XVGBTC trade ideas
XVGBTC a nice Cup&HandleThere were 5 impulse Elliott waves since the end of March. At this moment a nice Cup&Handle was formed. This bullish pattern is enforced by Ichi Cloud state and rising volume. The price went above of BB, hence uptrend should continue. In order to earn profit accurately follow targets one by one.
MACD (12,27), exponential and simple moving averages (10, 20, 30 ,50, 100, 200) and HMA are in bullish state
Safe buy zone is between 0.00000600-650 we recommend to buy around 0.00000650. Targets are presented in the signal that was shared with analysis in the Telegram channel 2 hours ago
VERGE (XVG) NEW CHART PATTERN WOULD 470% - 770% MOON - (L)This is a low risk trade if you use green support line for uptrend as your Safe SL.
NOTE - THIS IDEA WILL BE SUSPENDED IF GREEN LINE BREAK - SHOWN ON CHART ABOVE
This is just an early idea so do not trade 100% based off it, but keep it in mind.
Verge is a phenomenal coin with huge profit potential. It's one of the best anonymous currencies out there with smart contracts releasing later this year which should blow price over top if successful.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Verge, XVG cup and handleHeres a 3 month view using 1h time frame. As you can see, verge is completing a nearly perfect cup and handle.
As a coin forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
RSI is in the oversold teritory.
Next resistance line is coming up at .00000697 then .00000875 Sats.
VERGE (#XVG): Technically too perfect...I know, technically too perfect ... but let's just surprise.
Never invest all your BTC in one or two coins. Diversify your balance with *1/10. Remember to set stop-loss 5% - 7% below of your entry point. Always set a stop-loss at entry point after the price increased. Always sell 30-50% of your investment and set a stop-loss at 5-10% below after reach first target.
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XVG up for another bull run?!We are right now close to previous resistance and we have formed an ascending triangle. Inside the triangle there is a small bull flag (watch closely). MACD ready for a possible bullish cross. Surpassing 680 will be a clear buying signal for me personally. No financial advice.
Have a good one.
Verge croudfundingCoin of the day is Verge.
Verge is one of the privacy-oriented coins, aiming to compete with big coins like Monero and Dash in the future. Verge team is known for having a good focus on its community and openness of the project.
Latest events
Verge started a crowdfunding campaign on March 20th. The original statement about says that the team will unveil a mystery partnership in case the goal of collecting 75 million XVG is reached.
The campaign went well and managed to collect all 75 million XVG within seven days, which naturally increased the number of circulating coins, the trading volume and the market capitalization of Verge.
After the success of the campaign, Verge team released a video in which they declare that they will announce their partnership and start a full-scale marketing company on April 16th.
Also, XVG is now listed on NexExchange. Having been listed on another exchange platform means that the visibility and availability of XVG tokens are now broadened, which will contribute to its further progress. On NexExchange you can buy XVG directly by using your bank account, so Verge just got more attainable as well, which should also positively affect its price.
Technical
After touching the 0.000005 support, XVGBTC got back its bullish momentum and went above the 100-days EMA and 0.000006 level turning it into a support.
Support levels from below: 100-days EMA, 0.000005 level, 0.000006 level, and Bullish Trend Line.
From the above: The breakthrough of the 0.0000067 (27.03 high) will lead the price to the 0.000007 resistance. Break above the 0.000007 level will open the way to the 0.00001 mark.
CUP AND HANDLE PATTERN CONFIRMCup and handle is a continuation pattern.
If XVG stay in the trend line i expect that it will reach around 800 sat in 12 days.
You can buy in and place a stop loss under the trend line.
I also expect a correction before the announcement. (Buy the rumor, sell the news)
XVG will enter in ABC EW phase correction (Fib 5, 6 or 7). Or XVG will shoot up if its "crypto the biggest announcement".