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Verge

XVGBTC- A quick lookRecent bearish consolidation after BTC pump & failure to break 10K resistance. There are a few areas to look out for. Bearish sentiment over past few days could indicate drop towards 730 support or further drop towards 650. Increase in lacking volume could signal an upwards breakout to test 800 sats, confirmed channel reversal by 830 resistance test. Breakout beyond 830-840 could lead the way to 930-950. Again, I believe this lies heavily on an increase in volume and BTC trading sideways for a bit. Due to news of Traffic Junkie partnership & halving on the 9th, this could pick up quickly.. Being a novice, I am waiting for a move one way or another to decide my strategy. Also, being a novice, take this all with a grain of salt. Happy Trading. -Shneal
XShort
by Shneal
Verge aprroaching strong Demand zone in Breakout Pattern.Hey, I am back with Another Technical Analysis, this time taking look again at Verge. Last time I gave Free Signal on Verge which has led to 30% breakout , since it was in strong demand zone for a while. Verge - Privacy as a choice. Verge has seen major selloff due to what was considered bad news, partnership with PornHub. But its not that bad when you give it a second look on the whole industry. That was about Verge in short. Taking look at the chart. Verge has seen pretty run up, and now it has drawn Descending Wedge pattern which is a bullish pattern. Currently the Wedge is headed to Strong demand zone ( Support Area) which could lead to breakout. Taking look at the Indicators. MACD giving slight buy signal, but can curve down really easily that could mean better entry. RSI fails to break bullish key level, but impulse from demand zone should break that 52 level easily. Hope I made your view on whats going on with Verge somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
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by TiborVrbovsky
16
XVG Could move soonVerge has been in an extended bullish flag pattern and is nearing the lower support level. This means a move should be coming soon. This would be the fifth leg of an Elliot Wave and should test the resistance levels just under 1000. I don't see it breaking 1000 on this push however. If XVG continues to the lower resistance line it could break lower and test recent lows. I don't think that is likely to happen but that is always a possibility. The current market depends greatly on what BTC does. The volatility of BTC can quickly chance an altcoin chart.
XLong
by jawhite
1
Trading Scenario XVG-USD (31 December 2017 - 4 May 2018)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading XVG-USD from 31 December 2017 to 4 May 2018, on the Daily Chart. In this trading scenario, on 31 December 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment capital. Entry price $0.22 After that, Verge crashed about 92% !!! But, my Trading System is also designed to survive heavy crashes, so no panic! For trading on the Daily Chart, we can use up to 7 times DCA-Buy (Dollar Cost Average). The lower the price, the more we will DCA-Buy. On 4 January 2018 we've got the first DCA-Buy signal from my Trading System. DCA-Buy-1 price $0.16 On 18 January 2018 we've got the second DCA-Buy signal. DCA-Buy-2 price $0.11 On 7 February 2018 we've got the third DCA-Buy signal. DCA-Buy-3 price $0.05 On 19 March 2018 we've got the fourth DCA-Buy signal. DCA-Buy-4 price $0.03 After 4 DCA-Buy's, our Average Price is dropped from $0.22 to $0.07 On 4 May 2018 we've got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $0.08 PROFIT: 22.46% About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital. I wish all of you, the best trades, and very green profits! Peace and Love Global Crypto Trader ----------------------- DISCLAIMER I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
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by Tech-Investor
XVGBTC 6h where are you going Verge?Ok, just a quick one. I am testing some history repeating itself method. Also trying with different trend line ways. I would like to see a tight position of support and resistance creating a jump start for the rocket launch at the yellow triangle. Where and how it will proceed after that? I'll try with a pattern similar to early April hype rise. Well, let's see how it goes. I probably got this all wrong, but I am in for XVG since early Dec, so why not share my idea of how I think it will go the next couple of weeks? What's the worst that can happen if I publish this idea? Most probably get banned from trading view :)
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by raffiwartanian