As the trading volume did not increase, the probability of this scenario has increased !
Xvg/btc falling wedge Current price : 39 sat Best Buy area : buy the break Sell target 48 55 65 71 ** Strong support 34-37 sat ** Daily close below this area then this idea is invalidated
💎Technical Analysis Summary💎 BINANCE: XVGBTC -Verge is now approaching major support area -This zone was the last area before the massive pump last June -If this area can hold for a few days and form any reversal pattern -XVG could break out the midterm trendline resistance -The upside potential target is up to 50s sat or...
The priceline of Verge coin has broken down the $0.005 support and moving between $0.005 to $0.003. SMAs on weekly chart: On weekly chart the priceline has broken down the 100 and 25 simple moving averages and now likely to break down 50 SMA as well. Bullish BAT move: The price action of XVG coin is completing final leg of bullish BAT pattern on long term...
On long term weekly chart, the priceline of XVG is completing the final leg of bullish BAT, the targets as per Fibonacci BAT sequence are: Potential reversal or buying zone: $0.003321 to $0.002484 (this should be used as stop loss as well otherwise the priceline can move dow to form Crab) Fibonacci projection or sell zone: $0.005317 to $0.008313 Regards, Atif...
The Gartley pattern was properly formed and prepared for a great climb
My idea is best buy opportunity before XVG huge move. If break up from the triangle happens, I think It will be big move .
XVG/BTC -Verge is likely to retest the 200D dynamic support -And the major support area around 50 sat -This is also a confluence of last Fib support level 0.786 -I recommend placing Buy orders only when there are Bullish reactions -Or any potential reversal signs around 50 sat range -This will give extra confirmation that this level is important -The trade idea...
Get ready for XVG. Flipped resistance and is building support. Bullish divergence on the RSI Looks nice.
XVG is ready for another ride! Now in consolidation and at the end of the pennant almost , we can see XVG is now in accumulation and can breakout of the pennant anytime soon ! IF we can breakout, we can expect another Bull run by XVG. The last run was over 100%. We saw the same run by ZILBTC after breakout from the pennant and can expect the same for...
I gave out the buy signal on verge back in late march early april for a long term position at 38 sats. Since then xvg did have a nice surge in price and currently is having a pullback. I will continue to hold the position as the 2 month chart now begins to compress. I might consider to add more if we can hit support.
XVG/BTC -Verge is on a daily downtrend since the top at 104 sat -On the other side, it is forming a Bullish descending channel -Confirmation is the breakout the trendline resistance -The key area to watch is 57 sat as it has been previous resistance before -Which has the high probability to flip new support territory -Upside potential, it might revisit the 90 sat...
XVG bounced off of the bottom fib level and still looks bullish. It still has low volume and the next volume can bring it back up as long as BTC.D stays down and bitcoin doesn't act weirdly. Weekend trading is hard to get used to so I don't look at the charts on weekends but put your SL below that fib level. Have fun and spend time with your loved ones! Please...
Potential reversal or buying zone: $0.0062 to $0.0058 (this should be stop loss as well) Fibonacci projection: $0.0066 to $0.0075 Regrds, Atif Akbar (moon333)