Verge: Up To +30% Profit ImpulseVerge: Up To +30% Profit Impulse
Together with Bitcoin Cash, Verge has the most potential for the next impulse. +30% profits in a few days is not that little this year. The upmove could also be more or less like Bitcoin. Move your stops and always take profits. There is a chance we'll drop a little more before we go up. If not then good luck.
Targets are on the chart. Most likely Target are 620 Satoshis.
Verge
Verge has news this monthThere are two reasons why I am bullish here:
a) Bitcoin seems to be bullish! This is the most important one! If Bitcoin decides to just drop hard, then this might be it and XVG might even drop harder.
b) Verge has news this month.
We are at a really low position right now. Verge showed how fast it can move. Still one or two days of sideways movement? Easily possible as it follows Bitcoin. But then again, I'm expecting a bullish trend afterwards. And together with news, this coin has high potential.
The least to expect would be an uptrend until MA200. This alone would mean over 10% plus in Satoshi (plus Bitcoin also raising).
Be aware that trading during sideways can go wrong really badly, really fast. And altcoins during these times have huge risks. It's up to you whether you go in or not and whether you put up stop-losses or not.
VERGE XVG QUICK UPDATE FOR CRYPTO MANIACS!I am bullish on Verge and love the coin, even though their team is not nearly the best. I would recommend to get into this coin if you have some money to play with for at least 3 month. Returns can be great, but also be mindful of the risk. I recommend putting SL at that green line because if we fall below that, we would need to identify newer support levels which will be further down.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XVGBTC Verge signals weakness and may return into down trendHi all,
Previously, I posted a bullish analysis on XVG where a regular bullish divergence could be seen on the 4hr and 1hr chart. Along with the descending wedge, I assumed a reversal would be possible, and reaching newer highs.
I went long on the breakout, but soon realized that oscillators did not validate the price action. Although a bullish divergence was seen earlier, another divergence could be seen simultaneously. I am referring here to the hidden bearish divergence that is indicated with blue lines (lower highs on the price, higher highs on the oscillator). This divergence suggests that prices may resume to their original trend, which was a down trend for this situation. Seeing these two divergences in the same time frame make the reversal more doubtful I would say, however I haven't really backtested this yet. Should you know more about this, please do not hesitate to leave your comment if you can confirm this or reject.
For me, divergences have put me into the right direction for the serious technical trades I've done so far. I am happy that I learned about this early on, as knowing this tool can save you a ton. For the reliability of these divergences, I can't really say they work all the time, but they are a comforting tool for confirming the price action. I will have to do many more trades to make this a more valid statement, but for now, I will put my trust into them.
In conclusion, I think that further retracement and ultimately reaching the horizontal support around 325 is possible. For now, I have closed my long position and will wait what the market will do. There is still a tremendous opportunity for XVG to go up.
I hope this was informative, and please let me know your thoughts!
Maurits
Updated Target for legendary XVG short: Bottom found? 1400+ inc?Hello!
XVG is juuust about finished with it's 2 month long correction that came in the form of a beautiful falling wedge.
However, we are not out of the woods just quite yet. I think we will be rejected in the purple circle. However, disregard this if we break above 560 - at least for your short-term consideration. For the more aggressive traders, 560-580 is close to a confirmed break out - but, 600 is bare minimum for me, as things stand rn.
So, I believe we still have to see sub 400. As of right now, my target is 391. Why?! The gorgeous desc scallop that I originally started this trade with targets that.
Good luck, #vergefam!
#vergezoo
Original call:
325 incoming for XVG?! Short in progress: UpdatedWe dipped below 6mo support thanks to bots/people thinking old bitfinex listing news was new...news, lol.
Our tiny hit-box was breached dead-on almost a month out, yesterday.
Prices to keep an eye on:
506
475
400ish
325 horiz supp
...hopefully Verge doesn't die, lol.
I believe.
Bullish Divergence on XVGNice bullish divergence on the 1D chart. maybe one more dip before a nice pop.
XVGBTC start of wave 3 of wave 5? If wave 1 and wave 3 were equal in magnitude
at a minimum of 1:1 ratio target for wave 3 of wave 5
would be ~2569 satoshi
XVG FRACTAL WAVE PROJECTIONverge climbing
strength building
moving averages correcting
volume increasing
uptrend building
Verge PredictionVerge as shown explosive growth the last two runs. The first growth was 300x, the Second 38X, this third one has the potential for a growth of 125x or more.
Verge looking to breakout..Verge the peoples coin :)
Verge is looking like its coming to an end of its downward trend.
The bottom trend line hits 3 points back since December.
If it closes bullish above the trend line on the daily, it may be a sign to accumulate.
This is my first post on here..
Im relatively new to TA so any feedback would be great.
Take my advice with a pinch of salt.
One line chart as a pro? What's going on with XVGQuite strange hah? This guy has a pro account and he is only using one vertical line and even publishes it.
Is this guy drunk or does he wants to be funny? No, let me explain you; I see a lot of people who are saying XVG is on it's way to 600% profit! Buy it now! Well mate, bullshit. We don't have any confirmations except one false breakout. Maybe from here we are going for a next run but I don't trade maybe. I want to trade with safety and I want you to earn money instead of losing because some big guys are telling you what they are 'thinking'. Obviously on this part I'm not following any people on telegram or TradingView because I really don't like fake graphs, fake info and fake break out.
Let's just catch the third wave, you never buy on the lowest point and if you do you'll lose next time.
The third wave gives us the possibility to be in profit AND to pick in on the fifth one.
Don't buy verge now, just keep it in your sight, we will wait for a confirmation.
Use your own experiences, don't follow any big guys because they're big.