XVGUSDT 1WXVG ~ 1W
#XVG So far it continues to maintain its bullish structure. Buy when retesting this Golden Ratio,. Minimum target 20%+
Xvgusdtbuy
XVG / USDT : Preparing for a breakout Above trendline resistanceXVG/USDT: Preparing for a Breakout Above Trendline Resistance
XVG/USDT is gearing up for a potential breakout 📈 as it approaches a key trendline resistance zone 📊. The price has been consolidating tightly, creating a promising setup for an explosive move 💥. If the breakout materializes, we could witness a strong bullish trend emerge 🚀. Keep this pair on your radar 👀 and wait for confirmation before taking action.
Key Insights:
1. Trendline Resistance: XVG/USDT is nearing a long-standing trendline that has acted as a significant barrier. A break above this level could signal the start of a robust upward trend.
2. Volume Surge: Monitor trading volume closely; a notable increase during the breakout will confirm buyer strength 🔥.
3. Bullish Indicators: Momentum indicators like RSI and MACD are showing positive trends ⚡, supporting the case for a bullish breakout.
Steps to Confirm the Breakout:
Wait for a clear 4H or daily candle closing above the trendline 📍.
Look for a spike in trading volume during the breakout to validate strong buying pressure 📊.
A retest of the broken resistance as a new support zone will enhance the credibility of the move ✅.
Stay cautious of fake breakouts marked by sudden reversals or wicks above the trendline ⚠️.
Risk Management Strategies:
Use stop-loss orders to protect your capital effectively 🔒.
Ensure your position sizing aligns with your broader trading strategy 🎯.
This analysis is for educational purposes only and is not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
#XVGUSDT LONGAh, SGX:XVG , the mysterious Verge, a coin that's been around longer than the last Earth Mark II project! Here's what i think...
Short Term (The Next Few Weeks - What we in the biz call "A Galactic Minute"):
- Current Trend: Looks like SGX:XVG has been showing some signs of life, much like a petunias thinking about the nature of existence right before it hits the ground. If it can maintain above the recent support levels, we might see a bit of a bounce back.
- Potential Move: There's a shimmer of hope, or perhaps just my screen reflecting light. If SGX:XVG can break through the resistance at around $0.021, we could see a move towards $0.025ish. Not a meteoric rise, but enough to make you feel like you've found the answer to life, the universe, and everything (which, by the way, is 42, but let's keep that between us).
Wait for that neck line break! #XVG at the 15min. Target $.0257. Why is this so significant? Because that will break our 6 year accumulation triangle!! $.03 is my target to start the breaking point!! I expect major news announcement or positive news to hit the
I opened LONG from 0.0174. I will fix profit at 0.021 and will wait breaking resistance at 0.021
