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XVGUSD

XVG - Last few days before the major announcement!As the title states, we have a couple of days left before the big announcement. The market seems to be trending towards the bullish side with the start of ALT rising, followed by bitcoin with the last few hours. This will definitely push XVG's prices up alot more prior to the major announcement. XVG has been consolidating within the price range of 1100-1300 sats. The sell pressure is decreasing with each passing hour, and is even stablized against BTC's rise (although it did dip during BTC's rise but it was able to almost completely recover back to 1,200 sats range. Moving on the graph, XVG has retraced roughly 50% just like it did in most of its previous runup. This is why I do believe that it is nearing its completion of the sell off phase from this runup. We might see it move sideway for a day or so before it takes off. RSI has retraced from overbought and is currently hoovering at mid 50%. The rejection at the low 1000 sats indicates that there are still more buyers vs sellers. and that verge is not done with its runup just yet. ALthough the time frame that I am looking at is showing bearish divergence on the MACD, the lower time frames (15mins,30mins,1hr, etc) are all starting to show bullish divergence. MACD is a delayed indicator so the bullish divergence would take some time before moving onward to the higher time frames. Anyways, my first TP is roughly within the 1700sats range. I do believe that we will blow right through this given how bullish Verge has been from the announcement hype + the early bull market reversal that most ALT + BTC are showing. My second TP is roughly 2300 sats. This is not investment advice, this is just my take on Verge's chart. Happy investing all!
by mistahtom
4
XVG IDEA (Give feedback)Hey, this is my view on XVG. Could this be a possible scenario? I see a possible cup and handle or head and shoulders pattern forming right now. If either pattern completes we might see a break of the resitance line at 0.09. In short term we need to go down to create the handle or right shoulder. RSI is high and there is room for a drop?? I produce this idea to get feedback. the past 4 months i have been educating myself to read charts and make technical analysis. Please give feedback if this an unrealistic analysis
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by MathijsR99
1
XVG on a rampage - where are the stop losses?Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement. First of all, prepare yourself for the typical buy the rumour, sell the news phenomenon. Make sure you have your stop losses set. The 17th of April might be a logic timing for the handle to start forming. We are currently closing in on the 38,2% retracement level (low to high) or 61,8% if we look at the high to low Fibonacci retracement lines. You can see these levels acting as resistance for the moment. Can we still break through those? I think that is still quite plausible, but the 17th of April will be an exciting day and you'll better put some stop losses during the waves up (put them close to the Fibonaccis.) So for some logical, for some less experienced maybe not, but do put those stop losses or at least be aware. The other two fun learnings are how this price movement might be mirrored soon by ICX and Cardano. ICX will be announcing i) an Initial Coin Offering platform & ii) IISS launch (by April 30th), so this graph might be moving like Verge's but with a two weeks delay? "ICX to follow Verge's (XVG) momentum? (500% + potential)" Similarly, Cardano has some announcements coming up by end of April, beginning of May: i) launch testnet; ii) roadmap update. "Cardano to follow suit on the Verge (XVG) breakout? - 500% + potential" Conclusion: XVG momentum is still positive (see upward MACD, no sign yet of any cross), price seems to continue going. We have a by the rumour sell the news event the 17th of April coming closer - this might trigger a profit-taking sell-of. So stop losses should be made accordingly. Moreover, ICX and Cardano seem to be moving with approximately two weeks in delay in terms of graph movement. Seems like something at least interesting enough to have a look at, don't you think?
by A_Cryptastic_Mind
VERGE NOT FINISHED YET !I forgot to post my elliott wave.. but my 4 is quite correct as you can see.. it can always go a little more to the right of-course... but nowadays 4th waves in an uptrend are mostly shorter in comparison with 2nd waves... and that fifth is gonna fly I think ! Indeed.. the deadline is nearing.. and you can feel it ! The only thing I am still doubting the outcome is the different approaches between the BTC and the USD trading platforms... On the BTC chart, there is a 5th wave completed... so I am afraid for a larger retracement now. Binance is the most important exchange, and most people tend to watch the BTC chart. Very clearly the 1000 sat. has been a psychological boundery to overcome, and it did.. Even if btc 5000, 10000 or 100000.. Verge will have clear targets, as shown in the past... 500, 1000, 1500, 2000 satoshi... But if you want to be sure if your investment works out.. you should use the USD chart, only... who will be using this? The majority stares at the binance chart probably, and react so fort. On the USD chart on the other hand, we have an ascending trendline which is followed quite well, and that is personally my target... If you are short, this could be a short... but if you're long... just go with the flow
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by Wolverinos
Short term analysis XVGHello, XVG has been pushing on higher price since the rebounce from the bottom of the bullish channel. On a lower time frame, XVG is under a key level, if it can go over the area 0.08/0.09 then a run into 0.2ct will be possible. On the other case, if the price fail to go over the resistance we could go get a support on the moving average. A close look to the OBV indicator show us that the volumes have broken the key level this indicate in most of the case that even if price is still under resistance the volumes are here to push the price over the level. Let's keep an eye on Verge !
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by Thuerryb
Verge's hype still a hype or a copy of bitcoin on small scale?At this moment 1hr volume is still around 29500 btc.. which is huge. Volume or RSI on itself doesn't mean much as Verge made its way up to 2000 sat. with 3 steps of lower volume... So if we just got more buyers than sellers... this thing could shoot back up... I am only afraid it was a short time hype, due to the vague partnership announcement and social media hype about rewarding loyal Verge investors... Of-course if the good news which was introduced on April 1 is tru on April 17, respect... but it might have been an April Fool's day... though I would doubt it because this would end their reputation... Looking at the graph, there's a big similarity with bitcoin and other alts after a hype...
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by Wolverinos
Xtremely Very Good. XVG is forming a Cup and Handle as a handle for the larger cup which you can trace back from Feb 17. A cup and handle within a cup and handle is a great sign of a full tank rocket. These 2 cup and handles are filled with coffee to the brim! And this coffee is mixed with rocket fuel. MACD is looking good, MA are good, everything looks good. Short term Target is at 1100 sats. If 1100 sats breaks easily, don't sell and wait until Sunerok's partnership announcement. Remember, XVG will stay bullish until partnership announcement. A good partner will keep this bullish.
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by WarrenBuffetUltimate
2