I see some people who do not turn on the log setting on their trend-based fib extension analyses.
This is with it on.
Is this correct?
I particularly like the .618 is basically hovering around Verge's ATH. I also see interesting fractals (colored ovals).
Comments would be greatly appreciated. Thanks!
VERGE / USD TA
Here we are looking at 12H TA for Verge vs USD which does not look overly bearish or bullish just yet and is showing us that upward momentum is highly possible here if we see continuation on BTC charts to the upside in coming weeks.
Verge holder needs a break about main resistance zone to become a bull, anything under it still shows us that market...
Well, if you believe that that you should probably follow cryptomaniac, heh, but, still i can dream, right, right?
Either way, jokes aside, what i am seeing is a repeat of at least a fractal 1 pattern. So we could surge at least a 100% easy, given to some favorable news, plus some technical favor.
There is however, a massive downside possible, so definitely...
After a fiver wave up (white); there must be a requisite correction; per Elliott Waves which is governed by Fib mathematics. This correction is unavoidable and sure enough, it took price all the way down to $0.002.
However, what comes after a correction? In Verge's case, larger wave (I) completed and if wave (II) is also placed; then (III) is next and it would...
We have touched one established support and the stochastic oscillator is indicating oversold. Looking for other signals as this trade is going.
Stop-loss slightly lower than the second support level.
Verge price has seen many downfalls for a long time, with the most recent 7 days being the most exceedingly awful. XVG was confronting a great deal of variance in its value continually and was, in the long run, heading downwards.
Verge(XVG) is a decentralized open-source digital currency that maintains anonymity in its transactions by clouding the IP address of...
XVG / USD TA
What happened to Verge? Will it ever rise again or did we call it quits on trading it?
From looking at this long term 5D TA we see that we are currently following a massive downward channel which actually produced a bear flag already and we are on the second wave down. Strictly looking at historical movement and this one pattern we are working with,...
Privacy coin Verge “XVG” struggling to make a sharp recovery to overcome the long-continued bearish trend in Verge. In the past 24-hours, the price of the currency falls steadily. The current volume of XVG in the previous 24 hours stands at $ 1,825,430 USD and the current market cap is $62,394,334 USD.
Source: TheCoinRepublic
