Happy Icy Texas Friday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto...
Monthly Cup and Handle on the XVG/USD pair still stands.
Monthly Inverse Head and Shoulders forming on the XVG/BTC pair still stands.
Bullishhhhhhhhhhhhhhhhhhhhhhhhhhhh
Not Financial Advice
Good luck Traders and Hodlers
Chart linked had it on the Weekly's. Figure I would make monthly ones to better show you the intensity of these bullish patterns.
...
XVG still bearish and will pump again if 0.01 will hold the price and resist it to close below, so we will start a new impulse with a new elliot wave
hope everything move as my prediction
Based on historical mining figures over the last year, approximately 36.75 million coins are added to the circulating supply every month.
The thing is, there are only 15,484,213 left! ->
View the countdown on the verge explorer for yourself! vergecurrency.network
The current circulating supply is 16,484,515,787,...
VERGE / USD TA
Verge has moved into what can only be described as a massive accumulation phase which may be indicative of a massive pump we're about to see here. $0.021-$0.023 should not fail as support, and should be used as a launchpad for a move higher towards 5 cent region. If that region fails and we see a drop below, $0.018 comes to mind as the next and...
Cup and handle pattern so it actually is bullish.
PT $1.10 but it's based on absolutely nothing other than hopes and dreams.
Absolutely not financial advice.
Cup & handle on the #XVGUSD pair.
And it looks like a inverse head & shoulders forming on the #XVGBTC pair.
Both on the weekly.
Very bullish
Not Financial Advice
This is a TA experiment. I would like to see what the chartists out there figure what comes next for Verge Currency and Bitcoin.
I gave you a head start.
On your marks,
Get set...
GO!!!
In case you were not here in 2017, and are unaware of what XVG was, allow me to recap it for you:
XVG is a blockchain focused on efficiency, but mainly privacy. During the 2017 bull run, specifically the parabolic phase, there was a narrative on hyping privacy coins. Especially because John McAffee, the founder of the anti-virus McAffee was preaching privacy and...
This currency will grow to the depth of the cup after completing the pattern of the cup and the handle. Considering the growth of the two currencies, dogecoin and shiba inu , the growth of this currency is not so far from expectation.
Currently in a rising wedge which is usually bearish. We did just break down out of the wedge, but we could break back in.
Price target if we break up is $0.07 and if we break down is $0.009
This is a large wedge with it ending around August 2022. A lot of things can happen between now and then so we will just have to see how it plays out.
Not financial...
Need to break $0.034 to escape the wedge and move up. A lot of resistance around $0.033 cents.
Need to see Yellow, Blue, Purple pattern on MA.
Let's watch and see!
BINANCE
