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XVGUSD trade ideas

Verge: The Original Doge Coin DarkFrom a technical perspective, there is not much to say that cannot be explained with the simple visual representation above. The correlation between the two is almost perfect and we are experiencing a temporary divergence between the two that is within normal levels. The divergence is similar to others than have been observed, but is proportionately larger as the system has expanded over time. Fundamentally, these two coins have a similar level of risk as they are both heavily exposed to the growing adoption of social stances on security and anonymity. Both projects are approximately the same size in regards to funding, labor, and public interest. Both projects were birthed during a similar period and were similar in size and growth during cycles over time. When Verge was birthed in 2014, it was originally Doge Coin Dark before it was rebranded to Verge in 2016, which explains why it has experienced similar trading ranges and is highly correlated to Doge Coin. When Verge suddenly garners interest in the public eye, it will explode as most people who know Doge Coin today, are completely unaware of what used to be Doge Coin Dark; Verge. There will be many events that can be used to look back and explain why Verge has taken off (Wraith protocol, Rootstock, Investment Fund stakes, etc.), but the reality is that this coin was perfectly poised for this degree of price change and it was inevitable. Gaps do occur and opportunities present themselves early. That's the joy with paying attention to the market and searching for undervalued coins during mass adoption and record breaking inflation. Cheers.
XLong
by GrantPeace
6
Verge: I thought everyone knew this?This really seems to be catching on. Originally, when I posted about Verge being DogeCoin Dark, and sharing the visualization of this divergence, I thought that it was common knowledge that Dogecoin Dark changed to Verge early on. Now, over the last couple of weeks, with all of the hype over DogeCoin + insane new ATH's for DogeCoin, people are starting to talk about this. It's funny because Verge has a use-case that Dogecoin does not - privacy and anonymity aka. THE NAME OF THE GAME. I don't know how this is getting so confused, but with so many people joining the cryptocurrency space, the fundamentals seem to be getting overlooked and largely forgotten. On Reddit today, someone literally said, "I thought the entire point of cryptocurrencies was to shift financial power to be accessible to everyone in equal measures." While that is a great thing to imagine, it could not be less true for what crypto-currency provides. Crypto-currencies (in general) have a max supply, meaning that a monopoly can occur and cannot be shifted from that currency. Access to crypto-currency is still more available to the wealthy (if you're reading this, I am about 95% sure you fall into this category), which means this will only shift more value away from those in poverty. Most Crypto-currencies have a block-chain where addresses are associated with IDENTITIES on CENTRALISED and COMPLIANT exchanges. With this, Cryptocurrencies are taxed just like fiat. Anonymity is the only certain factor that can be provided and should be depended on to bring value to a currency. It's amazing that some of the largest brokerages are still bowing to the restrictions placed on them by governments to not support "privacy coins". This just shows that they still can't beat the architecture. Ironically, these coins get portrayed in a negative light by centralized authorities (including exchanges). SINCE WHEN WAS ANONYMITY A NEGATIVE TRAIT? THAT IS THE POINT OF ALL OF THIS! Anyway, let us get back to the basics. Buy Verge.
XLong
by GrantPeace
9
INCOMINGVerge is about to start topping the charts. This coin can be hyper-volatile during bull runs and has been lagging behind the pace of the crypto-market. Generally the level of correlation is far greater than what we are experiencing right now, I expect that we will see this coin make leaps and bounds to start matching the market cap growth we have observed across the sector. This divergence is a significant observation because of the magnitude. Verge matching the growth of the market will mean 1000%+ gains in a very short period of time. Cheers.
X
by GrantPeace
11
VERGE - BELOW 21MA AND RESISTANCE, NOW APPROACHING SUPPORT! Happy Icy Texas Friday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== VERGE continues to be pushed down as the Bears continue to feast. VERGE is now approaching the Solid Green Support Trend Line, if it gets supported by it then our expected target for a bounce would be the Resistance A and the 21MA. Here's a view from a conservative trader... if VERGE continues to be below the 21MA and Resistance B, then there's still no long position to be initiated. VERGE must escape the 21MA and Resistance B prior to opening a long position. If VERGE gets pushed further down, then the next level of support will be the Blue Support Bar below. VERGE may also be pushed further down in this Falling Wedge Pattern. This pattern could expire Mid-February 2022, meaning VERGE could traverse the path inside the Falling Wedge and continue to stay there until the pattern expires. MACD: (IMPORTANT!) If VERGE manages to keep its level above 0.00206109 then it will maintain its Bullish Divergence against the price action. Stoch RSI (1Wk TF): Take note that the setting on this chart for Stoch RSI is set on the 1Wk Time Frame. Stoch RSI on this chart is at the Oversold Region. It may continue to stay there indefinitely, until price action dictates its move to a bullish scenario. Always remember to place your Stop Loss. Price action is KING! Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
X
by RSibayan
5
VERGE IN MASSIVE ACCUMULATION PHASE - CryptoManiac101VERGE / USD TA Verge has moved into what can only be described as a massive accumulation phase which may be indicative of a massive pump we're about to see here. $0.021-$0.023 should not fail as support, and should be used as a launchpad for a move higher towards 5 cent region. If that region fails and we see a drop below, $0.018 comes to mind as the next and only strong remaining support for Verge in a form of a sideways trend channel. At this time it looks good if that highlighted region highlighted in red is maintained & I would be looking for a parabolic move thereafter.
X
by CryptoManiac101
2
XVG unironically going to $5In case you were not here in 2017, and are unaware of what XVG was, allow me to recap it for you: XVG is a blockchain focused on efficiency, but mainly privacy. During the 2017 bull run, specifically the parabolic phase, there was a narrative on hyping privacy coins. Especially because John McAffee, the founder of the anti-virus McAffee was preaching privacy and eventually also talked about XVG. $XVG was the most profitable coin of the 2017 bullrun and was insanely hyped, hence why it got onto binance, huobi, bitfinex etc. As seen in the chart, it is again making strenght, and is showing significant volume ($200m/24h). It has been rumoured (or announced I don't care to look woops) that the XVG team will be coming out with more modern privacy solutions for the XVG blockchain. Due to regulation getting bigger, and likely during the parabolic phase of the bullrun a returning narrative of privacy coins, seen by the strenght in coins such as zCash too. It wouldn't surprise me to see XVG pull a 2017 strenght type run again with significant hype and volume. I recommend purchasing a moonbag in XVG just incase.
XLong
by xprojoepzz
22