XVG USD Short-Mid termClassic triangle A-B-C-D-E pattern with breakout. Small bull flag due to btc correction and now on the way up!
XVGUSD trade ideas
Is this good #XVG Verge buying opportunity?BITTREX:XVGUSD
50% fibo at 0.15 price level, breach of this key support will expose 0.12 - 0.10 major support zone 61.8% fibo. Trade idea to buy on further dips gradually. Disclaimer: do your own research too, and analyze the fundamentals.
Don't Put All Your Eggs In One Basket
XVGUSD The Price Good movement break the 1.90The Price Good movement break the 1.90
It break the Triangle zone
ADX (Above 25)Show the Trend countinue
I have called many times entry at 0.1530
And add more at 16.30
Next Targets:
Target 1: 0.25 (Pressure Level)
Target 2: 0.3(Pre-High)
Target 3: 0.4 (Fibo-150%
Target 4: 0.5 (Fibo-200%)
As a technical analysis, I can't tell you that the price is about to go to the moon.
But I can show you how do you deal with the trends on the chart?
Verge (XVG) The bulls are charging! See how it will reach $0.40Pattern: Ascending Triangle
Pattern 101 - Ascending Triangles:
Ascending Triangles are formed by higher lows and a constant resistance at a certain price point. The higher lows signify that Bulls are moving the price higher. As the price pushes against the resistance a surge in volume occurs and a breakout occurs. Usually UP! Extremely bullish pattern!
What to expect?
I expect XVG to follow the trend line and have a bullish breakout to $0.40 +126% gains!). If it falls it will most likely find support (blue lines) at $0.16 and challenge the resistance once again.
Recommended Guidelines to Follow:
Wait for the Break Out
Open your position by following the trend
Set your target limits
** Always set your stop losses when long
I wish you MASSIVE profits on all your trades,
CryptoTA
For more great content, follow my blog on Steemit! --> steemit.com
Verge First Leg Achieved, Can It Hold?Price currently testing key support. Look price to bounce to the upside or lower.
XVGUSD Continuous grow in next 3 Days could result to break outIf the grow trend will hold it will reach the ATH till 12 January a break out is very probable.
But usually Weekends are the most active time in Crypto Trade and in most cases it results to sell off, exept the bittrex and other big exchanges will resume the registration of new users and this could shot all the crypto prices to the moon. with fresh money.
New users would most possibly first start to invest based on $ prices and charts and less on Bicoin driven charts. In that case XVG is still most cheapest coin in USD/USDT market.
XVG on the dawn of a new SpikeXVG was, along it's fellow friends, going through a though phase lately. This might come to an end according to that old mathematician from 12th century, Fibonacci, or at least a spike.
The price benefited from a long trend without any big surprises. But what is even more interesting is the pattern in place since early December (the start of the rise). The price followed, a part from the trend, a series of spikes that are surprisingly (or not) similar one to the other. Next break might happend on the next Fibo time zone start.
Look out for any sign of rebound during the next Scotch RSI bump. It it follows the previous spikes it could rise quickly, but will also crash quickly right after.
On the longer hand, ignore those spikes and focus on the longer trend which as written on the graph, keep rising without resistance. But don't ignore the whole market who is currently under pressure due to south korean events and media pressure in general.
Analysis done by The Foil
09.01.2018 22:20 CET
----
Disclaimer: The content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
I write for analyzing, learning & discussing general and generic information related to investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. I do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
IOTA (MIOTA): Stuck In A ChannelIOTA has been stuck in this channel for about a month. Price is creeping up closer to a strong support level. Looking for price to hit the support line one last time before surging upwards and breaking through resistance.
XVG - be aware, that it likes to drop painfully.XVG has a pretty poor PR, it has a very toxic community driven by emotions. There is everything possible, but this is something that I cannot ignore. This coin has bad past very badly distributed volume. You can more likly switch to more matured project like NEM. For long term verge can be a 1$, but this is risky and from psychology perspective there are some much better coins.
VERGE - 4hr Timeframe - Update on Buy OpportunitiesSimilarly to where the Ripple ( BITSTAMP:XRPUSD ) was a while ago, BITTREX:XVGUSD is in a triangle structure ready to take off for more upside. Estimated target in the 0.42 area.
From this moment on therefore, we will be looking for buy setups, on this cryptocurrency, around the lower trend line of the aforementioned triangle. 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. However, we must also remember that Cryptocurrencies have proved to move too fast, at times, for conservative trading methods. Pattern is invalidated if price breaks out of the lower trend line of the triangle to the downside
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.
Verge (XVG) +4090% to $8.25 in 13 daysIt's difficult to share this post, as the gains are very high. Please take it with a grain of salt. I am only showing you what the charts show me. I personally lost faith in XVG when the WRAITH PROTOCOL delivery date was missed for the third time. However, keep in mind that the build up to this point is what will make or break this coin.
The interesting part is that we've already touched on the 61% fib retracement line, meaning the correction is complete. Things have just been consolidating and forming a very large bullish flag, or maybe a very tight and extended pennant.
I'll post some immediate updates to show zoomed in versions of this analysis. See below.
VERGE long opportunity Wrath update giving true anonymity to the coin has been released a couple of days later what has made the price cheaper. We are in the best possible place for a buy technically.
Verge (XVG) Breaking out of contracting triangle!! Up and away!!We are finally coming out an extended period of consolidation which took shape in the form of a contracting triangle. With tons of Volume today in the Asia session we broke through the upper trend line of the triangle and hit massive selling pressure with a big spike. Price action has come back down to the break out point for a retest and is finding support! The trend looks to be up, keep in mind a 3rd wave coming out of a triangle can be very extended and go up with little retracement. Buy the dips but if you are in stay in.. I'm using Fibo expansion tools to make projections. Wave 3 is never the shortest and should be at least as long as wave 1. Buy Verge
