High probability of market growth before the end of the yearToday, as the market strengthens, I want to consider the prospects for the new week. This week, the broadcast has worked very technically, according to the planned scenario. The most important is the opening of the second half of the month and quarter above 3000. This, along with the positive opening of the half-year and quarter, gives a signal for continued purchases with a high probability until the end of the year. Due to the positive signals, I expect purchases to continue until the close of this week with an attempt to open a new candle above 3250, which will give the green light to test the key level of 3500 in the coming week. However, I would like to note an extremely negative factor – the market is growing against a rapidly strengthening dollar. In the absence of a dollar reversal on the crypt, there is a high probability of an attempt to align the correlation with the reversal of the current monthly candle into a bearish one. According to the cue ball, this will threaten to retest 75k. Insurance against a reversal of the month may be a local move on a new weekly candle, which will make the rollback false with a quick payback, or exclude it.
Due to the positive picture on the tops today and tomorrow, the probability of a reversal of the weekly candlesticks on the alt is bullish with new local trends. Next week, due to an attempt to move over the tops, the probability of continued growth of buyers for alt is prevailing, however, due to the threat of a reversal of the month, it is worth being on the alert and from the next high on the weekly candle, keep in mind the likelihood of a major pullback on coins. After the consolidation of the tops, the dominance of altcoins began to grow with the aim of reaching above 10%, which will support the alt market in the new week with a flat or pullback on the tops.
I still mainly consider oversold coins for work, because in an overheated market they have a high probability of growth, which we once again saw this week. Vib remains the most interesting so far, with a possible breakdown in the range of 0.15-25. Also, in the average period, gft remains very interesting with a retest potential of 0.025-35 at least. Given the high liquidity, the trend for it can be quite stable.
Vite has already fulfilled its potential this week, as the movement above contradicts the indicators and the formed bearish trend. I think new entries should be considered already in the new weekly candle, if there is no announcement about delisting in the first half or it will not enter there. Unlike vite, oax, although it showed good volatility, but having targets at 0.25-35 and a practically extinguished bearish trend on the indicators, it may try to give a break through the week today or tomorrow. Next, I will also consider it for work in the second half of the new week.
Ast firo and akro may also be interesting for scalping in the new week, with possible growth waves of up to 50%+.
Xvg
Is VERGE (XVG) on the 'verge' of a breakout?VERGE (XVG) is one of only nine ISO 20022 compliant cryptocurrencies and is by far the least well-known of the bunch. VERGE is also currently trading within a nice wedge pattern and seems to be forming what could become an inverted head and shoulders pattern on the 4-hour chart.
This could be a very good sign for VERGE currency!
Good luck, and always use a stop loss!
XVG buy/long setupThe large structure of XVG has been bearish and has been involved in a correction so far. Now we have an iCH and some iBOS on the chart.
We have a support range in which we expect price rejection upwards.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invaliation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Verge — Engines On, Bullish Move About To Happen Verge printed a bullish signal on the daily chart and prepares for some upside momentum.
Here's What Has Happened 👇
XVG printed a bullish MACD crossover on the daily chart. Simplified speaking, this happens when a shorter-term moving average moves above a longer-term average. Practically, it tells you that the token is getting some upward momentum, which likely leads to a further price increase.
Signal Details 🧐
The signal flashed on the daily chart and had extraordinary backtest results. Based on 26 historical signals, XVG gained over 10% after signals flashed in 80% of their occurrence.
Other Technical Indicators 💹
Most momentum indicators are in the neutral zone and support the signal. Many trend indicators have turned bullish or are about to turn bullish. Additionally, the ADX shows a strong trend and should help to realize the signal gains.
What about the chart 📊
XVG's 1D chart perfectly supports the signal. XVG has found strong support at $0.004 and bounced nicely. The signal's profit potential (~10%) aligns with the next resistance at 0.0046. If Verge breaks through this resistance, 0.005 is on the radar.
