coins for two reasons. Verge is extremely fast...
My previous published idea: XVGUSD is on the rising black trend line drawn in the log scale and has a great support at 0.053-0.058. XVGUSD has a great chance to surpass the big down trend line.
Trend lines on logarithmic scale chart Inverse Head and Shoulder Two possible right shoulder patterns
XVG Still the best setup or one of the best setups right now be patient
Okay, first, I accidentally deleted the original post and didn't copy the description, so this is the second time writing this. Second, follow me on twitter cause I kill it with the short-term updates on $BTC and other coins (@CryptoEball). Okay, now that the self promo is over... Dear Verge, Verge. Oh Verge. Oh how I love you. Your marketing techniques are...
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Verge is a great crypto but with a bearish market, downward break and upcoming weak support, we may see new lows of 500 - 550. Wait for support break for confirmation but it doesn't look good unless we have a firm bounce. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We...
waiting good profits from verge. 2 weeks hodl. not and invesment advice, please do your own research before invest. All just my opinions.
Expect a decent 5-10 % after a flat 4-8 hours.
XVG HAS THE BEST SETUP RIGHT NOW AND WAS THE FIRST MAJOR HEAVILY TRADED COIN TO BUST
seeing a larger degree wave 3 to begin. higher highs, very bullish on XVGUSD and XVGBTC if this timetable is valid and begins to move in this direction with the price of BTC at a relatively 'stable' price of ~10k we can extrapolate a Satoshi value of ~1250 satoshi as the next target before a pull back and subsequent LEAP to higher highs (relative) and then...
Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading XVG-USD from 31 December 2017 to 4 May 2018, on the Daily Chart. In this trading scenario, on 31 December 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment...