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Vergecurrency

Verge Currency (XVG) Consolidation Nearing Completion!Looking at Some Fundamentals ... XVG is a deflationary proof of work (PoW) cryptocurrency. With a moderate circulating supply (14.5G) and high circulating to maxsupply ratio (14.5G/16.5G = 87.9%), XVG certainly has the potential to achieve values in excess the 10$ range if market cap equivalent to XRP's currennt value (128M$) could be achieved in the future. As a open source project, XVG also offers its investors a degree of transparency and accountability. Summary Technical Analysis The chart above is my own detailed technical analysis of XVG. Data is plotted beginning in the first week of December and continues through the time of this post (Jan 5th 2018). The chart exhibits a beautiful fractal behavior which can be studied to develop strong confidence around XVG when it comes to investment decisions. For ease of analysis, the chart is broken into four regions, the final of which is my own speculation based on my insights into the data. 1) The Nascent Phase This is the beginning phase of XVG before it made its mid December debut. While there is much of interest to look at in this phase, I tend to see the nascent phase as a distinct cycle in cryptocurrency development worthy of independent study. During this phase, a cryptocurrency has little notoriety and it attracts niche investment capital from a few sources. During this phase, the cryptocurrency idea is still being formulated, and it had not yet hit the mainstream. 2) First Impulse Wave During the first impulse wave, XVG demonstrated an explosive performance which solidified its potential to become a very strong cryptocurrency. This phase demonstrates a very clean 1-3-5 Elliot wave behavior with identifiable subwaves within each step. It is interesting to note the fractal consolidation phase which occurs on the 2-3 branch of the first impulse wave and its relationship to the structure of the current consolidation phase. 3) The Consolidation Phase After the initial pump, XVG entered into a long consolidation phase which sparked waves of doubt from many investors. However, Elliot wave analysis reveals that this phase reveals a very clear A-C-E pattern in which the E point lies on the ascending branch. Yesterday was important the XVG consolidation phase as the C-D branch was completed. From an analytical perspective, this solidifies the correction hypothesis for XVG as we now have two points on the ascending and descending nodes. Prior to today, only the A-B and B-C branches were visible which tended suggested a lack of clarity as to the nature of the correction. A Second Impulse Wave? XVG Moving Forward... It is my opinion that XVG will rise quite sharply within the month of January. This rise will take the form of a second 1-3-5 Elliot impulse wave which will look very similar in form to the first impulse wave. This self similar progression seems to be characteristic of cryptocurrencies. During the first impulse wave, we saw the price move from $0.02 to about $0.30. By rule of fractal symmetry, it would not be out of line to look for a similar 10-15x increase from the current value of $0.16 upward to $1.60-2.40 at the maximum of the second impulse wave. Follow my analysis on Steemit @mxcrypt Found this helpful? Feed me some crypto! BTC Wallet - 3PPENyabp2gsEfNahLyhMsgdwtjbodrtFm ETH Wallet - 0x7792cB95e9faa8B4049c88dD0dD567Cb843bc696 LTC Wallet - MXDmNsYKccTxnyXe4vpq3XrbstHsKex9S9
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by hyper_cubist
5
Verge #XVGBTC - trendline battle and growth possibility!TECHNICAL ANALYSIS: The price of Verge's cryptocurrency still remains in the consolidation zone, although it seems that the well for Wave 2 was counted at 0.000090 and now the price is trying to hit the top towards wave (A) highs at 0.00001718. Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRAL (continuation of the correction) Key levels: - for further increases - level 0.00001614 and later 0.00001373 - for continuing correction - level 0.00001228 and later 0.00001371 - for the continuation of decreases - the level is 0.0000090 PS: Be sure to follow me! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 50 likes. :)
Long
by sebastian.seliga.7
25
VERGE - Incoming Reversal? Potential Uptrend.Over the past few weeks, Verge has experienced a tremendous increase in value, as the price moves parabolically. However in the recent days, we've seen reverse in price as the bearish trends begin to settle in, the chart indicates that verge is forming a descending triangle pattern which usually shows a bearish market. Unfortunately, this can signify an upcoming decrease for a further decrease. On the positive note, These trends can sometimes reverse and result in an upside especially if the price break through the resistance that has been formed which is indicated by the orange line. I expect the price to make a short-term reversal which can be about a 20% increase. STOP LOSS (AIM TO PUT THEM AT THE SUPPORT LINES): 0.1325 MACD - Leaves room for upper growth and the lines look to be Crossing soon. RSI - the relative strength index shows a lot of space for upward movement compared to the potential dance. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
Long
by thomasfar6
4
XVG - Is it on the Verge of going up or down?XVG is no doubt the coin of the month. The amount of hype surrounding it with it's Wraith protocol feature caused a huge amount of spike up and also down. This is definitely the coin with the volatility and the volume you'd want to trade with if you like to take risks. Due to the amount of FUD caused recently by YouTube and Twitter celebrities, the price of XVG dropped a substantial amount. Despite the fact that Wraith protocol was delayed, there are still a good amount of buyers out there which makes this coin quite interesting. On the chart above, we can see that the previous resistance of fib level 0.382 (0.00001148 BTC) became our support. If XVG can bounce off of this support, we can expect it to reach fib level 0.5 (0.00001311 BTC). If XVG breaks 0.00001148 BTC support, we are looking for a downward movement all the way down to our next major support, which is fib level 0.236 (0.00000947 BTC) Trade Setup: Stop Loss: 0.00001130 BTC Target 1: 0.00001311 BTC Target 2: 0.00001474 BTC Target 3: 0.00001706 BTC Target 4: 0.00002000 BTC
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by ErnestEA
XVG THE CHANCE TO RISEWe published XVGBTC idea 2 days ago -linked- and we drew a trendline under the price and mentioned its uptrend after the hight which happen yesterday the chart formed a symmetric triangle, its positive pattern and we expect rising on the condition doesn't break it down. In case of XVG rebound from the lower board of the triangle, we expect to reach a target @ 0.00001580 Let's not anticipate the chart and we will talk about the target latter. Thank you ----------------------------------------------- Do not read and leave .... Like, Comment and Follow ,,,, its' so easy :)
Long
by AnaKingKong
2
VERGE - Cup Formation. Short-term Bearish signals.A cup formation is usually a bearish signal, however, we may see some slight selling off before another trend upwards as verge has been parabolic recently so it is not uncommon for a set of. When this is recovered from we can expect to see Verge breakthrough the resistance which is indicated by the orange line which will result in upwards movement two previous lies and maybe even above. it would be a good idea to accumulate on the support the buy zone is indicated by the purple rectangle. MACD- lines look to be crossing over in the short perspective which is bearish. RSI - is slightly overbought which also signals an upcoming sell-off or bearish action. As always trade the lines accordingly.
by thomasfar6
6