Verge / BitcoinLong
Verge (XVG) Is once again, ready for action. TIER: B
Updated
After two successful (AND STILL RUNNING) ideas, that both generated (as of this moment I'm writing this) and still generating great success (81% increase on POWR and 104%+ on ENJ)
I'm here to present a new coin, a new analysis. a new trade for all.
I'll be doing something new from now on, every time I'll post a coin, I'll give it a tier. classifying these coins is based solely on my own opinion. and the idea behind that is to give you a better understanding of risk/reward on a bigger picture.
These tiers will be used:
S - (The best of the best, typically the best for long-term investment) - recommended investment : under 20% of your deposit.
A - (Great Coins, can be used as long-term and medium term, low risk - medium reward) - under 15% of your deposit
B - (Still good coins, maybe undervalued, can be anything from short term to long term, medium risk, high reward) under 10% of your deposit
C - (Decent coins, mostly short and mid-term. can generate a lot of profit, but you'd have to be on your toes at all times and be aware of what's happening in the crypto market, High Risk/High reward) - 5% to 10% of your deposit
D - (Average coins, either it's coins that are bottomed out or coins that don't really have much of a fundamental value, will be mostly short term, can be mid-term as well. These coins will carry the highest risk, they could potentially carry high rewards as well) - MAXIMUM of 5% of your deposit.
So with all of that being said, Let's jump to our coin in question, Verge.
Fundamental :
"XVG is a cryptocurrency that focuses on total anonymity and privacy for its users.
Whereas Bitcoin succeeded in the mission of creating a decentralized crypto-currency, Verge brings it further by making transactions completely anonymous. The currency is virtually untraceable and the users of Verge can make instant anonymous transactions." Source : Medium.com by Sasha Kolupaev
XVG is currently #22 on coinmarketcap with a whooping 2.3B market cap.
Verge will be releasing RSK smart contracts on Q1 of 2018.
A new website is also to be expected on Q1 of 2018.
Technical analysis :
Indicators :
MACD : crossing and going up, bullish.
RSI showing bullish signals.
Currently trading under the 50 MA on the 3h chart
Chart trends :
As you can see, it has formed a bullish flag on a larger scale, around the time BTC started moving upwards, it formed a descending triangle. and now finally, it broke out and is trading above our triangle at the break-out point.
BUY in between 0.00001050 - 0.00001240
Stop loss - -10% of your entry price.
targets:
0.00001395
0.00001531
0.00001727
0.00001969
I wish you the best.
GOOD LUCK!
IF you liked this analysis and looking forward to see more, don't forget to thumbs up, follow and leave a comment telling me what you think and what you want to see next. all feedback is very appreciated.
I'm here to present a new coin, a new analysis. a new trade for all.
I'll be doing something new from now on, every time I'll post a coin, I'll give it a tier. classifying these coins is based solely on my own opinion. and the idea behind that is to give you a better understanding of risk/reward on a bigger picture.
These tiers will be used:
S - (The best of the best, typically the best for long-term investment) - recommended investment : under 20% of your deposit.
A - (Great Coins, can be used as long-term and medium term, low risk - medium reward) - under 15% of your deposit
B - (Still good coins, maybe undervalued, can be anything from short term to long term, medium risk, high reward) under 10% of your deposit
C - (Decent coins, mostly short and mid-term. can generate a lot of profit, but you'd have to be on your toes at all times and be aware of what's happening in the crypto market, High Risk/High reward) - 5% to 10% of your deposit
D - (Average coins, either it's coins that are bottomed out or coins that don't really have much of a fundamental value, will be mostly short term, can be mid-term as well. These coins will carry the highest risk, they could potentially carry high rewards as well) - MAXIMUM of 5% of your deposit.
So with all of that being said, Let's jump to our coin in question, Verge.
Fundamental :
"XVG is a cryptocurrency that focuses on total anonymity and privacy for its users.
Whereas Bitcoin succeeded in the mission of creating a decentralized crypto-currency, Verge brings it further by making transactions completely anonymous. The currency is virtually untraceable and the users of Verge can make instant anonymous transactions." Source : Medium.com by Sasha Kolupaev
XVG is currently #22 on coinmarketcap with a whooping 2.3B market cap.
Verge will be releasing RSK smart contracts on Q1 of 2018.
A new website is also to be expected on Q1 of 2018.
Technical analysis :
Indicators :
MACD : crossing and going up, bullish.
RSI showing bullish signals.
Currently trading under the 50 MA on the 3h chart
Chart trends :
As you can see, it has formed a bullish flag on a larger scale, around the time BTC started moving upwards, it formed a descending triangle. and now finally, it broke out and is trading above our triangle at the break-out point.
BUY in between 0.00001050 - 0.00001240
Stop loss - -10% of your entry price.
targets:
0.00001395
0.00001531
0.00001727
0.00001969
I wish you the best.
GOOD LUCK!
IF you liked this analysis and looking forward to see more, don't forget to thumbs up, follow and leave a comment telling me what you think and what you want to see next. all feedback is very appreciated.
Note
0.00001395 (TARGET REACHED, actual target 1373)0.00001531
0.00001727
0.00001969
Note
This is why I remind you to put on your stop losses, and to always keep trailing your stop losses. BTC surged from the 13k-14k area to 17k. when BTC rises up like that, all alts drop. Always keep an eye on BTC. You have three options :
- Set stop loss , once stop loss is reached, wait for it to go lower and rebuy in again.
- sell at the highest you can, wait for the dip, rebuy.
- HODL.
Note
We're still trending at the previous breakout zone, it's still a good time to buy. XVG held up well in recent days with everything that has been going on with BTC and all the FUD.
Buy and hold.
Trade closed: stop reached
My stop loss has been reached, will re-vist XVG at a later time.Note
Just a little update despite the fact that my stop loss was reached. first 2 targets were reached from breakout point.
0.00001395 (TARGET REACHED, actual target 1373)
0.00001531 (TARGET REACHED)
0.00001727
0.00001969
Disclaimer
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