Do not consider any chart as an investment advice!
.Only projections. It does not mean it will happen. I'm just creating a material for purchases in the distant future!
- As the weekly moving averages are getting closer and closer, it looks highly possible that XVGUSD can touch the main trend line once again when the next bull cycle starts.
Fundamentals looking very strong:
- Verge FCAS (Fundamental Crypto Asset Score) is A (789)
- It is one of the 58 coins chosen by Ice Markets (mother company of BAKKT) to be included in...
I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
I would like to hear your thoughts, comments, suggestions, etc.. and...
Altough if for those this scenario could look like fantascientific, here on XVG USD we have one of the most discounted and undervalued crypto offers out of the radar of the mainstream media, which could probably wake up very soon from a long bearish momentum.
Fundamentals still looking great, community very active and loyal, recent github important commits like...
Verge had one of the most insane pumps last season. Just look at the % gain. It pumped so hard that after 98% retrace you are stil up 18000% if you held from the bottom. It pumped 1403000%. From here it has to go more than 2000% to reach ATH but who knows maybe it can go another 6000%. Small investment, buy hold forget about it.
With Verge its good to be in play before a bull run because of the growth trajectory it tends to follow. Now ~80 on Coinmarketcap its worth remembering that it wasn't long ago that this was a top 15 coin trading at 30X 3000% to its current price point. Its traded on the big exchanges and is currently sitting on its Point of Control POC: price point with the...
Verge / USD Short-term price analysis
Verge has a bearish short-term trading bias, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the head and shoulders pattern has now reached its full downside projection. Now that the downside target has been achieved, the XVG / USD pair...
The price action is completing the shark pattern and soon it will be entered in PRZ area after completed the C to D leg.
The RSI on week chart is already oversold.
Volume profile showing no interest of traders at this area.
Soon the price line will take bullish divergence from potential reversal zone to hit the sell targets inha Allah.
The targets are:
Buy...
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