Technical Analysis:
- In 2017, Verge has done a 1600x move. Top at $0.32 per coin and $3.6 billion dollar market cap.
- The likely scenario for XVG is to reach $1.2 which is 3.75x from its ATH, Market Cap 13.5 billion dollar.
- However, Bitcoin has reached 1.618 Fib level and expected other coins to do the same which would make XVG $8.5 and Market Cap of 94.5...
Following the bullish move in the first half of the year, XVG went in a nice consolidation.
Im expecting a breaking of consolidation pattern followed by MACD Weekly turning green (MACD turning green for December time). If the market goes to this plan then i believe we will open the door to 30ct, and more with target at 44ct, 81ct and 3.3$.
Anything at current...
Realistic Potential for XVGUSD
This is a best case scenario for XVG, its been relatively quiet for the last several months. It hasnt made new ATH and who knows if we ever do.
Using this a a guide for the next 11 weeks of the year and end of the potential bull cycle of 2022
A big cup from .30 to .09
On the handle there is a Inverse Head & Shoulders laying above the 200MA
Very Bullish in my opinion!
Not Financial Advice
Good luck Trader's & Hodler's
I have no idea how far Verge could go, the Bitcoin bull needs to remain in-tact at least. If it does remain in-tact, then using previous impulses and corrections could give some indication of where price could go. This isn't a prediction in price, rather an idea to shed some light on its potential using previous cycle times.
- Impulse 1
- Correction of impulse 1...
#XVGUSD
$XVG is trying to complete the cup handle pattern.
it will probably complete the formation of handle.if it happens, the target will be $0.075. and the longer target can be $0.13
Verge - Up Trend. Target Price similar to ATH (All Time High) back in JAN 2018, 0.20💲.
What is Verge (XVG)?
A digital currency designed
for everyday use.
The network provides world class features to ensure our users are able to send and receive digital payments quickly, safely, and securely.
An almost perfect cup with a base of 2000% formed. Rollback from the resistance of the cup (yellow level) by -81%, the price is at the dynamic support of this formation.
If there is a local reversal breakout of the local downtrend (red). Potentially, within the framework of the formation of the 3rd phase of the cup, the "Dragon" formation is being worked out. The...
BINANCE
