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Verge

Verge should start to recoverNow that the dust of the announcement has settled, we should start to see some positive movement. - People that wanted to sell the news have done so now. - RSI is moving to below 35 - MACD is slowly moving toward a cross. - We are below the 100 EMA - Remember, the announcement was a _good_ announcement, so what we are seeing here is just people taking profit. I would suggest buying between 720 and 700 and selling again once the RSI goes above 65. It will take about a week to climb back up as people are watching each others. I don't think we will remain too far of the new 100 EMA, but I don't see us really going much above it either.
Long
by GoodmanSimon
2
Moon boys expected a Lambo but instead XVG gave them a LimboAlright alright alright. Time for my second TA, lets take a look at the never boring XVG chart. I am no expert so do not use this as investment advise. I'm doing this for entertainment and this is just opinion. Verge is a risky one but it regularly out-performs the big boys. It could be ready to have another swing at them. Before the news, I had a look at what happened to Stellar after their announcement with IBM and it retraced 50%. Verge looked like it was going to hold there around $0.07 USD but unfortunately couldn't hang on. It's bounced off the 0.382 ~ $0.06 USD but it may keep going to the bottom of the channel ~ $0.054 USD. Worst case scenario would be around $0.045 USD ans I'll be shocked if it goes that low. Just look at how far it has fallen. Look at that low RSI level - extremely oversold. Same with the MACD, it looks like it wants to cross over soon. Although the EMA is looking bad on every time frame - but as a lagging indicator it's hard to keep up with such a drastic price drop. One thing that makes me quite bullish is trying to do an Elliot Wave count on this. I'm no expert (at any of this) but I can't see a valid count anywhere as wave 4 always retraces below wave 1, which is a no no....so are we currently completing wave 2? You know what they say, wave 3 is often the longest, never the shortest ;) Mind Geek may not be the prestigious company we hoped for but it's still a really good partnership.
XShort
by yoshiii
A little more dip action followed by a lot of growth.The retracement on the spike up that we had previous to the announcement for several weeks seems to have almost hit .618 levels, so there's a potential...especially with the momentum we have with the MindGeek partnership to board XVG as their only cryptocurrency payment system. XVG was approached by them because of the privacy and security of the currency. A quick Google search of "MindGeek" will show you everything that happened today. I think there was a lot of fear when the announcement first came out and it caused a lot of panic selling. The announcement (partially because of twitter downtime) we delayed and distributed to in pieces over the course of thirty minutes to an hour...then we suffered massive paper losses as this thing finally came down from the FOMO run. Honestly, I think as more people read about this partnership and stop believing in all the FUD they see out on Twitter and reddit...they'll realize that the insanely massive exposure to the Verge name alone is worth it to us holders, let alone an endorsement. They ended up selecting Verge as their currency to enter the crypto market with. WIth hundreds of millions of users daily, international presence, SEO expertise, etc, etc, etc...This should be a great way to potentially introduce a lot of people that don't know about Verge to it and even be able to convince people that it is their most secure/private/anonymous option out there for these kinds of transactions! Could write a book on all the media coverage from today (PCMag, Yahoo, Forbes, Fortune, Business Insider, Mashable, The Verge, a tons more) Hold tight, maybe a slight dip down further but I'm expecting a rally from there and some ATH coming up in May
Long
by mromisego
Verge & Pornhub News = Completion of Bearish ButterflyWas it the pattern that caused the price drop yesterday or the news?? this is the question that is super interesting to me. If you plotted the fib on this chart and price made a B at or very near to 78.6% level and then we got a C between .382 & .236 we can then expect price to complete the butterfly and get up to 1.272 or 1.618 extension. In this case price shot up to 1.272 and then crashed... but was it as I believe the pattern leading price, or was it as others believe news affecting price or is it a combination of the two. Interested to hear what you guys think.
