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XVGUSD

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
by behdark
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!
X
by TobiasSombrowski
2
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
Long
by behdark
3
Verge (XVG) trade set up.Here's my XVG trade set up through January 1st 2024. Verge is one of the nine current cryptos that are ISO 20022 compliant and at the moment is the lowest priced of the nine. I think we are going to see a big move in cryptos moving into the new year, and most people think it will be bearish which automatically makes me think that the exact opposite will actually occur. Once the move gets going those who have missed out on the other 8 coins will FOMO and drive the price of XVG up very quickly.
XLong
by MetaShackle