XVG has no choice but to break out from a massive falling wedge.$xvg Verge has been forming a falling wedge since april 2019 and unsuccessfully tried to break out 4 times.
The pressure on the dynamic resistance (green line) is now huge as we are approaching the bottom level around 38 sats.
Verge has to break out no later than September 10th or we will explore new lows around 32 sats.
If xvg breaks out the first target will be the resistance marked by the blue line around 50 sats.
But the most important resistance is marked by the red line and is around 55 sats.
After breaking it, verge will start a new uptrend and potentially a bull run.
TP 1: 50 sats
TP 2: 55 sats massive resistance
Tp 3: 70 sats accumulation zone
Tp 4: 90 sats accumulation zone
Tp 5: 100 sats massive resistance
Tp 6: bull run
XVGBTC
XVGBTC: going to zero?I don't care about these coins - they'v been good for pumps/dumps but nothing else. There's no economy being built around them. I'v never seen a partnership that wasn't a price manipulation scam. So I don't believe that any of them have any genuine fundamentals outside of bubblenomics.
I think most will return close to zero sats within the next 12 months. Verge is a good example and I'v been watching it and trying to play bounces, although I haven't touched it for a long time. The price action is deflationary, I don't see any real action now.
The indicator suggests further decline too, perhaps into 2020. I will keep watching, but I am bearish on alts. For those waiting for the Alt Spring, I would say only that the alt breakout of 2017 happened only after BTC reached its previous ATH and, of course, it was part of long-term bullish move where people actually believed these projects had merit... clearly they don't and it's also clear more and more people know this.
$XVG Round Two!Acquire 53-56
Targets:
Pivots: 63 > 73 > 84
Fibs: 57 > 61 > 62 > 65 > 68 > 76 > 80
Weekly Resistance: 58 > 61
3D Resistance: 67 - 71
Daily Kumo Resistance: 80
Daily 100MA: 79
8HR 200MA: 59
Stop loss ~ Where you see fit. have your own risk management strategy.
XVGBTC both scenarioXVG is located in a sensetive zone, there is an Ascending Triangle in this chart and if it breaks from each side price will continue to that direction !!!
The possible zones which price can touch has been shown in the chart by white lines.
According to Andrew's Pitchfork's Tail which located in into the fork and reducing momentum, it seems that price prefer to stay in Andrew's Pitchfork.
If price can break triangle from upper side we will have these Targets:
TP1 : 0.00000062
TP2 : 0.00000090
TP3 : 0.00000158
SL: 0.00000038
XVG Pop - Long Momentum Can It Continue?News coming out of XVG is positive. Still in a bearish trend but a possible breakout is on the cards...
XVG on the verge of "do or die"Verge is hitting the "do or die" level... There is technically good probability of bounce higher if the history will repeat... According to actual situation when BTC is draining life from altcoins, be careful and limit your risk. The first target is 100sat.
$XVG - TRADE IDEA$XVG
Short / Mid / Long term Scalp/Trade/Swing
Acquire : 44-46
Targets :
Fibs: 53 > 71 > 75 > 102 > 109 > 123 > 138 > 145 > 172 > 176 - 195
OBs : 68>71 ~ 103 > 134 ~ 156>183
Moving Averages : 50MA Daily, 100MA Daily and 200MA Daily.
Pivots : 63 > 72 > 88 > 97 > 106 > 115
Use your own risk management strategy with this trade. As it's a LOW SAT coin they're very hard to manage %'s because each 1sat is over 1%.
Trade Safe.
POSSIBLE LONG Opportunity For VERGE ApproachingVerge right now is clearly still trending downwards but it looks like it MIGHT be time for it to break up to at least the upper trend line again.
It's also currently re-testing the previous all time low that it just went below a couple of days ago so to be safe the most recent downtrend certainly needs to be broken!
Watch this chart to see when the downtrend breaks!
Remember, "The trend is your friend!"
Make sure to follow me for more Crypto and Forex charts!
Feel free to leave a comment below as well but please be kind in any comments with a focus on all of us growing together!
After all, we're all here to learn and make money right?
Raiders of the Lost Ark - Face Melt Scene - Take 2?I only hope it pumps so I can laugh at how angry everyone will be... Mehhh!!
@verge @xvg #xvg $XVG Bullish Divergence#XVG bullish divergence on daily chart. I will be entering w/ a tight loss.
XVG/BTC - High Risk High Reward - Huge Bounce Possible...XVG is always a talking point. Verge is a really good and quick cryptocurrency but due to it's supply and amount of bearish pressure it has had a big rundown to the floor. It is still in a bearish cycle so wait for entry. Remember a tight stoploss but this could have some monster gains if the altcoins do pick up.
XVGUSD LONG-TERM TREND LINE- As the weekly moving averages are getting closer and closer, it looks highly possible that XVGUSD can touch the main trend line once again when the next bull cycle starts.
Fundamentals looking very strong:
- Verge FCAS (Fundamental Crypto Asset Score) is A (789)
- It is one of the 58 coins chosen by Ice Markets (mother company of BAKKT) to be included in their data feed on NYSE.
Source: www.theice.com
Verge To Challenge EMA50 For The 1st Time Since May (147% PP)Verge (XVGBTC) is going to challenge EMA50, which is sitting at 76 satoshis for the first time since May.
From the current price, that's about 15% profits potential... But that's not all, we believe that it will go even higher and challenge EMA200 at 135 satoshis, which can generate up to 100% profits.
The downtrend has been broken and XVGBTC is now trading above EMA10.
You can find additional targets on the chart above marked with dashed magenta lines.
The bottom brown line is our stop-loss. Only a full candle close below this level would invalidate the above setup...
Wishing you a great weekend as well as lots of wealth, happiness and success... And remember, that you are a Divine Soul, and you will always Deserve the Best!
Namaste.
#XVG : Up to 300% Profits Opportunities For The Mid Term.#Accumulation_Recomendation
#XVG / #BTC
Accumulation Area : 63 sats - 66 sats
Distribution Areas
Target 1 : 78 sats
Target 2 : 93 sats
Target 3 : 106 sats
Target 4 : 118 sats+
Stop Loss : 55 sats
XVG On The Verge Of Take OffLooks like Verge (XVG) Is primed for launch. Daily looks good and so does the lower-timeframes (4,6 and 12)
IF Bitcoin behaves itself it could be a good entry. Certainly, as the Bitcoin Dominance is gradually coming down.
Use a stoploss as the % in losses are high with this one on each sat move down.
CLEAR PATTERN FOR XVG BULLS. TIME FOR MOONING!This is good chance for bulls. Repeat the same pattern!
XVG Verge Historical Double Bottom Massive Bounce or Doom?Verge's luster has kind of worn off over the past few months (to say the least). But that does not mean it doesn't have the capability to make us money.
It's currently right around its historic 1.5 year low of 53 satoshis, going back to December of 2017.
On the weekly, its RSI is in the oversold levels hovering around 29.3.
Lower time frames show potential bullish reversal signals (constricting ema's, long sideways movement).
If you're feeling froggy, entry can be made between 53 and 60 satoshis.
Stop loss at 46 satoshis.
This could have some massive short term potential...if interest sparks.
Good luck and happy trading!
