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Verge

Verge has surged more than 500% | Now what next???Hi friends hope you are well and welcome to the new update on Verge coin. After mid of March 2020 the XVG coin has surged more than 500%. In today's post we will try to understand this move of price action of Verge coin. The expected bullish Shark: In July 2019 I posted a chart. Where XVG was expected to complete the formation of bullish Shark pattern on weekly chart. And I predicted that as per Fibonacci sequence of Shark the priceline will move up from the potential reversal zone atleast between 0.382 to 0.786 Fibonacci projection of C to D leg. Below was that chart: After the completion of the final leg of bullish Shark pattern. When the price action entered in the potential reversal zone unfortunately the priceline of Verge broke down this PRZ level in September 2019 and the stop loss was triggered. Then in November 2019 the price action again entered in the potential reversal zone and during this the price action also started the formation of another bullish Shark. Then after mid of March 2020 the XVG took a powerful police divergence from the potential reversal zone of this 2nd bullish Shark patter and produced more than 500% powerful bullish rally. Breakout from the channel: After March 2020 the price action of Verge was moving within in up channel like every top cryptocurrency. But the difference between the other cryptocurrencies and XVG is that most of them are still moving within this channel even some of them has broken down this channel. But Verge has broken out the resistance of the channel. If we watch on 14th May then the price action was moving at the support of the channel. But after the tweet by the verge currency it turned bullish and broke out the resistance of the channel and rallied more than 200%. Breaking out the $0.005 and moving towards the next resistance level: The XVG had very strong resistance at $0.005. This resistance was not broken out since August 2019. But after the announcement of halving the price action of Verge has broken out this resistance very easily and now moving towards the next resistance of $0.01. Simple moving averages: If we place the simple moving averages with the time period of 25, 50, 100 and 200. Then it can be observed that the price action has crossed up the simple moving averages and the altitude of the price line is very high. And it does not have any immediate support of simple moving averages. Therefore if the price action of XVG will move down to retest the 25 SMA then it can retest the $0.005 level as support that was working as resistance before 8th Jun. Breaking out the big wedge pattern: Now if we switch to the long-term weekly chart then Verge has formed a very big falling wedge pattern. And after taking bullish divergence of more than 500% the XVG has broken out the resistance of this big wedge pattern. During this rally the price action has broken out the 25 and 50 simple moving averages on this long term weedkly chart. And at this time the price action is struggling to break out the 100 simple moving average resistance level. If we take a closer look on the chart then it can be observed that 25 SMA is moving up to form a bull cross with 50 simple moving average just below the candlesticks. If this cross will be formed then it will be a very strong bullish signal and it can trigger more powerful move. The more positive signal is that the volume profile of the complete price action moving within this wedge pattern is showing the trader’s interest at $0.014. Therefore if the 100 simple moving average resistance will be broken out then we will witness a very rapid move up to this level. Now if someone wants to buy Verge here and he or she should wait for one of two things. Whether the price action breakout the 100 simple moving average and then buy or wait for the correction rally up to $0.005 and try to buy at this level. Conclusion: The XVG is trying to breakout 100 SMA on weekly chart once this resistance will be broken out then more powerful rally can be expected. In case the priceline won’t be able to breakout this 100 SMA resistance then a bearish rally upto $0.005 can be expected
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by moon333
3
XVG Rocket style i want be clear on this analyse because that one is very simple if you play it on Long Term. You can Compare directly XVG to ZIL ( because Zil mooned days ago ) + i am checking XVG from ages. i used Bittrex Exchange because XVG is listed from long time on it, so my indicators are more accurates. i used only ichimoku cloud + 3EMAS 50/100/200 (Green/Orange/Red). Don't forget this analyse not including BTC movements and like 99% of the time, if BTC dip hard XVG won't support his uptrend and crash with BTC. but we have signs off a Rocket mod... So XVG Broke the first soft resistance on EMA50 (Green Line) and passed 60 Sats. Now XVG is trying to break EMA100 (Orange Line) to enter ichimoku red cloud around 108ish Sats. if this one can be broken surely XVG will go retest EMA200 (Red Line) around 150 Sats. So if we breaks 150 with a strong breakout, we will be in a free rocket mod and i can see XVG going to 1000 Sats and here we have old resistance on ichimoku cloud and we can see it clearly. i want to tell you all that this is not a recommendation of buying XVG because it's still dangerous to invest, don't fomo to fast, wait for breakouts, invest the money you don't need for living always! i will add far view on XVG to show everything clearly. Happy Tr4Ding and Stay S4fu !
Long
by thecryer
6
Don't miss the great buy opportunity in XVGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XVGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 0.00830 TP2= @ 0.00960 TP3= @ 0.01120 TP4= @ 0.01660 TP5= @ 0.02040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤
XLong
by ForecastCity_EU
9
Don't miss the great buy opportunity in XVGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XVGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 0.00830 TP2= @ 0.00960 TP3= @ 0.01120 TP4= @ 0.01660 TP5= @ 0.02040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤
XLong
by ForecastCity
20
Don't miss the great buy opportunity in XVGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XVGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 0.00830 TP2= @ 0.00960 TP3= @ 0.01120 TP4= @ 0.01660 TP5= @ 0.02040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤
XLong
by ForecastCity
18
Mapping 135%+ Potential Profits For Verge (XVGBTC)Keeping it simple, this is what I am looking at for Verge (XVGBTC). We have a descending channel and also a new low hit. After this new low, the chart is giving out all the signals pointing to a strong move up. Long-wick on the low/bottom hit candle. Strong bullish divergence with the MACD and RSI. Altcoins market producing strong gains for small-cap. alts. Bullish MACD and RSI. Many other altcoins already formed their bottoms while others are hitting new highs, it is only a matter of time until Verge joins the trend. Thanks again for reading. Namaste.
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by AlanSantana
11