#XVG : Upto 45% Profits For The Mid Term#Accumulation_Recomendation
Pair : #XVG / #BTC
RSI : 56
Note : #XVG is on a very good bullish setup and forming a bullish engulfing candle stick in the 4H chart. The already formed falling wedge seems to be broken out and seems we are having a good spike from XVG. Volume looks good in addition to EMA is below the price. Both MACD and RSI are on favor of the bulls.
Accumulation Area : 110 sats - 115 sats
Distribution Area
Short Term:
Target 1 : 121 sats
Target 2 : 128 sats
Target 3 : 134 sats
Target 4 : 140 sats
Target 5 : 148 sats
Target 6 : 158 sats
Stop Loss : 100 sats
Risk : Medium
Capital Accumulation : 4%
Xvg
Verge Price Analysis XVG / USD: Back In The CoffinVerge / USD Short-term price analysis
Verge has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a large inverted head and shoulders pattern has now formed, with sellers working hard to invalidate the bullish pattern.
Technical indicators on the four-hour time frame are bearish and also appear overstretched to the downside.
Pattern Watch
Traders should note that the October 2018 trading high is the overall upside target of the inverted head and shoulders pattern on the four-hour time frame.
Relative Strength Index
The Relative Strength indicator remains bearish on the four-hour time frame, although it is attempting to correct from extremely oversold conditions.
MACD Indicator
The MACD indicator on the four-hour time frame remains bearish, although it appears overstretched.
Verge / USD Medium-term price analysis
Verge has a bullish medium-term trading bias, with the XVG / USD pair still trading above its trend defining 200-day moving average.
The daily time frame shows that the XVG / USD pair is trapped within a horizontal price channel and is now moving lower after testing towards the top of the neutral price channel.
Technical indicators on the daily time frame have turned bearish and continue to generate sell signals.
XVG / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a bullish inverted head and shoulders pattern is also visible on the daily time frame.
Relative Strength Index
The Relative Strength indicator has turned bearish on the daily time frame, highlighting the growing medium-term selling pressure.
MACD Indicator
The MACD indicator has turned bearish, with both the MACD signal line and histogram issuing a strong sell signal.
Conclusion
Verge is coming under downside pressure across both time horizons after failing to break away from its longer-term trading range.
The bullish patterns on the four-hour and daily time frames still suggest that XVG / USD pair could eventually perform a much needed bullish breakout.
XVGUSDT will breakout triangle soonRSI breaks trendline, that means price is gonna be breakout soon
Price isn't going below 0.009xx because this is demand zone
so now, we can place stop order above 0.0105xx
stop loss: below 0.009xx
take profit: 0.017xx - 0.02xx
Verge Looking Juicy - Short TermXVG is currently riding the .618 on the fib, in a descending channel, and volume is dropping. The 4 hour stochs is dropping, but price isn't moving, while the MACD is on the way up. This looks to be a good setup, that is if Bitcoin doesn't do anything crazy first. Personally, I'm buying while it rides this .618 and waiting for one of the crypto like explosive bounces that seem to come out of nowhere. If I'm wrong, that's what stop losses are for.
Verge might do a thingVerge is looking like it might be correcting finally. I’ll start dca my entry around this level.
$XVG Ready Being A Degen?I don't if it is you, but for me, $XVG is degen-able. Strong charts right here that bottomed for such long period of time. Whether you buy it or not, we'll see how far this one will go!
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XVGUSD will break triangle zone at least in 3 daysXVG is on triangle. We have to wait break out 0.012 to buy.
As you can see, XVG is on triangle about 10 days now. At least 3 days, the price will break this triangle, just like bitcoin
If you don't have time to wait and make order, please do stop order because when price break very strong and you can't open position
XVG - ALERT!I was waiting for this price for almost 3 months :)
WEEKLY CHART :
Buy now and hold for mid and long term
targets
160
200
250
300
350
Long term: 480 and 700
XVG Conservative Targetit was stopped by EMA50 on graph and retracing a bit now.
Back from nowhere with good volumes.
XVG is playable until 61.8% Fibo.
Target is 170ish.
Should wait for a real confirmation breaking EMA50 and EMA 200 to believe in a strong push up.
Happy Tr4Ding !
Tactical XVG long for a breakout
XVG poisted to break through resistance. 30-40% upside to the next resistance level of .014 USD.
Bull rekt charging maybe?Maybe some bullish nervousness on XVG BTC could rise up soon during the very next days: after a bloodbath started from the fake bull of last month (ath 219 sat), XVG hodlers seen their BTC value dramatically falling up, as the price touched the floor of 100 sat (local bottom) just a few days ago.
