Hi guys and gals and welcome to the new update on Verge coin. There are only few hours left in Verge block reward halving. As for now, the block reward is 400 coins per block and after this halving event, it will be decreased to 200 coins per block. This means that the supply will be decreased and for example if that demand will remain the same. Then automatically...
We are seeing so many bullish indications in XVG. To start the price is above short-term support line and, broke an important resistance and made a pullback to confirm the support, and now it is doing a high accumulation called the symmetrical triangle
This asset is pretty bullish.
hi guys and gals and welcome to the new update on Verge coin. The XVG coin has a very big event on 13 July and almost two days left in this big event. And that is Verge block reward halving.
The breakout from wedge and SMAs:
On the long term weekly chart the price action of Verg coin was moving in a falling wedge pattern. At the end of May 2020 the price action...
XVG / USD TA
After nearly a 3.8 Million percent gain back in 2017, we have retraced 99.54% thus far and we might not be done just yet as we are currently riding rising channel, which has high chance of breaking towards the downside at least in the short term.
Bullish case scenario would be a break towards the upside but that would require Bitcoin to be bullish...
Verge man, lol, i mean, BREAKOUT, the Fractals, it seemed so perfect, and when it was, it was just beautiful.
Verge guys, u are awesome. Surely a bunch of crazy fun/chill community just like DOGE!
. There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XVGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
three white soldiers add strength to the idea that the bear market has ended and market sentiment has turned positive
pretty strong on the monthly timeframe - the month is not over yet but it looks positive thus far
engulfing the previous months candle body is also bullsih
not trading advice
Verge looking good
We are seeing the price of XVG squeeze around $0.007 +/- a few %. The retracement is been bullish and the price consolidating to this new base price. Expect another move up in the future and look for increasing volume.
Cup and handle formation
Height of the cup added on top of the cup puts us around $0.019 - 0.02
A low of $0.0012 to a high of $0.01
Looking at 100% gains here.
Not Financial Advice!
Good Luck Traders!