Verge Log Perspective May Blow Your MindWow. Holy cow. Guys, this may be my longest post of the day. SO MANY things to say here.
First off, we all know how much of a pain in the ass Verge is. But MAN will it be worth it. Many people have lost money on this coin, but guys I'm pretty confident that it will come back. It's just a matter of time.
So what I did here was just take the log perspective of Verge's wave count through the weekly chart. And I am AMAZED. This is truly nuts. If we look here, this is a pretty easy wave count. We see that Verge is actually "channeling" logarithmically and following these trend lines pretty nicely. We're reaching certain levels in on RSI where we have an immense amount of support. And even though we could potentially correct for a few more weeks, what we have in store is going to be crazy.
So we see our support levels and zones on RSI, but notice the bullishness in weekly volume. Such a beautiful downtrend. But with the decrease in volume, it shows that there is really no fundamental catalyst continuing to drive down the price. It's simply just taking a break!
So, I believe we are still on wave 3 here for Verge. And the green lines are our targets. The crazy part is how the top of the trend line would take us near the $1.22 target that a placed on the last Verge post, from doing some crazy Lumen slope extrapolation thing (I may copy it onto this post just so you all see what I'm talking about).
Lets also take a look at the 21 Weekly EMA. All we're doing is bouncing off of that, like we have in the past! This reminds me SO MUCH of Cardano and Lumen guys i tell you!! Do NOT be surprised if Verge gets over $1. I think what we may see here is a target of $1.18 and then a pretty drastic drop to either the target 1 or target 2 line. From there we could possibly correct for months until we reach this support line. Is $3 possible for Verge? Maybe in 2019!
Even with the price being so low, I'm really excited. Everything that I've seen being possible with this coin is STILL possible. Only the more that I look at these charts and study them differently, the more confirmation that I get. A few more updates to come with what is going on in the short-term. I think our correction is nearly done!
Reminder, this is a weekly chart. These targets most certainly won't happen over night.
XVGUSD trade ideas
XVG long looks good!! what are youre idea's???guys thinking about this verge charts.. looks good mwww just like other big crypto-charts is the crypto market gonna explode soon?? lets hope so!!!!
XVG/USD Technical AnalysisXVG/USD Prices have been fluctuating between 0.09773258 resistance and 0.08640566 support since the 23 of Jan 2018. Prices are currently trading just below the upward price channel around 0.089226. Prices need to break and hold above the current resistance, and also within the price channel before we could see further moves to the upside. Failure to hold at 0.08640566 support level could see prices fall to around 0.06874
Just simple trending linesWith lower highs and lower lows everyday, my simple projection looks like we should be looking at .065ish by February 2, 2018.
Rather than some complicated stock type analysis I think simple trend lines really tell the story.
VERGE COME BACK ... from where are you fromFrom the hell.
It looks extremely bad. I see an inversed cup and Handle. That's mean that it could go very deep.
There is an alternative way . more lucrative.
I would do so. If it bounce from the dotted line, it will goes higher and following the positive trendline.
If it touch the red line there are two possibility .
1) double bottom and go higher
2) come back to reality!
RSI is extremely bearish.
Be carefull if you are bullish on verge
XVG Verge on a tighter time framerethinking Verge on a tighter time frame
possibly traders are assuming this is an extended correction
but it could take off any moment now
anyway keep your focus on trading safely with stops and confirmations
can't wait to see how this plays out
Verge may be ready for the next jump?Verge coin retrace from 71% fibo and maybe already started the next jump. Even if not ready yet, it is clear it found a strong support at the current levels.
XVG exits out the bottom its .06, out the top its .119XVG exits out the bottom of the triangle its heading towards .06 over several hours
IF XVG exits out the out the top of the triangle (the blue line )
its heading towards .119 over several hours
Verge / Dollar (fractal config)Fractal fit to relevant scale and proportions as the following cycle. The gradient of trend lines is adjusted accordingly to its original fractal properties.
#XVG #VERGE target +65% to $0.1818 USDI really don't want to chart Verge right now, because it's been so sideways, but I get a lot of requests to post XVG updates, so I'll go ahead and do it. I have a long term vision of about +4000% but I don't want to share that until we break above the resistance levels on the 1d charts (mid Feb before that happens is my guess).
For now, this is a short term target within the next 24 hours.
It appears that Verge is forming a bullish flag from the bottom, the bitcoin bottom, which is showing positive traction moving upward.
Based on the length of the flagpole, we estimate the expected gains should be around +65% with a target of $0.18 USD.
See links to a few of my other charts below..
XVGBTC would most possibly crush due to planned FORK in next dayAnother disaster is coming, Vergecurrency announces the wallet upgrade and fork forcing exchanges to upgrade wallet or stop trading XVG.
twitter.com
After Disaster with Wraith release in 1 January most possibly this will kill xvg finally, as soon as any problems with wallets will appear.
That there will be bugs, is VERY probable as of nobody can write code with absolutely no bugs
The problem with XVG is everybody is very sensitive to any fail.
Better wait till the fork is finished and most of exchanges report that they are able to use the new wallet or stop trading XVG before investing.
XVGUSD - Update on Correction and Potential Buy OpportunitiesFollowing our previous analysis on this CC (), we have seen a minor impulse to the upside - congratulations to all those who are in the buy from our entry area.
However , at this moment, this impulse to the upside seems not to be followed by it's own correction to the downside, but by a correction in the opposite sense (flag, in yellow): this would signify that, in reality, XVG BITTREX:XVGUSD is preparing for more downside.
In this case, the downside is expected to go back and break the previous low at 0.061, before resuming it's upward impulse.
Having done all the above considerations, we recommend putting positions in break even or at least to expect a little more downside, according to where your buy entry levels are. Monitor closely.
Updates on this and smaller timeframes will follow.
In relation to cryptocurrencies, let us remind all traders that any attempt of forecasting based on wave and structural analysis has to be taken in a very conservative manner, as these financial instruments could not have been traded in the markets for a long enough time to consolidate their structure and make a valid projection possible.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
XVG/USD long term viewHello,
Please find the way to freedom ! I'am not talking about marketcap or any other fundamental background.
Just taking a simple technical analysis based on the 2 previous movements in a bullish chanel.
Thank you.
Descending TriangleCould be a sign of reversal. Watch out for falling breakout. I do not know why it would switch to a downward trend, but it is going that way.
