Verge (XVG) is ready for action once more. This altcoin does not need any introduction, it started to go up basically before every other coin and it went up massively. After a long retrace, Verge looks ready for some additional action. Let's start by taking a quick look at my daily chart and then getting into the details of this trade right away:
Verge upcoming events (these are factors that can affect a coins price possitively):
- Verge (XVG) - Block Reward Halving (9-May).
- Verge (XVG) - Amsterdam Meetup (9-June).
- Verge (XVG) - Verge Social Network Launch (30-June).
Verge (XVGBTC) Trade Analysis by Alan Masters
TRADE INSTRUCTIONS
Buy in: Up to 0.00000900
Verge (XVG) Targets:
(1) 0.00000949
(2) 0.00001138
(3) 0.00001272
(4) 0.00001352
(5) 0.00001443
(6) 0.00001631
(7) 0.00001748
(8) 0.00001937
Stop loss: 0.00000690
CHARTS, SIGNALS & INDICATORS
I think that Verge is getting ready for another run. On the 4 hours time frame chart we have:
- MACD bullish cross over.
- Trading above downtrend line as well as above the EMA50, 100 and 200 lines.
- RSI going bullish and showing plenty of room left for growth.
- The STOCH indicator is also bullish.
- I don't know what else to say, it looks like it will go on another run soon. Would you say the same?
- Now... Let's trade!
An Old Friendship, A New Day!
Here comes the old, visiting at your home.
It comes with a new story, about how to live the present, about how in his past he did wrong.
The new day shines and says, that's ok, nothing is wrong.
Just keep on focusing on today, the old days are already gone.
The old friendship looks stranged, but the feeling can understand.
He has already gone through everything, he is ready to accept the change.
When the moment of truth comes and the friendship wants to change its name, you just tell him that he is not old...
Because he already took the first step...
He already started to change!
Smile my new friend... This Is A New Day!
Namaste.