Verge - XVG - too risky - it is about to fallHi All!.
This is too risky.
RSI is almost in oversold zone.
The current price peak is smaller than the previous one marked.
Volume is also lower than previusly marked.
I think the price will collapse.
What is your opinion?
Thanks for comments and likes.
Bolo
XVGBTC trade ideas
XVG BTC price compression: expect the unexpected before 7th JanHello,
After 8 months of pure bloody-bath it seems XVG could possibly be ready for an inversion pattern.
However, the market won't reveal its true nature until the compressing triangle won't be 100% drawn: in this sense, I believe we will se a big movement in the very first week of January 2019.
Our main resistance, in case of a breakout on the upside, should be definitely at 240 satoshi, but we won't get there until retested 215 satoshi (which is the level we have been rejected on the 24th of December, last week).
Otherwise, in case of a downside breakout (I mean in case we should invalidate the lower neckline of the triangle) the short-hunting war will begin with serious chanches of panic selling by the speculators.
NO FINANCIAL ADVISE, just sharing some ideas about a coin which will make happy only the long term believers.
Cheers,
Vito
Verge (xvg) will dump hardXvg will dump hard to 20-14 satoshi and 99% of alt-coin will like verge soon don't storage any coin now wait for another dip
#XVG might loose monthly support LONGIt seems that #XVG will lose the monthly support level as the pattern is also close to be finished. Buy target should be around 160 and then expect it the grow on the long run but there is a chance that after breaking the monthly support level it will fall even more to the daily resistance level around 158 but I guess it won't make it as far to the 140 level. What are your thoughts on this? Will you buy around 160 satoshis or wait for the next move to get started?
i dont usually play with alts but now is a special timeafter ignoring alts for almost ever during this nasty final great crypto shakeout there seems to be a survivor left one of the hundreds of alts that through everything continues to show strength took out a small position and will be hodling this one for the long term and see where it goes buying into a alt of this low of a market cap is gambling not investing so if you decide to play with me be warned and be aware of that
XVG BTCI recommend going Short, the MFI shows the price in the "red region" which signal the best time to sell coin.
Long XVG, Short-Term TP 315 satsI identified a few resistance lines. Meh, there's some technical. Volume, yea. So it goes.
Simply put: It looks like the bottom. If this trade fails, oh well.
My buy in: 230 sats
Target Profit: 315 sats:
I think that price could climb as high as 500 or so sats in this run, but tbh I just want to make some short term profits in BTC and hold that.
I will not delude myself into thinking the market is healthy right now. Sure there's been some positive sentiment entering the market, but until bitcoin can break and close above 7k on a weekly chart, we really haven't seen anything.
I hope this works. If not, I guess I lose money. So it goes.
VERGE: NANO LEDGER S + SMART CONTRACTS - PROFIT = 26.11% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of September 2018 .
Using this buy in point and selling at today's peak price, you would have expected to net 26.11% PROFIT !!!
The increase in price may also be explained by positive developments including:
9 April: Verge reaches a non-binding Non-Binding Verbal Commitment on Partnership, Equity Stake and Product Integrations. Bank notifies intention to offer TokenPay blockchain products to its customers.
10 April: Verge notifies the public that they are working on their own anonymous cryptocurrency exchange called EFIN.
16 April: Verge notifies the world it's partnership of a German Bank via TokenPay.
16 April: Verge notifies the world about it's creation of an escrow service in Romania called TokenEscrow.
16 April: Verge notifies of it's purchase of a Latin American gaming company and it's rebrand to TokenGaming.
17 April: One of the largest global pornography companies in the world, PornHub states that they will now accept the cryptocurrency Verge as a means of payment
18 April: Thousands of users use Verge as payment for Pornhub video streaming services.
27 April: Verge partnership of the German Bank signed. It expects to close it's deal by the end of the week with debit cards via TokenPay expected to be released soon.
1 May: Verge lists on Bitfinex Exchange.
2 May: Coinpayments supports Verge Currency payment processing. Coinpayments is a cryptocurrency payment gateway used by companies to accept payments in crypto. As of the 26th April, they have 931,500 users.
(NEW) August 3: Pundi X has announced they will be integrating XVG into their platform in Q4 of this year. Pundi X provides a point of sale (POS) platform that empowers blockchain developers and token holders to sell cryptocurrency and services at any physical store in the world. Making cryptocurrency accessible to everyone.
