XVG Possible H&S and Bearish MACD Crossover (XVG/BTC)XVG daily chart is forming a H&S pattern. At the same time MACD turning to bearish side. RSI is kinda high for XVG, that means we got plenty of room for bears. So I'm expecting a bearish market, trade safely fellas.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.
Vergebinance
XVG has no choice but to break out from a massive falling wedge.$xvg Verge has been forming a falling wedge since april 2019 and unsuccessfully tried to break out 4 times.
The pressure on the dynamic resistance (green line) is now huge as we are approaching the bottom level around 38 sats.
Verge has to break out no later than September 10th or we will explore new lows around 32 sats.
If xvg breaks out the first target will be the resistance marked by the blue line around 50 sats.
But the most important resistance is marked by the red line and is around 55 sats.
After breaking it, verge will start a new uptrend and potentially a bull run.
TP 1: 50 sats
TP 2: 55 sats massive resistance
Tp 3: 70 sats accumulation zone
Tp 4: 90 sats accumulation zone
Tp 5: 100 sats massive resistance
Tp 6: bull run
$XVG is an UNDERRATED SHIT COIN that WILL COME ALIVE!Verge Currency actually gaining it's massive fanatic supporter from December that this asset swinging upwards really violent that actually made money people rich and the others, FOMOers, stay poor.
RIGHT NOW! we are talking RIGHT NOW!
XVG chart really stable around 200-ish which make sense that holders holding it up and not selling any lower. At the moment is the best for your to actually think that whale might comeback to their favorite money maker and join them all the way to the top and don't forget to sell your bags up there.
My target is within 3-6 months at the current price I will having sell order at:
1. 347 sast for safety
2. 805
3. 963
4. lastly, 1232 sats
Of course it all also depend to altcoin spring that we're all already waiting for in 2018 to happen. So, trade safe!
