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XVGUSD

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 ---- Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
XLong
by TheFoil
Verge (XVG) +4090% to $8.25 in 13 daysIt's difficult to share this post, as the gains are very high. Please take it with a grain of salt. I am only showing you what the charts show me. I personally lost faith in XVG when the WRAITH PROTOCOL delivery date was missed for the third time. However, keep in mind that the build up to this point is what will make or break this coin. The interesting part is that we've already touched on the 61% fib retracement line, meaning the correction is complete. Things have just been consolidating and forming a very large bullish flag, or maybe a very tight and extended pennant. I'll post some immediate updates to show zoomed in versions of this analysis. See below.
XLong
by Tin.Foil
241
XVG Projected Movements and Potentially Triple GainsXVG's new moment patterns are outlined in the chart above. As you can see we haven't gone past the 0.786 fib retracement as of yet which means there is still potential growth. Most cryptos extend themselves 1/3rd into the 1.618 range which means we could be seeing potential highs of 3000 sat if xvg breaks free from the triangle depicted. Either way we can still get some gains off of xvg by buying now and waiting till it touches the top of the triangle as it is still following the upward green support trend leaving us at 1450. If you take note of the vertical fib sequence lines in black labeled 0 1 2 3 5 8 you will see that we are approaching the 5th increment leaving a possibility of an early breakout situation if the volumes support it. If not then we should see a bounce down to the support trend again then it should challenge the triangle's boundaries (another possible breakout situation). I will be selling if it dips below the green support trend as xvg is known to be disappointing at times. If this happens then we should be seeing horizontal movement out of the triangle cone as depicted in the chart.
Long
by thomas58700
15