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Verge

XVG -A better idea: Mr. Elliott and the Ghost of Christmas PastI wanted to update my last XVG analysis with a more thorough idea and a closer look. The fib levels from the last rally of 2017 have held up pretty well, and have acted as somewhat reliable horizontal support / resistance for Verge. With that out of the way, I see 3 scenarios that can be played out. Before I get into them, I want to clarify that I have never held Verge, and haven't looked very far into the coin's fundamentals. So this analysis is based purely on what I see on the charts, and the hype over a "mysterious partnership" which they are set to reveal on April 17th. The first scenario (light purple): Megabull! If you look at the first few waves of the last bull run, they actually look really similar to what we have now. It spanned 3 fib levels, and as of right now this rally has also spanned 3 fib levels. Last time after a brief consolidation (where we are now), Verge defied gravity and had a really big wave. I don't think it's very likely, but with the supposedly good news why can't history repeat itself? The second scenario (orange): Modest profits ahead In this scenario, Verge has a little fuel left. If price manages to break above overhead resistance, I could see it easily making its way to the next resistance level . Every upmove so far has been steep, so I would at least expect a double top to form before serious correction can occur. The third scenario (red): We reached the top for now This is what my gut tells me is going to happen. Verge will attempt to retest the resistance, but will not be able to close above it, or even reach it. After this, a correction can take form. It would be wise to watch the support levels in blue and see how price reacts to them. If XVG bounces hard and begins breaking resistance again, that's a good sign. If the bounce is modest, or worse, there isn't one, you might want to exit for the time being. The last scenario (red): You're a sucker!! I hope no one will get burned here, but there is always the possibility that this was a pump based on unwarranted hype. If this is the case, we should eventually see a hard break of support. Do not even expect a double top to form if that happens. Volume may drop, price may range sideways, and then violent selloff could ensue. This is one of the reasons to set Stop Losses a percent or two below strong support levels. Look for a bullish engulfing candle to determine when adequate support is reached. Practice risk management and don't let yourself get duped too easily! Alright, there goes. I know a lot of people really like to follow this coin. Happy trading! :) ***Trade at your own risk, this is a volatile market, with the future unknown***
by darth_bitcoin
XVG Verge imminent move!On April 6th 2018 on twitter I tweeted that the bull market was starting to show signs that the bulls were starting to walk faster and I mentioned to look at XVG and OMG as indications. XVG has moved up on the Daily chart and has broken out of it's trading range from the last few months. It broke out and now is retesting that breakout. With the announcement coming on April 17th we could see fireworks providing the partnership is as big as Verge devs say it is. The negativity in the crypto universe is a huge plus for extreme price movements to the upside. This is probably the most polarized crypto I have seen since BCH/BC forks. We are long into this announcement and look for December highs to be hit and this could also turn into a runaway move to the upside.
by TradingBTC1
Will VERGE (XVG) Make That LAST SPIKE and Let Us Earn 15 %?Dear Friends! :) So there has been some pretty bad FA-News about Verge lately, but will it affect the price now or will we be able to make 15 % on this trade? We are looking at the 4h XVGBTC Chart! It's pretty easy to recognize what's going on, and what might happen soon OR Not! We have been in this uptrend channel for a long time. And suddenly after some time we see a spike, and then another one! Will it happen a last time? We are in an ascending triangle, which is a bullish pattern. A bullish MACD-cross is about to happen, and if we look at the RSI we can see some similarities from earlier. But we have a lot of resistance above the triangle, which might give us some problems. This is not an easy one! Let's see, what's gonna happen! D4 Loves You <4 As always. Thanks for your love and support, guys :)
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by D4rkEnergY
18
XVG/BTC time to decideOk everyone. Looks like verge is trying a small correction after an incredible run. The daily RSI is showing is still showing oversold. Todays candle seems like a doji at this point which means is a reversal. there is also a great support on the fib level to hold the price above 1100 sats. But we have to see how the day ends. On the fundamental side we have 2 major news. One Tokenpay (the major donater for the croudfund campain) announced that it is not the partner for the upcoming big news. Two the partner will use verge as their preferred system of payment. For me I love verge and what they are all about but there is great risk in building up too much anticipation among your investors. The late release of Wraith protocol can be a good example of this. It had the potential to take verge to bigger higher highs, but was released later than announced which diminished its effect in a negative way. That is why I really believe that this upcoming partnership news is really big. I don't think the team will do the same mistake of building false anticipation for Verge again. So that is my two cents in the subject. Hope it helps to clear the minds a little bit more about Verge. Good Luck,
Long
by rakimala
4
Is Verge Dead in the Water or will it Moon?!?!Hello traders! Lets take a look at one of the more controversial coins in the cryptocurrency space, Verge! Verge has seen huge price spikes since in the last weeks due to the likes of the fundraiser as well as big partnership announcements. The question on everyone's mind of course, "Will it continue to rise and go to the moon?" I think its very likely that it will and I'll show you why with the 6H chart. Shown on the chart is the upward channel that XVG has respected since the start of its run up mid March. On each wave up XVG has touched the top of the channel and retraces appropriately back to the bottom of the channel before bouncing back up to the top. Looking at the chart we can see that XVG is currently at the bottom of the channel which might be a signal that the next bounce upwards is approaching. Considering that we still have a several days left until the partnership announcement there is a strong possibility of another upward movement before investors and traders "sell the news". Let's not stop their and look for more data that can validate our hypothesis or contradict it. Using the Bollinger Bands (BB) we can see that the price has respected the middle band line and remained in the upper half of BB's. Additionally we see that the middle line has been hugging the bottom of the upward channel. If you know how BB's are calculated you know price will remain in the upper half of the bands about 47.7% of the time. So roughly speaking we have a nearly 50% chance that the price will continue in the upward half of the Bands which is an extremely positive sign. Now the possibility that the channel breaks is still their, especially while we are currently on a retracement from the recent high of 1354 satoshis. Let's examine one last bit of datum that could solidify our hypothesis. Examining the chart we can see the formation of a descending triangle or wedge depending on how far you draw your lines. In terms of technical patterns the descending triangle/wedge is a continuation pattern of the trend (upward for us). Looking at the chart, price has dipped below the blue line of support and poked above the red line of resistance but has returned and closed within our pattern. This is a very bullish signal and another strong indicator that Verge will continue upwards! Alright, let's combine our data thus far and see what we've come up with. XVG has been in an ascending channel for a while now making higher highs and higher lows on each wave but still remaining within the channel. In addition to the upward channel XVG has respected the upper half of the Bollinger Bands . Statistically we have a nearly 50% chance of price remaining in the upper half of the BB's which is pretty good odds. We also saw that coincidentally the middle band has lined up with bottom line of the ascending channel which is a good sign of a bounce incoming. Lastly, the formation of a continuatoin chart pattern (descending triangle/wedge) validates our hypothesis. Personally I think we will break the descending triangle on the next 6 hour candle and bounce off middle band and bottom of the channel shown as shown on the chart. tl;dr: MOOOONNNN!! Disclaimer: Per usual lets throw in the BTC -0.98% talk. The market overall will react to the King. The strong bounce from BTC -0.98% up to 8k was a much needed sign of life for the market. However the bears are still awake and not hibernating and we're not out of the woods yet, so be careful! Let's make that money! Leave a comment if you agree or disagree. I welcome all criticism.
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by UnknownUnicorn1696851
2