(NEW) September 16: The Verge team has announced that they have developed a prototype that aims to integrated Verge into a Ledger Nano S.
(NEW) September 16: The Verge development team announces that they are looking at RSK Smart Contract Implementation into the Verge cryptocurrency.
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
$XVGBTC Weekly Chart; Building up supportWeekly chart is building support after a long-term spiral downward.
Basing out and ready to setup for a run, in my opinion.
$XVGBTC Pulled back as we expected with those distribution candles into strong volume. Nice bonce off the lower trend line and barely holding onto the 0.0...217 area.
I'd really like to see that area hold with a candle close above it to remain bullish.
Nice volume sizing on today's candle with the lower wick - we'll see how the candle plays out.
XVGBTC Pullback on low volumeSee chart with potential support and resistance levels. Trend remains bullish at the time of this publication.
Verge bullflag about to be accomplishedOk guys, don't say I didn't tell you:
240 sat: it was a strong resistance during June 2017, deeply broken the 10th of August 2018 and retested (unsuccessfully) a week later. Right now "seems" to be a SUPPORT!
278 sat: highest spike of the triangle, to be retested soon i think.
No financial advise, always risk what you are able to lose.
Verge (XVG) has a $0 potentialThe 4hr timeframe of Verge (XVG) as captured in this analysis indicates an obvious bearish market for Verge that is relentless. Exponential moving averages 40 (in red color), 20 EMA (blue) and 10 EMA (green) are used to track price action with Verge only managing to close above all three (3) EMA’s on June 3, 2018 and July 3, 2018 as examples, while it has spent majority of the time trading under all EMA’s shown on the chart.
The most powerful use of a moving average is its slope and all three EMA’s with a descending, falling slope does not bode well for Verge (XVG).
~0.00000240 is indicated in this analysis as a likely price level where Verge (XVG) can find support, which is also the price low achieved on May 11, 2018.
The relative strength index (RSI) as shown here indicates that bearish momentum is running out, in disagreement with the message conveyed by the EMA’s.
Daily momentum (not shown here) however does favor XVG bears, so it is better to be patient for further development in price action before taking any position (long or short).
Alternatively, staying away from trading or investing in XVG would suffice. The RSI moving above its current bearish trendline (in blue) would be nice to see as further confirmation for the initiation of a long(buy) position.
~0.00000428 indicates a price level to possibly watch out for entry into long (buy) positions. Another option is to wait for price action to close above the top of resistance at ~~0.00000574 before initiating a long (buy) position. The former is considered less conservative than the latter.
Verge (XVG) breaking below ~0.00000240 perhaps does suggest retracement back to 0.00000000.
XVG VERGEFAM HOLDING STRONGHey guys,
We have seen strong demand on xvg lately after a long bear market. I see undervaluation of XVG and shaky bear hands recently. Long position opened today with a target of 550sats - 45% profit with 5% SL !
Keep it tight - Keep it Real!
Is XVG finally EXORCISED of the PORNHUB CURSE???XVG has been down BIG since the semi-questionable Pornhub announcement. XVG has bounced off strong support at ~350 with a thunderous green candle. This coinciding nicely with a bullish EMA cross. All the while MAC DEEzy is looking healthily bullish, ABOVE signal on every single timeframe. Perhaps its catching a buzz from all of the other green out there or its time to make sure your safety belts are fastened and food trays are in their upright and locked position! Its GO time! "Don't call me Shirley."
Food for thought/// Why on Earth would Pornhub not team up with a more privacy & security focused coin? Here's a hint... Its Green.
I'm still very much a rook when it comes to analysis, constructive criticism appreciated. Thank You everybody!
Just thinking in morning about xvg (Long)XVG/ Just see if bitcoin going up to 8000 usd, I think its easy to xvg get 550 sat or more.
Remembering that it's not an investment tip, I'm just sharing an idea.
XVGBTC Gartley butterfly is going to be formedThe coin is oversold according to various technical indicators, we took one of them to show you at the chart, it is Stoch RSI which is in a buy state now. Combining Ichimoku clouds with the rest indicators we forecast finishing of XABCD pattern and a huge bounce afterall. However XVG is a manipulated coin and the pattern may be broken, hence the growth will happen earlier.
XVG: Pump coming. (Short term)XVG
Buy range: 790-810
Target1: 850
Target 2: 900
Target 3: 1000+
Move your stoploss on every target.