Considering that we are almost at the bottom of a falling wedge (bullish signal), and we almost touched the lower bar of the channel i highlighted on the chart, we could possibly get back somewhere beside 150 sat in the near future (maybe after good news after the Meetup such as new Codebase release, new partnership, ecc). The bull case scenario may be facilitated by BTC USD bull run loss of brute power, bringing fresh & new liquidity to the alts market.
Take care of the 50 and 100 MA: they are literally demolishing any single bull attempt to go up, but if price should take over those resistances, FOMO will do the rest.
Don't forget the core team and devs will be sharing updates and news about the project in a couple of weeks at Rotterdam Meetup (25th of may 2019).
>>>>>> NO FINANCIAL ADVISE <<<<<<
Stay tuned for more updates and best of luck!
Vito
OVERALL DOWNTREND IS BROKEN TODAY. IT IS GONNA BE PROFITABLEHello there,
targets are indicated on the graph.
Have a nice time.
Verge Price Analysis XVG / BTC: Showing Signs Of LifeVerge / Bitcoin Short-term price analysis
Verge has a neutral short-term trading outlook, with the cryptocurrency testing towards its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a head and shoulders pattern has been triggered, with the bearish pattern already reaching its full downside projection.
Technical indicators on the four-hour time frame are bullish, although they are already starting to appear overstretched.
Pattern Watch
Traders should continue to monitor the neckline of the bearish head and shoulders pattern on the four-hour time frame.
Relative Strength Index
The Relative Strength indicator has turned bullish on the four-hour time frame, although it is now starting to correct lower.
MACD Indicator
The MACD indicator has turned bullish on the four-hour time frame, although it is now starting to appear overstretched.
Fundamental Analysis
XVG continues its move up after the project has announced the release of its Lumos V5.0 update. As stated, the update increases the security of its privacy based platform and significantly improves the performance of certain tasks, creating a better user experience.
Verge / Bitcoin Medium-term price analysis
Verge has turned bearish over the medium-term, with the XVG / BTC pair now trading above its trend-defining 200-day moving average.
The daily time frame shows a bearish triple-top formation, following numerous failed attempts by XVG / BTC bulls to surpass the November 2018 trading high.
Technical indicators on the daily time frame have turned bullish and continue to generate strong buy signals.
XVG / BTC Daily Chart by TradingView
Pattern Watch
Traders should note that a small head and shoulders pattern is also visible on the daily time frame.
Relative Strength Index
The Relative Strength indicator has turned bullish on the daily time frame and is highlighting the growing medium-term upside pressure.
MACD Indicato r
The MACD indicator is generating a strong buy signal on the daily, while bullish MACD divergence still remains present on the mentioned time frame
Fundamental Analysis
In the medium term, the project will continue to face stiff competition from other privacy-based coins. The sector is becoming more competitive while Verge is losing the technological competition to large players, such as Monero and Zcash.
Conclusion
Verge is attempting to correct higher against Bitcoin after the bearish patterns across both time horizons caused the XVG / BTC pair to fall to a new 2019 trading low.
While the medium-term trend remains bearish, further near-term gains appear possible as the bullish MACD divergence on the daily time frame has yet to be fully reversed.
XVG LONG- Entry : 137
- Target : 900 (+556.93%)
- Stop loss : 76 (-44.53%)
- Risk/reward ratio : 12.51
Verge - altcoin on the verge of a 10x green monthly candle?Monthly chart shows a hammer candle forming. June should be an epic month.
$XVG Big push in just 1 day (45%+)$XVG pushed up fast from support at 101sats with amazing volume and reached 145sats resistance in less than 1day (45%+)
Now its getting some rejection at this level, which is normal after such big push
Wait for pullback OR a flip over resistance for a new entry/opportunity
$XVG
XVG : An Easy 100% Profits Opportunity for the shorter term.RSI : 65
Volume : Got a good bag of input today.
EMA : under current price
EMA : On the way to become under the price too.
Accumulation Area : 100 sats - 120 sats
Distribution Targets :
Target 1 : 138 sats
Target 2 : 152 sats
Target 3 : 167 sats
Target 4 : 187 sats
Target 5 : 213 sats
Target 6 : 288 sats
Stop Loss : 88 sats and 92 sats
Note : Just in less than 45 days XVG loss over a 100% position and it seems its gaining its momentum back again. Technically looks very good including both EMA . And volume increasing in a good momentum too. Even though it seems a little bit risky, grabbing some into the bags using a little percent of our portfolio must be a smart move to gain a short term big profit. For #hodlers this must be the time to grab in big amount and wait for it till it started its drama. Currently testing the resistance area around 120 satoshi's and after a little bit correction we got to see the intro of the drama.