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Verge

Verge (XVG) Going At It Again or ABC Correction?We are bullish long-term on Verge (XVGBTC) and all other altcoins pairs/cryptocurrency projects... But, what is happening now with this XVG chart? We are seeing many altcoins that just continue to go, they are growing and continue to grow, so we can expect the same here right? Maybe. It is possible we are witnessing the classic ABC Correction from EW Theory. The dashed blue line on the chart is the support. Below this line, we are likely to see XVGBTC complete the ABC wave and hit lower. But if somehow XVGBTC manages to stay up, we can expect more bullish action and additional growth. This is a very simple spot for us, since we buy at the bottom, right now we only wait patiently and continue selling on the way up. See it below Thanks a lot for your support. Namaste.
X
by AlanSantana
11
[$XVG] Triangle Breakout for the VergeFR/EN FR Verge a connu une croissance historique en 2017 et a lentement décroit pour rentrer dans une zone d'accumulation depuis Aout 2019. Depuis plus de 10 mois , Verge est dans cette zone de d'accumulation avec la création d'un triangle de congestion et nous avons cassé ce triangle + retest et cela, depuis quelques jours. Interessant de voir les jours à venir pour un retest de Kijun Weekly voir la SSB du Kumo Weekly Trade Safe , Stay Safe ! PEACE ! --- EN Verge experienced historic growth in 2017 and has been slowly declining into an accumulation zone since August 2019. For more than 10 months, Verge has been in this accumulation zone with a triangle of congestion and we have broken this triangle + retest , since a few days. Interesting to see the coming days for a retest of Kijun Weekly or even of the SSB of Kumo Weekly. Trade Safe, Stay Safe ! PEACE !
Long
by NicoDCrypto
XNGUSD can make another attempt to breakout the cloudHi guys and gals and welcome to the new update on Verge coin. There are only few hours left in Verge block reward halving. As for now, the block reward is 400 coins per block and after this halving event, it will be decreased to 200 coins per block. This means that the supply will be decreased and for example if that demand will remain the same. Then automatically the balance will be changed and demand will be increased. And as a supply and demand rule of trading the price can be increased. Struggling to breakout the 100 SMA on long term chart: Now if we watch on the weekly chart then after breaking out from the falling wedge pattern. The price action is still struggling to break out the 100 simple moving average. The SMAs on daily chart and expected golden cross: On the daily chart the price action is above all simple moving averages. The 25 simple moving average is moving up to provide the support to the price action. And the most important thing on this chart is that 50 simple moving average is likely to form the golden cross with 200 simple moving average. Once it will be formed then it will become a very strong support for the priceline and a strong bullish signal as well. On The 2 day chart the different support and resistance levels can be seen very clearly. At this time the price action is likely to move down after being rejected from $0.0075 resistance. The XVG has the recent support at the $0.006 and if it will be broken down then it has next support at $0.005. If the price action will break out the $0.0075 resistance then the next resistance will be at $0.0085 and after that we have the big resistance at one cent. The ichimoku cloud on long-term is still bullish: Now I would like to draw attention towards a very powerful bullish gesture by the priceline of Verge currency on the weekly chart. And that is the Ichimoku cloud has turned bullish and the price action is entered in the cloud. At this time XVG is having support of the conversion line and baseline as well. The lagging span has already crossed up the price action and the conversion and base lines as well. Therefore we can expect that after this correction move the price action can start another upward rally to make another attempt for the breakout. Once the cloud will be broken out then it will become a very powerful support for the priceline of XVG coin that will be helpful for the long term bullish rally. Conclusion: On the short-term and midterm the price action of XVG might move more down to re-test the previous support level or at least the 25 simple moving average on the daily chart. However, after the correction rally it can start another strong bullish rally to break out the bearish ichimoku cloud soon.
BITFINEX:XVGUSD
by moon333
Verge coin (XVG) Breaking Out The Bearish Cloud Before Halvinghi guys and gals and welcome to the new update on Verge coin. The XVG coin has a very big event on 13 July and almost two days left in this big event. And that is Verge block reward halving. The breakout from wedge and SMAs: On the long term weekly chart the price action of Verg coin was moving in a falling wedge pattern. At the end of May 2020 the price action has broken out the resistance of this wedge. This is the same week when the announcement of Verge block reward halving was added on different famous sites. It can be also observed that after this bullish rally the price action broke out the 25 and 50 simple moving averages. And at this time it is likely to breakout the 100 simple moving average resistance as well. If the 100 SMA will be completely broken out then it will be a really very powerful bullish signal. Because the price action will have the 100 simple moving average support on the weekly chart. A formation of a golden cross: Now if we switch to the 2 day chart then the price action has also broken out 25, 50, 100 and 200 simple moving averages. At this time the 50 simple moving average is likely to form a golden cross with 200 simple moving average on 2-day chart very soon. Once this golden cross will be formed then it will be a really very powerful bullish signal. Because it considered as a strong buying signal among the trader’s community. Different support and resistance levels: The price action of Verge coin is just rejected from the $0.0075 resistance and likely to move down and retest the previous support at $0.006. If this support will be broken down then we have the next support at $0.005 and if the price action will be able to breakout $0.0075 resistance then we have the next resistance level at $0.0085. And after that the next resistance would be at $0.01. The price action is likely to breakout ichimoku bearish cloud soon: Now I would like to draw your attention towards a very powerful move by the price action of XVG coin. If we place the ichimoku cloud on long-term weekly chart. Then it can be noticed that the price action was moving below the bearish cloud for the long time. But finally the price action has entered in the cloud and has attempted for the breakout. The lagging span of ichimoku cloud has crossed up the candlesticks and the conversion line has formed bull cross with baseline just below the candlesticks. At this time the price action is moving between the resistance of the bearish cloud and the conversion line. And XVG has a big event of halving on 13th July. Therefore we can expect that the price action might make another attempt for the breakout before or after this event. Conclusion: At this time the price action has a very strong support of different simple moving averages and $0.006 level. And halving event in itself is another big support. Therefore we can expect that the price action of Verge coin may break out the bearish cloud very soon. And once this ichimoku cloud will be broken out then it can work a very strong and long term support for the price action as it has been working as a strong resistance for long time period.
