xvgusd reentry for long term only if 7 cent support holds If the 7 cent support would hold, it makes sense to renter for long HODL
XVGUSD trade ideas
Divergence indicated. Maybe hit the bottom.I would still wait for other confirmations. Unfortunately, I jumped the gun and bought in above here.
Possible XVG Price Reversal Soon!As BTC broke numerous support levels, most Altcoins followed like a tail end of a comet. Everyone knows about the MACD divergence on BTC, the question is: when will it reverse?
Since XVG, along with most altcoins, behaves in a similar manner, we see a similar divergence using MACD on the H4 or H3 chart. I established the final support line for XVG using the expansion at 1.618%. From there we shall expect small corrections in the up direction. An overall Fib. expansion to the up trend turns out to be the peak price for XVG. So I set the expansion at 1.618% for the resisitence target (this may change within the course of hours).
Still looking for bottomLooking for signs that we hit bottom. I jumped the gun and already bought back in. Should have waited for more signs and confirmation.
On the VERGE of massive profits. Target $0.76!
I love the way VERGE is playing out. If the base of our
triangle fails to hold at the 50MA we could retrace back
to $0.07 (or .236 Fib).
Right now we are in the buy zone. I'd set up the bulk of
your buy orders here, between .07 and .11. Then, have a few
above and below (just in case).
Our longer term target will be around .76 cents! 800-900%+
profits. I'll take that.
Good luck my crypto trading friends!
Nre Verge Path...Thoughts on this verge path... should be seeing higher $$$$ in the next few days :)
So you held on this long? Good job. Your future thanks you.So I'm sure you guys haven't been sleeping a whole lot. Sometimes the crypto games get a little wild. Anyone left holding verge has been through hell. I declare this the bottom. I commend you for having the discipline to hold, it will pay off eventually. The verge developers get shit done, and in the crypto world a solid development team outweighs all other variables.. (I could bitch about XVG marketing, but the other extreme would be tron...I'll take developers) Nowhere to go but up friends, don't get fooled.
XVG Confirmed bearish and will take loong to recover Returning to mean and needs another hype to recover otherwise will take loong to recover. If you dont need the money that you invested wait at least 6 months.
At A SupportLooks like we are a support any more FUD news could drop it drop it down to Fib support. Still in downtrend. Wait and see.
XVGUSD - Grab a Snickers
It's not going anywhere for awhile.
Everyone has been posting the triangle, but they don't tell you the base support line has been shifting over and over again. Recent bearish action broke that support, so it's no longer a triangle. The MACD is likely going to reset back to 0 from all this consolidation. Frankly, that's a great sign that the bulls have propped this up despite the strongly bearish MACD signal.
The MACD should be back at zero in a 5-7 days. I expect more consolidation until news pushes this upward.
Disclosure: I'm long @ 0.19
Vergeverge has been consolidating between 12,5 -23,8 cents for a while now
i would suggest a buy BUT ONLY! if bullish momentum sets in and we push through resistance at 14,5 cents
and as always, just my idea trade your own plan!
VERGE - Update on Potential Buy OpportunitiesAs of now, Verge BITTREX:XVGUSD seems to be in a running flat correction to the upside. Said "abc" in formation, could retrace the cryptocurrency all the way to a 0.786 or 0.886 of it's previous impulse. If it does what we expect it to do, all the better for us, as we will then consider taking long positions with an expected margin of over 800%.
From the 0.0064 area, therefore, we will be looking for buy setups, on this pair: watch out for ending diagonal formations, double bottoms and other price action patterns for an entry point on their break. For a more conservative approach, wait for a first impulse to the upside, wait for a small correction of said impulse on the 60min timeframe, and buy the break of said correction with a stop loss beneath it.
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.
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