On the VERGE of massive profits. Target $0.76!
I love the way VERGE is playing out. If the base of our
triangle fails to hold at the 50MA we could retrace back
to $0.07 (or .236 Fib).
Right now we are in the buy zone. I'd set up the bulk of
your buy orders here, between .07 and .11. Then, have a few
above and below (just in case).
Our longer term target will be around .76 cents! 800-900%+
profits. I'll take that.
Good luck my crypto trading friends!
XVGUSD
So you held on this long? Good job. Your future thanks you.So I'm sure you guys haven't been sleeping a whole lot. Sometimes the crypto games get a little wild. Anyone left holding verge has been through hell. I declare this the bottom. I commend you for having the discipline to hold, it will pay off eventually. The verge developers get shit done, and in the crypto world a solid development team outweighs all other variables.. (I could bitch about XVG marketing, but the other extreme would be tron...I'll take developers) Nowhere to go but up friends, don't get fooled.
XVGUSD - Grab a Snickers
It's not going anywhere for awhile.
Everyone has been posting the triangle, but they don't tell you the base support line has been shifting over and over again. Recent bearish action broke that support, so it's no longer a triangle. The MACD is likely going to reset back to 0 from all this consolidation. Frankly, that's a great sign that the bulls have propped this up despite the strongly bearish MACD signal.
The MACD should be back at zero in a 5-7 days. I expect more consolidation until news pushes this upward.
Disclosure: I'm long @ 0.19
Verge (XVG) testing an interesting break-out level!XVG is about to break a triangle pattern on the upper end, which is bullish ( note that you have to pay some attention with these types of triangles , follow up the price to confirm the trade).
- MACD (bullish cross) and CCI agree
- We can clearly see the same pattern repeating in the chart, providing us at least a short term opportunity
- Note that the Bollinger bands get tighter and tighter
- Volume is a bit higher and green
- Strong support on the 50% Fibonnacci retracement level (1021 satoshi) --> if trade can't successfully break and keep above the triangle, get out around 1066-ish at the lowest
- After that strong support on 61,8% level (793 satoshi)
- Resistance at 1249 satoshi
trade was started at 1035
#XVG #VERGE Breakout Imminent +124% target 0.00003181 BTC in 10dVerge massive bullish pennant is ready to bounce upward and breakout. This should lead to a +124% target (1770 pips) at 0.00003181 BTC within 10 days.
Maybe I should HODL some XVG.
XVGUSD Long Term PerspectiveAfter publishing a long term chart for DASH using ElliottWave analysis, here's my take on another (not as well known) privacy coin - Verge.
I won't be talking about the coin itself and its features, but about the price pattern that I am seeing applying EW for what could become one of the most price-breaking coins in the coming years.
We're currently in the middle of an extended wave (iii) within a larger wave 3 that should take it to the 1.618 log fib extension of $66 in 2019, with a first stop at $5 in 2018 potentially extending to the $14 fib. In the short term, we could still see the current price movement correct down to $0.05-$0.10 in an ABC wave if $0.12 is broken.
While the fibonacci levels shown in this chart may seem unrealistic due to the extremely high market cap that Verge would attain (is there any such thing as unrealistic in the crypto space anyway?), please bear in mind that the market cap means little as price is driven by volume and the number of traded coins (rather than total coins). At the end of the day, price is driven by sentiment and a solid privacy coin such as Verge is well positioned to attract lots of private investors and later on institutional investors as they follow the frenzy driven by the former.
Verge consolidation before breakout (145% profit potential)verge is consolidating into a huge bulli$h triangle that has just now made it's 5th touch. Clear as day to see that we are at least headed to the top of the triangle within the next few days if not today. Bulli$h macD cross, oversold stoch rsi triangle confirmed by numerous touches.
1st target (.00001367) 24% profits to the top of the triangle within 1 or two days
2nd target (.00001997) is up to the previous ATH 80%
3rd target (.00002095) up to 1.618 fib 145% profit
2nd and 3rd targets are longer plays.
XVGUSD - Possible End of Corrective Wave PatternPossible completion of the final wave E corrective wave right at the .50 retracement level. Hopefully signalling an end of the corrective period.
Full release of Wraith across all platforms official as of Jan. 10 (Linux, Win, OSX).
Market down overall so a reversal of the altcoin market should give XVG a strong surge into a new impulse wave pattern.
ETH's recent run and reversal yesterday may signal it's at the end of wave 5 and will begin its corrective pattern. As ETH's bull run took a lot of money from alts, the reversal to corrective wave pattern may signal a bullish return to alts (and subsequently XVG).
This is my first post so please feel free to tear it apart, though constructive criticism is most appreciated. Cheers and good luck!
STRONG BUYUnless the trend breaks like seen the ripple massacre, XRG is looking like a strong buy in the short term. Bull market should be determined by Jan 11-13, could be an enormous jump when the triangle meets its maker!
XVG about to EXPLODEXVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the crypto market is so bullish, XVG will most likely exceed that target, possibly reaching $0.65 (1.618 Fibonacci Extension) or more.
In addition, within the symmetrical triangle, there are three falling wedges. The first two wedges led to a noticeable spike in price but failed to bring a decisive breakout. But as the saying goes, "Third time is the charm," the third wedge (the one XVG is currently forming), will likely bring an all time high. Market trends tend to come in sets of three (sometimes two). For instance, the impulse waves have 3 motive waves (waves that drive the price up) before a correction. Also, the triple combo corrections and the WXYZ corrections have 3 corrective sub-waves before starting another impulse. Once three of whatever pattern happens, the price is likely to change. XVG's three corrective wedges could signal the end of the corrections.
XVG LONGWith the addition of news of Wraith release, expect XVG to reach to the MOON! Good time to buy before the price goes up! BUY BUY BUY! www.tradingview.com
XVGUSD Continuous grow in next 3 Days could result to break outIf the grow trend will hold it will reach the ATH till 12 January a break out is very probable.
But usually Weekends are the most active time in Crypto Trade and in most cases it results to sell off, exept the bittrex and other big exchanges will resume the registration of new users and this could shot all the crypto prices to the moon. with fresh money.
New users would most possibly first start to invest based on $ prices and charts and less on Bicoin driven charts. In that case XVG is still most cheapest coin in USD/USDT market.
XVG on the dawn of a new SpikeXVG was, along it's fellow friends, going through a though phase lately. This might come to an end according to that old mathematician from 12th century, Fibonacci, or at least a spike.
The price benefited from a long trend without any big surprises. But what is even more interesting is the pattern in place since early December (the start of the rise). The price followed, a part from the trend, a series of spikes that are surprisingly (or not) similar one to the other. Next break might happend on the next Fibo time zone start.
Look out for any sign of rebound during the next Scotch RSI bump. It it follows the previous spikes it could rise quickly, but will also crash quickly right after.
On the longer hand, ignore those spikes and focus on the longer trend which as written on the graph, keep rising without resistance. But don't ignore the whole market who is currently under pressure due to south korean events and media pressure in general.
Analysis done by The Foil
09.01.2018 22:20 CET
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