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Xvg

This Can Be Final Resistance For Verge Coin (XVG)Hey friends, hope you are well, and welcome to the new update on Verge coin. Reached again at key level resistance: The price action of Verge has reached a $0.019 resistance. This is a very key level and final resistance on long-term, because, after this there is no significant resistance up to the highest price in the history of Verge. Big up-channel resistance: On the long-term weekly chart, the price action of XVG has reached the resistance of an up-channel. The previous week’s candlestick was not able to close above this resistance but the new candle has been opened above the resistance of this channel. If we will have the closing of the current week’s price line above the channel’s resistance then it may start a big move towards the previous highest price. Otherwise, the priceline may re-test the support of the channel again. Step by step movement: On the daily chart, we can observe that after every rally the price action is getting retraced and then starts the next rally to the upside. After the recent rally the price action has been retraced between 0.382 to 0.50 Fibonacci level. In the meanwhile, the priceline is also using an exponential moving average of 21 as support. A big bull cross of SMAs: On monthly time period char, the price action of Verge currency has crossed up the simple moving averages with the time period of 7 and 25. The 7 SMA has also formed a bull cross with SMA 25 that is a very big bullish signal. Conclusion: At the moment in the long-term, the priceline of XVG is struggling with two major resistance levels. One is $0.019 price level resistance and the other one is the resistance of an up-channel. If the prcieline will breakout these resistance levels then the XVG can lead the bull market of all cryptocurrencies including Bitcoin.
by moon333
2
Decision time for XVGBTC (Pitchfork, Daily)Simple rules for a pitchfork chart: * Price tends to gravitate towards the median line. * When price breaks the median line there is a high chance it will pull back to retest again the median line. * When price breaks the Pitchfork channel on the opposite side of the channel direction, there is a shift in market sentiment and the trend can reverse. Right now we're at point 2, the price has broken above the median and retested. However the price is also testing a significant horizontal support level at 33 sats (purple line). If the price falls below 33 sats, I believe a new ATL is likely. If the price breaks above the pitchfork channel (point 3), that will signify a trend reversal and should be a good indicator to buy. See for an upside trade possibility.
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by monochromatic
Verge USD XVG Hi guys, just a quick follow up on my previous analysis, as I mentioned before, we broke thru resistance at 0.01 and retested it, from where we can see a momentum to the upside, the next important resitance are as shown on my analysis. keep in mind that this is not any recomendation, its just speculative observation of the price action. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
Verge broke thru resistance and retested, now the time to shine.Hi everyone, verge finally broke thru 1 cent and make correction from 1.61 fibonnaci extension to retest it. after compliting this scheme, now we entered accumulation process just before halving and after good information from verge team and voice life, phub. In my opinion there is still time to get on this train for a big gain . This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
Continuation of downward pressure - Race in 1d & 2dWe are still experiencing downward pressure. We are currently in a "Race" between the Energy in the 1d & the Red RSI in the 2d. In order to see a possibility of a reversal of upward pressure, the Energy in the 1d needs to close above 50 before the Red RSI in the 2d crosses below 50. Near Term TF Group. In this TF group we can see that in the 1d & 2d the Green is higher than the Energy, if this remains the case we do have potential in these TF's to see a higher high. For now we can monitor for reversal signs. I have marked this as neutral. Trade safe aBL
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by aBitLong
2