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Vergecurrency

XVG Consolidating and Forming a Up TrendThe last drop to 1143 was a strong signal that this correction may be coming to a close. We established a low at 1129 on Binance following about twelve hours later by a higher low at 1143. We now seem to be forming a new wedge that points to another breakout. It's still early and we may bounce at least once more off of the bottom trend line. Once we breakout we're going to see resistance at 1232 1320, and major resistance around 1352. Remember, these are projections based on current chart patterns. ONE investor with a large enough buy or sell can change the pattern.
XLong
by jawhite
6
Verge Upside potentialVerge (XVG/BTC) has made a strong rally in the last few weeks and is now at the resistance level around 0.000013. If price goes down from the resistance level we can expect a reaction from the support level around 0.000010. If price goes down the the aforementioned support it will also break the ascending trendline which could turn out to be a false break since the momentum is bullish. At the moment it's best to wait until price reaches the support level since it can provide very good buying opportunities and it can easily reach at least the resistance level around 0.000013. There is also bearish RSI divergence at the moment, which could mean that the bears are taking control, although it's too early to tell. Good Luck, CryptoTrendline
by CryptoTrendline
1
XVG Correction - Potential ScenarioFor those of you that have been following my posts on Reddit please realize this is a totally different type of TA and is not as predictable as the short term trend analysis I've been posting. I picked several breakouts in a row this week and I don't want anyone thinking that every pick I make is correct. That's certainly not the case. Verge has obviously entered into a correction. The question is how much does it correct. First of all, this correction could end at any time and resume an upward trend. But, if it plays out in typical correction fashion the next level of support will be at 1141. If it breaks through that level the next major support is 1044. I don't think it drops below 1044. If it does then we could see a major correction. This correction could run through Thursday and begin another move up late Thursday into Friday. If I see anything change I'll post an update.
Long
by jawhite
4
For the Reddit vergecurrency CommunityLooking at the chart this morning I don't see a VERY clear short term (4 hours or less) pattern. There is a vague pattern developing that points to a breakout between now and about 8:00 est tonight. BUT, there's also a hint of a consolidation period that could take us back to around 1100. Numbers to watch. To start the next move up we first need to break 1320 on the descending trend line. After that is 1355. If we break 1355 that should start the next leg up. On the down side, 1240 is the break down for the ascending trend line. If we break that then there's a good chance to go to 1150 first and possibly 1100. Hopefully the chart is self explanatory. If you have questions feel free to ask. To save you the trouble, I don't know what it will be trading at on the 17th. I'm looking only at short tern movements.
XLong
by jawhite
8
XVG Update - Retrace coming then further on upVerge has done another momentous run, not to our surprise. Yet everyone is surprised again. It has caught me out a little bit due to it's common itra fifth wave extensions. What's going to happen now? Upper targets are hard to define, but previous resistance and fib levels give us clues. -A retrace to a max low of around 980 -Likely to run the higher targets of as high as 2200. I won't bore you with confluence figures - unless you want to know them in the chat. Thank you & I hope you make some gains trading. If you have found this or any of my charts helpful, my donation jar to buy me a coffee is below. ETH/ERC20 Tip Jar: 0x6951D10fa9b323E6dC970d92c7d8d92231022B0F
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by IdeasTrading1
Xtremely Very Good. XVG is forming a Cup and Handle as a handle for the larger cup which you can trace back from Feb 17. A cup and handle within a cup and handle is a great sign of a full tank rocket. These 2 cup and handles are filled with coffee to the brim! And this coffee is mixed with rocket fuel. MACD is looking good, MA are good, everything looks good. Short term Target is at 1100 sats. If 1100 sats breaks easily, don't sell and wait until Sunerok's partnership announcement. Remember, XVG will stay bullish until partnership announcement. A good partner will keep this bullish.
XLong
by WarrenBuffetUltimate
2
VERGE (XVG) Upddate (Looks like Moon) - 08/04/2018 CryptoShadowVERGE UPDATE - -XVG is bouncing off both the 55EMA and ichimoku cloud support -A bounce here with volume could signal a rally at 11111 at the least (has the F.A behind XVG right now is strong) It is possible that this ABC is part of wave A, but the fomo behind the coin makes this unlikely at present. We bounced off the 38.2 fib ratio perfect. The prime bounce target for a v bullish uptrend. Mid term T1: 1118 Mid Term T2: 1505 Mid Term T3 = Moon Resistance at 1072 (Also the next swing high target) IS XVG SENSITIVE TO BTC'S MOVEMENTS? YES BUT NOT AS MUCH AS OTHER COINS. IF BTC 0.82% IS REKT SUPPORT LEVELS FOR VERGE AT BETWEEN 820 AND 750 so: 820 777
X
by IdeasTrading1
5
VERGE (XVG) NEW CHART PATTERN WOULD 470% - 770% MOON - (L)This is a low risk trade if you use green support line for uptrend as your Safe SL. NOTE - THIS IDEA WILL BE SUSPENDED IF GREEN LINE BREAK - SHOWN ON CHART ABOVE This is just an early idea so do not trade 100% based off it, but keep it in mind. Verge is a phenomenal coin with huge profit potential. It's one of the best anonymous currencies out there with smart contracts releasing later this year which should blow price over top if successful. Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Long
by CryptoManiac101
6