BITFINEX:XVGUSDLong
by moon333
XVGBTC completed bullish setup for upto 4470% big moveHi friends is hope you are doing well and welcome to the new update on Verge coin. The XVG coin has surged more than 500% with US dollar pair and 205% with Bitcoin pair. In my previous post I posted analysis with US Dollar pair if you missed that then here is the link for that post: In today's post, we will watch the movement of XVG coin with Bitcoin pair. The formation of Shark and powerful bullish divergence: On daily chart the price action of XVG formed a bullish shark from October 2019 to the end of January 2020. And after entering in the potential reversal zone the price action moved up and after a small bullish rally dropped down again in the potential reversal zone then took another powerful bullish divergence and produced more than 205% bullish rally. Different indicators and oscillators and turning bullish: If we watch the different indicators and oscillators on the daily chart. Then stochastic oscillator has given bull cross from the oversold zone, the MACD is also turning bullish and if we watch the directional movement indicator then positive directional indicator is already above the negative direction indicator. And the ADX is up with the value of 45 that is showing the power of bulls. Therefore we can expect another upward move from here. The simple moving averages and another bullish spike: If we watch the different simple moving averages on the daily chart with the time period of 25 50 100 and 200 then it can be clearly observed that since the price action has crossed up all these moving averages after that for the first time the priceline is retesting the 25 simple moving average as support. And after moving sideways on this 25 SMA finally the price action has spiked more than 15% in a single day. And the more important indication on this chart is that we have the smallest time period moving average above all other simple moving averages and the biggest time period moving average with time period of 200 below all the other moving averages. Therefore a complete open alligator mouth is formed by the simple moving averages that can be a really big bullish signal. A big harmonic Shark move: Now I would like to share a very important harmonic move by the price action of verge coin on the long-term monthly chart. And that move is the formation of bearish Shark pattern. I also shared this move of XVG coin last year in July 2019. And at that time I found that the price action has found a final support at 0.00000048 sats. Therefore it would be difficult for the priceline to break down this level. Since then the priceline is moving above this level in the potential reversal zone of bearish Shark. And at any time it can start the formation of final leg. And the completion of this leg can lead the price action to produce up to 4400% big profit move. However I have defined two type of targets 1st one are the secure sell targets and other one are the aggressive sell target up to the completion of shark’s leg. And these targets are as below: Buy between: 0.00000208 to 0.00000048 sats Secure sell targets: 0.00000671 to 0.00001331 sats Aggresive sell targets (Upto the completion of Shark's leg): 0.00001793 to 0.00002194 sats Conclusion: If we take a look at the history of the price action of XVG coin. Then it can be seen that whenever the BTC turns bullish the Verge coin turns more bullish than Bitcoin. The obvious example can be seen in 2017. Therefore when the Bitcoin will start the next big move the XVG has potential to produce more powerful move than Bitcoin. Therefore we can expect a big move by the Verge coin to hit the sell targets as per above pattern before the Bitcoin achieves any big price level.
Long
by moon333
3
XVG entry opportunityPlease feel free to comment or challenge me on my TA. If you like my idea, please leave a like to show support. -------------------------------------------------------------------- XVG or Verge has - like many others - been through a several month period of consolidation. The yellow box goes all the way back to the beginning of Juli 2019. So that's almost twelve months of rangebound "action". This meant that XVG was overdue for a breakout. It wasn't as fierce as the one we saw on Zilliqa or Cardano. But fortunately this puts Verge on my "to watch"-list. - Breakout of 45% - Descending wedge/channel = bullish - Found resistance at the weekly level (101 sats) - Had a healthy retracement - Volume is declining I'll be looking for a further continuation down towards the weekly support level around 66 sats, which is also the top of the range Verge broke out of. Targets: - 77 sats (16%) highly probable - 82 sats (23%) highly probable - 101 sats (52%) ambitious *No financial advice, just my own perception
XLong
by Coinathlon
1