Trade Setup ✅
Aligning with the automatically calculated 10% potential, I would go for a first take profit at 0.0046. Closing 50% of the trade at this level is reasonable. Additionally, the stop loss should be moved below 0.0046.
XVG / XVGUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
XVG / XVGUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
#XVG/USDT#XVG
The price has been moving in a large descending triangle since September 2022
We are now on the verge of breaking the downtrend.
Hence, moving average 100
Which pushes the price to rise, supported by oversold conditions and upward momentum
The price now is 0.1465.
The first target is 0.3669.
The second goal is 0.6312.
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!
XVGUSDT.1DBased on the provided market data, the XVG is currently trading at 0.0069 USDT. The 4-hour indicators suggest a bullish trend, with the Relative Strength Index (RSI) at 75.33, which is above the typically overbought level of 70. This could indicate that the market is currently overbought, and a price correction might be imminent. The Moving Average Convergence Divergence (MACD) is also positive, suggesting a bullish momentum.
The daily indicators show a similar trend, with an RSI of 91.92, which is significantly overbought, and a positive MACD. The 7-day indicators, however, show a slightly less bullish trend, with an RSI of 76.31 and a smaller MACD.
The current price is below the 4-hour, daily, and 7-day Bollinger Bands upper limit, indicating that the market is not overextended. The fact that the current price is closer to the resistance levels than the support levels suggests a bullish sentiment in the market.
However, it's important to note that the RSI is significantly overbought on both 4-hour and daily timeframes, and near the overbought level on a 7-day timeframe. This could suggest that the market is due for a correction, and the price may fall to closer to the support levels in the near future.
In conclusion, while the market is showing a strong bullish trend, the overbought RSI levels suggest that a price correction may be imminent. It's important to watch the market closely for any signs of a reversal. As always, it's crucial to use this analysis alongside your own research and consider other factors such as news events and market sentiment before making any trading decisions.
XVG ANAALYSIS (12H)XVG seems to have entered a correction from where we wrote "start" on the chart. Now the G wave, which is the last diametric wave, has ended and seems to have entered the bullish wave.
By maintaining the green range, it can move towards the targets.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Verge (XVG)Verge is a project based on the Bitcoin source code that is focused on privacy and stealth transactions. Anyway, XVG has been in a downtrend almost since the beginning. As can be seen, when XVG broke the second downtrend line, a strong upward wave started. Now, Verge is oscillating in a sideways channel. Let's see when XVG breaks this area upward.
buy zone and retire by 2025 I've been following xvg for a long time, March 2020 is close to the support zone. I'm not in a rush to buy. Because even if everything is right, TIME can be a big problem. All shares of xvg are in circulation
XVG ANALYSIS (4H TF)Note: This symbol is risky, it has a small volume and its fluctuations are high, be careful.
This symbol has a bullish price action structure, it can move towards TPs by maintaining the green zone
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Altcoin death scenario for 2024 - XVGUSDHello guys,
is there anything which would make this count invalid?
- I mean, we all know that most alts will die one day tragically, i assume it to be a silent slow death to have as much as possible people suffer from it... ?! Is this a possible scenario?
Thanks for your feedback, have a nice day!
XVG is on the 'Verge' of a very big move!The last time XVG charts looked like this it ran 25X over the next 6 months. Let's also not forget that it's one of only 9 ISO 20022 compliant crypto-currencies out of the entire crypto-sphere!
Don't miss it!
XVG/USDT - Market Alert! 🐻📈 **Recent Highs, Possible Lows**: XVG/USDT is currently at a peak, but signs indicate a potential bearish trend ahead. 📉
💰 **Trade Cautiously**: If you decide to trade, consider using only 3-4% of your funds. Choose between spot or futures based on your preference.
🚀 **Bitxer's Insight**: We're sharing Bitxer's experience with you. Enjoy this free signal, and make informed trading decisions!
Remember to exercise caution and conduct your analysis before trading. Good luck! 📊🧐