Crytpocurrency
Consistent Bearish Movement of Verge (XVG) Price
Verge has been picking up ubiquity among individuals and its biological system has likewise demonstrated over 80% expansion. Nearly around 250+ financial specialists are currently tolerating the XVG as a method of settlement. Additionally, the group of the skirt is likewise searching for expanding the undertaking and attempt to include new pursuits with them.
Current Status of Verge: Currently, the money is exchanging at the estimation of $0.004556 and its qualities is expanding by 4.05%. The market capitalization of the Verge is at the estimation of $72,579,219 and the 24-hour volume of the money is $2,023,613. The coursing supply of the Verge is 15,929,083,909 XVG.
News Source: TheCoinRepublic
BITCOIN Breakout Imminent! Hello Traders,
Welcome to an update on BTC recent developments, Inside Bars Broke!
Points to consider,
- Testing support line, potential HL
- Price rejected from .618 Fibonacci zone
- Overall volume spike
- Bart pattern back into support line
- EMA’s acting as resistance to price
- Stochs in lower regions
- RSI is in neutral territory
- Bull impulses are getting smaller
Bitcoin has recently had a dump from a major technical zone, the .618 Fibonacci retracement and structural resistance being in confluence, was too strong for the bulls. Price retraced back to the trend line which is currently holding as valid support.
This trend line is a crucial support base for the bulls as we are coming closer into the formations apex, the HL and LH will have to cross in the near future. We can see a potential bearish divergence forming, but this will be more probable if the RSI retests its upper potential resistance zone (Orange Ellipse).
The Stochastics is in lower regions, telling us that upwards momentum is probable, this will be valid as it will allows the RSI to retest upper resistance, further putting emphasis on the bearish divergence.
The VPVR shows low volume of transactions after local support level, Bears are able to pick up momentum if price was to break support. We must also consider that the EMA’s are currently giving price resistance, an upper edge to the bears…
A Break from the support line will send BTC to test local support levels, (green zones), posting gains of a potential 12.6%. A break bullish can really change the structure of BTC, taking out the previous Lower Highs; will allow posting gains of 16.5%, remember to use stop losses when trading breakouts!
Overall a break either way can tell us which direction BTC is headed on the Macro timeframe, we will either test yearly lows or head up and above all-time highs with in the next couple months…
What are your thoughts? Will BTC break trend line and test lower support levels, or will BTC break through resistance and put in a higher high…
Please leave a like and comment,
And remember
Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment - Joe Vidich
BTC/USD in a tricky spot. However im going into cash!Sold my long when the bottom donchian broke @ 11,440. Currently sitting in cash and waiting for price to show me bullish price action. I will know when there is bullish price action when it breaks the top donchian sometime in the future. Dont fight the tide flow with it. Keep it simple. - Andres
BATUSD formed shark pattern | Upto 33% profit potential tradePriceline of Basic Attention Token / US DOLLAR has formed a bullish shark and entered in potential reversal zone.
RSI is oversold and turning bullish.
Stochastic RSI has given bull cross.
As per Fibonacci sequence the targets are as below:
Buy between: 0.20762 to 0.1915
Sell between: 0.22310 to 0.25651
Regards,
Atif Akbar (moon333)
Bitcoin BTCUSD Still Neutral#Bitcoin got the expected mini-rally up to resistance. Looks OK, but what it does here will be telling. Most likely it will fail and resume down somewhere around here.
Daily technical look OK, but weekly charts still hint at a few more weeks of sideways or down.
I have no positions. Patience.
Bitcoin BTCUSD Still chopping around with a bearish bias.#Bitcoin Still chopping around and grinding lower. I like buying when sentiment is overwhelming one-sided and we're not there yet.
We might get a couple days bounce, but there's too much resistance overhead for me to consider it tradeable.
Timing-wise, still feels like a few more weeks of weakness.
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Ltc follows its brother Bitcoin. Ta found the bottomThus therefore the same must apply with Litecoin, don’t go buying on this noob’s TA; pure hyperbole and fantasy but it does indicate to me that the trend is upwards as LTC shadows bitcoin with a sneaky halving shortly make this an interesting presumption