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XVG / Bitcoin

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XVGBTC trade ideas

XVG Analysis by Request - Don't panic! There's time... to exit!Got a request for XVG analysis, and here is what I think... First of all, this coin has already had a significant increase in price. It close to its old highs It may very well have completed a 12345 Elliot wave , identified in blue. This would suggest an ABC correction to follow. We have not made a double top either, which could be a likely scenario, and a good exit. Current price action will become more clear if / when price revisits the recent high. Then we will get a better picture of our next move. I took the liberty of drawing out a few possible scenarios. I believe the most likely is the scenario is a a failed retest of the high (double top), and then a correction to a certain fib level, most likely in the ABC format. If you are still HODLing verge, I would set a stop loss a percent below the blue support, and wait for a better exit. Honestly, even if this coin does have a little more to go (I identified a price target by the horizontal support, around 1600 sats), is it really worth it? Try and figure out your Risk / Reward ratio, which is the total potential risk to the total potential gain. Is it 1:3 or greater? I can tell you that there are numerous coins with a great Risk / Reward ratio. But then again, this all depends on how high you believe XVG can go near-term. Do what you will, but personally I would try and look for a coin with more upwards potential, Verge already moved a lot. If you bought now, it is very possible you would be "buying the high", only to find yourself "selling the low" later. We'll see how it plays out. Happy trading! :)
Short
by darth_bitcoin
Verge - Short to 300 SATI posted on Verge when it was just under 1000SAT and said back then it was going to 400SAT. Some people did not agree, but here we are. I do not see it going up from here. There was a strongish impulse at 400 SAT, but its losing momentum quickly. I see this going to at least 300 SAT. If this level breaks, I will update again. However, at this stage I remain short to 300 SAT. Verge has a lot of potential, but remember, the lower it goes, the more the upside potential and the more our profits will increase exponentially. So lets be patient :-) PS: If you agree, please agree and like my posts as this increases my exposure on Tradingview. Thanks! Opinions and comments are always welcome.
Short
by BrettduPreez
3
XVG Analysis with Partnership AnnouncementHey all, I have just done an update to suggest a new break out point 24hrs later than my previous one. Also note the patterns I have highlighted for the month of April (and a bit of March). If the pattern continues we should see the smaller pennant occur right before the announcement however reality will probably over ride this with FOMO kicking in and volumes going through the roof, both those bulls buying and bears dumping, I get the feeling these may cancel each other out and the price may remain steady. Either way beyond this the pattern will change due to the XVG partner announcement. I am not confident to say what will happen, perhaps it can go either way, again bears and bulls may hold the price steady as the bears hope to short and the bulls want to jump on the ride. It's going to be exciting no matter what. Feel free to comment :) Andrew.
by andrewmurray86
3
Verge(XVG) - Massive Falling Wedge(BULL)XVG, like most of the alts suffered severely due to the "Bleeding Bitcoin Days". But from the looks of it we are nearing the downtrends end. We currently have a massive falling wedge pattern forming and Stoch RSI supports upward movement. Don't miss out if XVG shows bullish signs. *Remember that anything can happen if negative news come out, so always be informed. *Every profit goal is a fib resistance line, if reached, expect a drop in price. If you want to make extra profit, sell and rebuy after every goal, but do so at your own risk! If you agree with my chart, don't forget to like and follow for more TA's! If you want me to analyse a certain coin, just message me the name of it and I'll get to work right away. Good luck trading!
Long
by DreamBlood
3