$XVG Cup And Handle FormingHey Fellas Crypto God here, JK, hope you all are trading well. Here is my review on Xvg/Btc, Daily.
We are seeing here a Cup And Handle formation, I will spread my sell's from Tg1 to Tg2. Keep in mind that this is mid-long term trade, so there will be more trading opportunities until we hit target 1&2. Do not trade this formation until we break 1229sat resistance!
Wish you all good trading, do your own research before making any calls.
Verge
XVG/BTCOk, guys, this is the riskiest trade I will ever show you. No balls - no enter.
BUY NOW. Close target - 1001 , far target - 1199. Bought myself at 803.
Price Oscillations Around 776 & 782, eyeing Breakout above 790For the past two days the price has been oscillating around the 776 sat mark and in the past day around the 782 mark. The price is narrowing in on an apex and breakout point. A break above 790 would break the trend resistance from the post-announcement dump's next high until now. A breakout would give us the momentum needed to continue on upwards to test the 880 0.50 fib level from Mid-March's low to pre-announcement high.
XVGUSD Possible bullish movement 4HR
After cooperation with the platform Pornhub seems like
verge making good bullish movements
depending on the breakout of the pennant
The MA's looking good for a crossover that signals us to a possible new trend
target is the weekly resistance at 0.09$
Breakout Regions & Critical Support Regions IdentifiedVerge breakout past 820 was rejected by trend resistance. Further attempts at the trend line will be needed. Primary and Secondary regions give Verge this chance. Critical support levels need to be adhered to. Failure to hold critical support could take us on a journey down tot he 0.236 fib level in the 500s. Breakout from trend resistance will put us on the path towards the 0.5 fib level around 880.
xvgusd Verge long at 0.071Verge is coming out of a rounded bottom .
The retracement after news has been steep but for the last few days this uptrending slope has held
Stop 0.069
Profit target can be at the top of the slope or edge of the ellipse. I will look for a target with an Andrews pitchfork . See below
I would expect a bounce at 0.100
750 Fib support tested and holding, Next Fib target 880XVG held against the 0.382 Fib level and can move upwards to test the 0.5 Fib level at 880 in the near term.
Support found at 750XVG has been forming support between the 750 and 800 range for the past 24 hours and is looking to break back into the 800s.
Bitcoin - The Path To $11,600 Altcoins For The Ride
Current Analysis
This chart is to show first of all the path to our current price at $8950. From here, to have a healthy run up, I feel we need a pullback to at least #4 of the current Elliot wave I've drawn. That price is about $8370. Then BTC can begin a new leg up to the area of $9785.
Trade Planning
So I plan to enter a trade in the area of $8400 and hope to exit with profits in the area of $9700. This is based on analysis of Fibonacci levels, Elliot waves, and past support\resistance levels.
The Path to $11,600
What follows is speculation and not prophecy, Drawing out a plan for the future even if only speculative, provides a framework for planning future trades. After reaching $9785 or that area it would be normal to have a corrective wave like that drawn, followed by another impulse wave upward.
Again these price levels are a combination of Elliot wave speculation, actual price history and Fibonacci levels. By the combination of these tools I see what seems to be a reasonable path to $11,600 in early June.
Altcoin Trading and Investments
There is much you can infer about the price action of the Altcoins from the price movement of Bitcoin. History shows even greater gains can be had in altcoins during a run up that in Bitcoin alone. I have a series of charts on various Altcoins that I favor, In general I only write about Altcoins that I hold in my long term hold portfolio, IE: the 80 to 90% of my portfolio that I do not trade but hold as investments.
XVG still in correction channelVerge has been following the natural correction channel despite the unusual peak up an down due to the Mindgeek announcement (in green)
It will probably correct further till the 0.6 range (around the golden ratio) after that we will have to see if the announcement has had a negative impact on XVG hodlers or if everyone was talking fud.
If a new wave structure starts to form I would suggest stacking up some extra Verge due to the big marketing campaign behind the new Verge partnership.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
Verge testing important supportLooking at the 1 hr, XVG is about to reach its former breaking point. If it breaks around 740 and continues to fall, I would take out money. If it finds support around this level and/or continues with the trend, it's possible it has hit a higher bottom average for the time being, but it could continue to fall. Trade safely!
The "Pro" title in my name means nothing. DYOR.
vergeThese are the moves I see verge making. Join my group to get all the details as to why and exact entry points
XVG/BTC... 4hr Binance BullFellow traders and followers, I had to preface this to say that I will not be able to devote as much time to assisting and working with our fellow traders as frequently. Yes, I did and will ALWAYS say that I am a technical trader and ultra long term Crypto Bull--on a few particular coins ;-). However, longmoney has taken a lot of profits during this correction. And I have some needed upgrades to attend to in order to accommodate my trading setup.
But longmoney isn't leaving Tradingview. I give back because the more money I make, the more money we all make. I will be upgrading my Account Subscription plan to accommodate more time to my new trading setup and long term trading goals and needs. Once that is complete, I will be able to add other website and contact information a la carte.
TA:
Low risk/Ultra High Reward. Do I really need to put the risk/reward chart? You're attempt is to TA and delete and only leave remaining what is necessary. It helps others see how you lay the roadmap.
--longmoney
XVG over 40 RSI all set for breakoutThe next 24hrs should see some good positive growth for Verge
- The RSI is now over 40
- The trading volume is up
- MACD is about to cross over
I don't think we will go past the 1100 but I would watch the RSI as an indicator
I will probably sell 20% at 1000, then 70% at 1100 and the rest at 1200 if it makes it, (otherwise have a stop loss at 1100).
I would keep raising my stop loss to be 10% below the current price for the next 24hrs as well.
XVG bounce back short termOversold. We broke the downward channel. Now looking to break out of the bullflag to shoot up to around 1025-1100 (length of pole). Back to resistence around 940-970, thereafter last time shooting up before longer consolidation period (which might end sooner because of news about listings etc.)
VERGE: CRYPTO BOTTOM SIGNAL = 15.12% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 19th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net an AMAZING 15.12% PROFIT!!!
Investors have seemed to News of Verge's partnerships with adult entertainment companies (Pornhub and Brazzer's) seems to have initially caused the price to drop (after a substantial period of hype) but buyers are not returning in full force.
Other positive developments include:
1. Binance Plans To Add USD To Its Verge (XVG) Trading Pairs
2. Pornhub has received "thousands" of Verge payments over the past 3 days (with the anonymity of the currency allowing users to make private payments)
