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XVGBTC

XVGBTC low interval volume picking up quickly Hi everyone, today I'm doing unusual analysis on Verge to BTC on 1H interval which indicates nicely that accumulation is in progress at our support (38 sat) . As pointed on chart volume at this levels have skyrocket and now it's taking over sellers. Also we are seeing constant attempt to break higher which may indicate that someone is closely controlling this levels as they in processes of accumulation and they haven't finish yet but soon the breakout may happen. Keep in mind that if someone is using technical analysis and wyckoff waves and accumulation process we may see a drop lower before next move up (this is just one of options that may happen) . This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
1
XVGBTC off lows awaiting volume to confirmHi everyone, just a quick update on XVG verge to BTC pair. As of writing the pair was trading at 41 sat, up 6 sats from lows. After reopening deposits and withdrawals by exchanges we can see that on order book on binance we are seeing additional 500mln verge that came on exchange within 2 days, around 250mln under 100 sat and next 250mln over 100 sat. We need more buying power to get the price higher, as of now what we can see that pair is supported above 32 sat where I would point a strong support. Also pair is trading in consolidation which may indicate that someone is accumulating at this levels. Unless we will break above 54 sat we are still in consolidation with a possibility of dropping to 32 sat to scare people to get out of their position at lose and to accumulate move. This is just one of option. Only break above 54 sat will indicate further upside move. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
1
XVGBTC Binance finally opened deposits and withdrawalsHi everyone, as you may know binance finally opened deposits and withdrawals of verge currency as a matter of facts I looked at the current volume which indicates that move to the downside is on lowering volume which indicates that this is just correction from last rally. Also what can we see on volume chart that green volume is rising on last dip which also indicates that those levels are well supported. For more info about potential targets look at my previous analysis. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
Verge XVGBTC on defensive at 61.8 fib Hi everyone on my next analysis of verge currency. As I highlighted a couple days ago, that verge may go further to the downside to scare people and so that wales may accumulate more of it. At the time of writing this analysis we have seen a defensive of 61.8 fibonnaci at 39 sat. Also we did see a big gain in volumen when price fell below that level which means that someone doesn't want it to fall lower, which may indicate that this is our strong support for now. But nothing should be taken for granted . From fundamentals, binance has a timer set for 26th to reopen deposits and withdrawals of verge which is a good information, also i think around the same time bittrex will reopen. Verge team announced that it should be soon. After reopening there may be a sale of verge as people will panic sell but that will only affect those who are selling as there is not a single reason to believe that verge is dying or dead. The team is working tirelessly to fix the problems as they occur so that is a good think rather than bad. Just read my quote before making any decision, maybe this will help you make a decision. Patience is the key! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
3
XVG completed Gartley pattern for upto 57.5% rallyHi dear friends, hope you are well and welcome to the new update on XVG. On the daily time frame chart, After the formation of Gartley move the priceline of Verge with US Bitcoin pair has completed the final leg of another bullish Gartley pattern and entered the potential reversal zone. There There are 50 SMA within buying zone and 100 simple moving average below this level as well. this trade has a huge profit possibility up to 57.5%, and the loss possibility is 14%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XLong
by moon333
2
XVGBTC - Verge is on Golden Cross Cup FormationHello dear Traders! I was asked to analyse xvgbtc by the user @Nagat on TradingView in my last BTCUSD analysis comments. I wanted to analyse it tonigt for all of you in a common benefit for every trader. So lets start. The most important signal from the analysis is that we are taking a positive golden cross run alarm from the daily chart of XVGBTC. The 50 days MA is crossing 200 days MA from below means it is positive confirmation for the upcoming bull run and signal of average boost to upper levels soon these week. The second most important thing in the technical view is that we have possible cup formation incoming with the active bull run. This is a possible scene and a common prediction for daily charts to be happen. The road map may not be accurate but this is likely to be happen depending on the btc dominance level in the market. The horizontal lines represent the targets in the drawn chart is 181% max growth to 16% sl. The arrows are showing the higher lows from below as it is also a great signal for the incoming rise. Lastly in the position chart the green and red arrows are representing the alert zones. Your tp levels were given as it will take time and dominance to pullback for verge to move that levels. As we all want and analyse bitcoin dominance chart is going down in the bigger picture this is likely to be happen soon or later. Any of these are not a financial advice as I am not a financial advisor but only an analyst. Feel free to ask your questions in the comments or message me on TradingView as which asset analysis you want to see next?
XLong
by investhubacademy
13
XVGBTC well supported, ready for big gainsHi everyone, just a quick update on what is happening right now on verge. Lets first start with information that some of the exchanges are resuming trading on verge which is great information. Secondly Verge XVG to BTC pair has find a support at it's previous resistance which indicates that we are going further up. Thirdly i would like to mention that cumulative volume is green onboard, which indicates that there is accumulation of whales who are keeping price in one spot before they will make move. Before the rally they may try to scare some of people by pushing price below support level for a short period of time (it's called stop hunting/ margin hunting ) or in other words panic selling. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
XVGUSD only close above 0.029 will suggest further upsideHi everyone, just another quick update on my previous analysis. As i mentioned before 0.029 was a resistance and as you could see we had a 30% pullback from over there, now as we approaching it again I would suggest to be cautious as we may not break it at first and there may be a small pullback, i wouldn't expect it to be as big as the previous one but may occur. For further upside I think that verge has to strongly cross 0.029 . This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
1