XVGUSD trade ideas
VXGfor those hodling there is an abc on the 5 min which is setting up right now.
target is around the 20 cent mark.
i tested the wave three (marked blue) and it hits a wave three target on 5 min nicely, which means we could be about to run a 5th wave.
this doesn't mean that this correction is over.
if you check daily, or even look at log charts quite a few of these have a sh$tload to fall, but then again what is happening now with cryptos is unprecedented, so who knows.
VRG - Cant post 5 min chart, but some triangles and flags forming. For this i like to use trend lines to manage the trade.
if was concervative i would sell all holdings now and hope i dont miss the next move.
otherwise i would hodl on and see whether this is the ending of an impulsive wave correction, meaning we have a new bullish move ahead to at least new highs (and also much less sleep).
either way good luck!
Consolidation after massive correctionXVGUSD
Verge is going to consolidate for a while after a huge predictable dive.
PS. People are being played by market drivers over and over again through various coins. They start pumping massively through social media and dump as per pre planned on a schologycal simple pattern.
XVGUSD - Just in case this happens...Major XVG correction took place today. I'm seeing growing bull flag fractals. Wanted to call this pattern out just in case it actually happens.. =) Merry Christmas!
XVGUSD Potential +50% in this week,GO GO GO!!!Hello traders, Here I have checked the 4H chart ofXVG!
The price has had a correction move, after a long time
peaceful, I predicted in my previous analysis and we
got the price action!
After the short correction, the price is ready for
a new up wave. Since price has hit a fibo support(0.14) ,
there has been signals of downtrend slowing . The
candlesticks are showing the beginnings of a change of
command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach
target of at least 0.23. If price successfully breaks
pressure level at 1.011, price could extend further
to the highs-0.32
I will be updating this analysis if it exceeds 30 likes.
XVGUSD Potential 100% Profit WaveHello traders, Here I have checked the 4H chart ofXVG!
The price has had a correction move, after a long time
peaceful, I predicted in my previous analysis and we
got the price action!
After the short correction, the price is ready for
a new up wave. Since price has hit a fibo support(0.14) ,
there has been signals of downtrend slowing . The
candlesticks are showing the beginnings of a change of
command from bears to the bulls.
I believe that price has found a true bottom.
I am expecting an up move up to begin, to reach
target of at least 0.23. If price successfully breaks
pressure level at 1.011, price could extend further
to the highs-0.32
I will be updating this analysis if it exceeds 30 likes.
XVGUSD - swing tradeJust touching the 50, testing this swing trade. Will see how it goes over the next few hours.
There is strong trend to start the new year with 1$ per XVG withAn ca 0.03% . 3 Day cycle of every 100% gain is recognizable.
The volatility is very high 40-60% so if you like to trade you can make a lot with XVG.
But simply HODLing also very profitable and more safe.
Verge OpportunityVerge Broke down it's descending triangle pattern. Looking for it to bounce off the blue 100 day MA or 1 fib level. Buying area in green.
Falling Wedge on VergeWe see a falling wedge on Verge, which happens to be the correction wave after the impulse. That means we should start impulsing soon after the falling wedge breaks.
verge It made a nice 5 wave sideways correction, i am expecting next push to and over the last highs.
XVG50% CORRECTION holding at this stage, would like to see it crack the downwards trend line (around .225 or so) forming the top of the flag.
after that there is a little possible resistance at .235 (fib level) but seeing as it has broken the flag it should be an indication that this is going to move to new highs.
the move should at the least mimic the recent one we saw from the low of .07cents, this will be inline with the 100% fib extension level of around 0.39
if the current correction pivot of 0.18c (orange elliptical) doesn't hold then we will see it coming down to test the .618 (purple/typical abc reversal band)
at the lower purple reversal band we would be looking for a candle reversal signal, with closes within that band to confirm support. so far though hoping current typical reversal at the orange band will hold and we see 0.18 last major support.
XVG - HODLcurrent movements still look corrective, doesn't look like it has entered a bearish move.
correction has tested 32.8, would like to see it come down to the trend line at the 50% re tracement zone at around 18c.
if it drops past the 50% fib retracement, it may head down and test the 61.8.
either way, as it stands we are seeing a correction and not a change in direction.
if you're looking to accumulate, there could be some entries within the next couple hours with very tight stops.
upwards potential is growing as this correction expands, will have a better target as we get a clearer picture on how this is playing out.
New Verge (XVG) XMAS Morning Target up 245% to $0.529Based on the last rally and utilizing mostly fib retracement to estimate a buy location (without signals), I'm seeing we'll enter a buy area within the next couple hours while creating a bullish flag or pennant (more likely a flag), then we should begin the rally into a Christmas morning surprise completing at $0.529 or nearly half way to Ripple's value.
Ripple is also going to be pushing 325% soon, so be ready for that as it keeps ahead of Verge for the time being. But that may not last forever. It's possible Verge may overtake Ripples position, unless Coinbase adds Ripple (likely) and/or there is more good news from the Ripple camp during the end of the year and into next year (again, likely).
My ripple projections show that we'll go through a couple rallies and retracements with a target around $4.20 for XRP and it's possible that XVG may hit $2.00 within the next couple weeks as it has been maintaining 300% rallies pretty regularly.
