$XVG - Verge - Shitcoins Pump the Hardest!Over a year's worth of price action coming to a crunch. I'm expecting a break out, especially with the recent Verge partnership with Manny Pacquiao's foundation.
My private custom indicator has given the green light for a spot entry. How will this play out? I'm in from 36-37 and have been waiting for this. We're getting close to price crunch.
Eyes on $XVG!!
My private custom indicator has given a double green entry here on both accumulation and momentum on the 4hr also.
Fibs would make ideal targets initially. I'm expecting a possible 40-100%++ move out of this.|
**TRADE AT YOUR OWN RISK**
Xvgbreakout
XVG hitting support not broken since 2017|Upto 4470% profitThe XVGBTC is moving within a descending triangle since july 2017.
The support of this triangle is at 0.00000048 sats which is very firm and cannot be broken sofar.
The RSI upto week chart is already oversold and the 2 week chart's RSI is almost near at oversold.
In the meanwhile the price action is also forming a bearish shark which can lead to huge profit possibility insha Allah.
However I would suggest to buy after atleast the MACD on week chart gives a weak bullish signal.
As per fibonacci I have defined some secure targets and also aggressive targets upto the completion of shark's leg.
The targets are:
Buy between: 0.00000208 to 0.00000048
Secure sell targets: 0.00000671 to 0.00001331
Aggresive sell targets (Upto the completion of Shark's leg): 0.00001793 to 0.00002194
Regards,
Atif Akbar (Moon333)
XVG LONG- Entry : 137
- Target : 900 (+556.93%)
- Stop loss : 76 (-44.53%)
- Risk/reward ratio : 12.51
XVG Cautionafter the recent announcement XVG has been trying to hold the 900-1000 mark however it appears to be losing this battle. we have what appears to be a descending triangle patter on the 15 chart. If we follow this pattern we should see a break in the bottom trend line (shown in blue). Using the red line as our marker that should place that break down at around 194 points (give or take). USE CAUTION with any upcoming trades here as there is no guarantee what way this coin will turn
XVG will stay Bullish till April 17thThe candles are really attracted to the ichi clouds and is not falling too much behind it (which means price is in consolidation or not much volatility)
HOWEVER, On the 5 min chart, Fib Extension is telling me that we're going to see a new ATH soon.
Also keep in mind that the partnership announcement is still taking place on the 17th of April, so we still have room to grow on this coin.
We are hitting 1500 sats in the next couple of days easy..In my opinion
**Always do your own research and don't depend on me.
Happy trading,
On the VERGE of breakout!!Verge has had some great double digit the past couple of days but I don't think we're quite done yet.
I believe our overall downtrend has started to break upwards and if we're able to break resistance at 820 satoshis and again at 1000 satoshis we surely will see some significant liftoff!
UPWARD MOMENTUM INDICATIONS
Volume is slowly but surely starting to flow back into this little privacy coin
Recent MACD crossover and lines are starting to separate
RSI says we aren't oversold yet!
VERGE POTENTIAL TARGETS
1400
2060
2500
Signs are looking good for XVG but I do believe a lot of this trade is going to come down to weather or not Bitcoin is going to play nicely.
Sideways or upward movement from Bitcoin is ideal for this trade; I can't picture Verge having a massive breakout while Bitcoin is going down but hey that's just me. Lastly, not sure if this matters/ makes a difference or not but this breakout is starting to look just like the first breakout, even at the same satoshi levels. Just something I noticed.