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Verge

Verge (XVG)/Bitcoin (BTC) Monthly chart analysis. This monthly chart analysis of Verge requested on Twitter. It's been a painful one for Verge holders as Verge is one of the better known pump and dumps. HOWEVER, a lot remains to be seen and there could be relief on the way... if you are willing to be patient. There's good news and bad news. The good news: Verge is essentially bottomed out... after a long 3 year downtrend, XVG has seemingly broken out of a wedge pattern in March.. although the formation began in April 2019. Not only that, the formation has formed a double bottom, and looks to be headed to a nice big cup and handle. But that is way too far away to determine. The bad news: After a successful breakout of the wedge, this months candle seems to be bogged down by bearish pressure. However, we still have a few days to go. The RSI jumped upwards a fair amount for such a small price movement, that I would not be surprise if it breaks to the downside to form another bottom and wind up another round of bullish pressure. We MUST wait and see what the next monthly candle looks like before we can make a determination. Best case scenario: This month closes out with bulls winning over the candle to continue the uptrend.. The RSI doesn't go too high. Worst case scenario: The bears win the month, and unfortunately head for yet another bottom. On the bright side... a triple bottom can only be an indicator for a nice strong trend reversal. In my opinion: Because of where the price is in comparison to the last 4 years... if you are going to accumulate Verge, now is the time. Losses will be minimal. I will stay neutral until we can confirm.
by NoobTraderTV
Can $XVG Pull A $DOGE?This is meant to be more fun than anything but I was thinking, what if Verge (Formerly known as DogecoinDark) pulled a similar run to Dogecoin? As you can see, the price increase is 2,700%. This is the percent increase that $DOGE saw from its all time weekly (close) high back in 2018. If we applied the same gains onto Verge from it's highest weekly close, the price reaches $7.30! That is a rough 122X from where the price is right now. We could see the price shoot up to the old all time high, form a cup and handle pattern, and then we break through. I know, I know, this sounds insane. But this $DOGE run has been wild. Realistically, I think we reach the ATH and more than likely break it. We probably won't see a $7.00 verge, but with the way the market has been, I'm not going to count anything out. By the way, all of the lines are daily resistances on our way to the top. I am going to be posting more about $XVG in the coming weeks and months as I do think we are about to see a wild run. Follow me for more Verge content on TradingView and on Twitter, @ParCrypto.
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by ParCrypto
15
XVG : EXPECT USHello World Lets talk about ma boy, Verge Verge coin started its cryptocurrency journey in 2014, going by the name of DogecoinDark. The reason it was created was to create a truly private cryptocurrency. The founder of Verge felt that Bitcoin wasn’t anonymous, so he decided to build a new blockchain where transactions could not be traced. Verge uses multiple anonymity-centric networks such as TOR and I2P. The IP addresses of the users are fully obfuscated. The Core QT wallet has built-in TOR integration as well as SSL encryption which adds an extra level of security. first of verge is good for long investment and if BTC let it, it will back to the crown TG 0.065-0.07-0.1 SL 0.06 0.055 WE ARE VERGE WE ARE LEGION EXPECT US.
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by amirsediq
8
Verge/BTC >10x potential back to a new ATHVerge is on the rise and we also cover this with the XVG/USDT pair. On the XVG/BTC we can see that we broke the first resistance and are overextended. If you are not in this trade yet we suggest to wait for a retest of the old resistance line. The volume continues to increase which is a bullish sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
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by tumbler55
1