XVGBTC
XVG/BTC (Weekly Key Support Failed)💎Technical Analysis Summary💎
BITTREX: XVGBTC
-VERGE broke its weekly key support area around 34s sat
-This is an extremely Bearish signal for this altcoin
-There is no strong support until the 9 sat area
-Where we can see a previous resistance last April 2017
-This is a -70% downfall from its key support
-Please don't try to catch a falling knife
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XVG Accumulaion Going OnXVG coin accumulation is going on. This is a good chance to grab some XVG coins. The coin will give good profits in the coming weeks. XVG bounced back many times from the accumulation zone.
Buy Zone: 36-38 Sats
Target: 43-48-54-61-74-85
Stop Loss: 31
XVG/BTC (Testing Weekly Key Level Support)💎Technical Analysis Summary💎
BINANCE: XVGBTC
-VERGE has been trading inside this descending channel for quite some time now
-The price is already back at its key level of support on the weekly chart
-For the 1st time, last week's candle is green which shows a weakening selling pressure
-But this is still not enough to change the bigger trend
-XVG needs to break above this channel resistance and consolidation for a few days
-From there, the Bullish scenario will increase and the risk will be reduced
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Please Exercise Risk Management 💱
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another scenario of xvg !As the trading volume did not increase, the probability of this scenario has increased !
XVG back down to All Time Lows!?XVG, like most alts, has been in a huge bear trend since Jan 2018 when it was trading around 1500sats. It went through a long accumulation phase between the Weekly Resistance of 53sats and Weekly Support of 36sats from December 2019 to June this year. I have identified a trend-line on the Monthly TF, starting from the peak of the October 2018 candle. The 3rd and most recent test of this trend-line came on the Weekly candle of July 15th which failed to break through. Since then price has also lost the Monthly Support of 71sats and is now testing the Weekly Support of 53sats. If price were to lose this final Weekly Support, it would almost certainly test ATL's again which is around 35sats. Price must hold this Weekly Support of 53sats to form a Higher Low and move upwards to prevent this.
Xvg/btc falling wedgeXvg/btc falling wedge
Current price : 39 sat
Best Buy area : buy the break
Sell target
48
55
65
71
** Strong support 34-37 sat
** Daily close below this area then this idea is invalidated
XVGBTC - Potential 160% gains Another coin hitting the lows, Looks in a good position for a bullish move. Just close above ema 10. MACD + RSI are showing a strong bullish move. Let's see what happens with this coin but I see good bullish potential.
Let me know what do you think in the comments below!!
Not financial advisor, I just like to treat crypto as a game and I love it.
XVG/BTC (Retest Major Support Area?)💎Technical Analysis Summary💎
BINANCE: XVGBTC
-Verge is now approaching major support area
-This zone was the last area before the massive pump last June
-If this area can hold for a few days and form any reversal pattern
-XVG could break out the midterm trendline resistance
-The upside potential target is up to 50s sat or higher
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Moved correctly from the chart
The Gartley pattern was properly formed and prepared for a great climb
XVG show is near!My idea is best buy opportunity before XVG huge move. If break up from the triangle happens, I think It will be big move .
XVGBTCVerge is on the floor of its price and the first upward wave can start soon. The total structure seems to be a flat and wave B has a diametric pattern and wave C can start to double in next month.
PLEASE DON'T FORGET SETTING STOPLOSS.
XVG/BTC - On the Verge of something specialWe all know what happens when XVGBTC wakes up. Turn a blind eye to the OG coins at your own risk! This is an ideal buying window that can set you up for a comfy #altszn. Refer to chart for five reasons why I like Verge at these prices.
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