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Vergecurrency

XVG still correcting- On monthly time frame the RSI is above its SMA. A slightly bullish scenario. - This could lead us to the upper trendline, so something like ~0.02 - If we see some more momentum building up, for example a bullish diVERGEnce on the RSI, it could continue breaking the upper trendline with a body (not just a wick) (and holding it as support with the following candle(s)). - If momentum is weak or we are simply too early, we could just finalize the ABCDE pattern and visit the lower trendline. ~0.0012 would still be in valid ranges. - If we continue with the pattern, then at some point 2026 - 2029 a breakout to the top would be the most likely outcome according to general technical analytic rules. - If it fails to break out or does even fail to develop a trading channel above key support levels, then everything to the downside is possible. ___ The red dashed lines mark gaps. (Yes, (CME) gaps are also applicable to many other assets...) We have a few gaps below current price, there is a tiny one close to ATH as well. On the 6M time frame is a gap in the making (could confirm tonight) at ~0.0024 which gives us a hint that there is a somewhat higher likelihood to re-visit those levels and close the gap anywhere in the future. (Could be in years, in days, or never...) ___ Non of the above is a trading advice, all of the above might be completely wrong. Nothing is guaranteed. I am not a professional. Use this information for your own research. Do not invest anything which you cannot afford to lose. Have a great day!
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by TobiasSombrowski
2
Verge (XVG) trade set up.Here's my XVG trade set up through January 1st 2024. Verge is one of the nine current cryptos that are ISO 20022 compliant and at the moment is the lowest priced of the nine. I think we are going to see a big move in cryptos moving into the new year, and most people think it will be bearish which automatically makes me think that the exact opposite will actually occur. Once the move gets going those who have missed out on the other 8 coins will FOMO and drive the price of XVG up very quickly.
XLong
by MetaShackle
$XVGBTC on the "verge" of a breakout?This is my view: Bitcoin has been running sideways for a long time and I think people are getting tired Alts are currently retesting support on the multi-year macro trend line. And now, with respect to BITFINEX:XVGBTC , it looks like the end of the downtrend is nigh. BTC dominance looks like it's about to keel over. BTC arguably will not hit an all-time high this year, and when it does next year, it's an ABC correction to the pits of hell. Alts look primed. What do you all think?
Long
by CryptoKaku
3
~$0.02 per XVG by the end of Aug 2024. Is it possible?Hello Traders, As you know, XVG, aka verge currency, had a fantastic bull run in 2017. We might never see such a bull run again on XVG, but it may experience another bull run on a medium scale until next year. You may think $0.02 per xvg is not possible, but I tell you, anything is possible in the crypto world. Let's revisit this idea next year and see what happens until then:) Please hit the boost and follow button to support me. Thanks
XLong
by ir0nhand