XShort
by Gmanns777
2
Verge XVG - Short Term Pullback on NewsXVG has pulled back from touching the upper trend line as shown by the smaller yellow ellipse on the chart on the news that a business deal has been reached to use Verge as a payment system for the Porn Hub company. Porn Hub which is owned by Luxembourg based MindGeek the 32nd biggest website on the web according to traffic measurements. This is a case of buy the rumor and sell the news. Why Was This Deal So Attractive To Verge And MindGeek? Verge team is only looking at a very large market with this company taking up a large part of the total Internet traffic with massive sales. As a business opportunity, this could be huge for Verge. The customers of these sites are looking for as much cover as possible desiring to hide their payments on credit card statements from friends and family members. Verge also encrypts all of the traffic via the TOR network making intercepts of payment traffic untraceable. The Verge Trading Chart Watch the dotted trend line for a possible recovery in the price. If the price holds here it's an opportunity to add to the position. Should the price move further downwards, I have highlighted a "Buy Zone" for adding to long term holdings. I have no intention to sell Verge, I believe it's a long term hold. Disclaimer: Those with objections to the Porn industry might want to weigh their investment in Verge. But it's only fair to point out that the US Dollar, Visa, and Mastercharge are far larger in this regard. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
XLong
by 6Shooter
Verge Is about To Go Up - Easy Money On Day TradingWant to get some easy money on day trading? Verge has fallen down over 35% on the Daily levels. But if you look at the 5 minute and 15 minute charts, it looks like a accumulation going on. When it fell down to 8800, there was huge volume followed by an automatic Rally. When it fell several times after that, the volumes were less and huge buy orders and support at the 8800 - 9000 levels which let us assume that accumulation is going on. The RSI also shows a hidden bullish divergence. I expect a quick rally to 1100 - 1400 levels. There is huge volatility in this coin and you can easily make 10-20% profits.
XLong
by tanglebot
1
Verge: the new porn coin.Hi traders! After some long weeks of waiting for this awesome partnership moment, we were so thrilled sharing this amazing moment of our life with Verge and... hey hey, heyyyyy! Well, the graphic seems to show that this might not have been the best partnership ever for Verge. Buy the rumor, sell the news still seems to be a valid proverb. Oh by the way, you might not be aware of this, but Verge means penis, rod, in french. Verge is now beeing accepted by Pornhub as a currency. Coincidence? Illuminatis level 3000 spotted? Will Pornhub become a 100% gay pornographic site, as it is accepting payments with "Verge", and we know cryptocurrencies are liked and used by 90% of men and only 10% of women? Will Pornhub be bought by the french? Suspense! Some more speculation is coming for this coin and Pornhub! Sometimes trolling is making me chill, and i hope you managed to chill as well reading this TA. Have a wonderful day.
X
by Giovi6969
6
Updates on VERGE.High volume, still bullish? guess so. When BTC was a 20k she was about 0.30$ and how much they are now answers all. www.pornhub.com They get views more than twitter, youtube, facebook combined, they say. my expectations were different and bit in another way, but I can't admit, that's a good one. the psychological side of this shit is sick, I wonder what would be their next partner?.. Let's see how this will affect Crypto world and VERGE in the coming few days. Good luck.
XLong
by ZPharaoh
Why Verge Adult Partnership will Shake up Verge MarketBITTREX:XVGUSD Most people who only participate in the free porn models(ad supported and/or pirated) don't think about the fact that it is the membership and clip sites that originally produce the gross majority of the content. These sites make the bulk of their money on paid porn and that money is what fuels the content of nearly the entire industry. Additionally the tube sites make a lot of money off memberships and clips too; options the free porn purveyor often doesn't even notice are available. Something most will overlook but is a huge deal, aside from privacy, is the cheap transaction fees. Currently the porn industry has the highest credit card processing fees, with some sites paying 15%+ for the ability to take cards alone. They can pay above of 30% if their merchant provider also provides the platform to sell the content and take payment. Verge can change all of this lowering the cost of porn and increasing the profits at the same time. Transactions will cost pennies instead of dollars and more vendors will be able to cut out the middle men who control the payment software and sell direct to consumers. More small time producers who have been locked out of the market due to high merchant processing startup costs will be able to enter the market as well using Verge. The fact that porn is involved and that many investors in verge may not see the money being spent in porn (because they don't spend it themselves) may make cause a lot of investors to flee. Those that understand how big a deal it is for a privacy coin with a low transaction fee that is open to all vendors to land more than half of the world wide porn industry will buy in cheap and hold right on to when Verge becomes a household name; which it almost certainly will once over 50% of the porn industry starts endorsing it(Which just happened) and they start sharing the details with their customer base(65% of the global population).
Long
by AmDazed
4
VERGE XVG Looks BullishVerge XVG looking to hit the 1335 mark as support was met before recent partner site traffic increase. News of Verge's recent partners is reason for indefinite stability and as we wait for site traffic to increase (pornhub spikes around midnight) in partners participating in the marketing mass adoption marketing campaign, I think we can confidently see 1100 conservatively and 1447 liberally. I expect the recent integrated commercial use and upcoming marketing stunts from partners to make this a bullish couple of weeks as the traffic numbers are respectable.
X
by nolocreates