There is a trading opportunity to buy in Verge Bitcoin ...Technical analysis:
. VERGE/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00000419 to 0.00000325). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000419)
Ending of entry zone (0.00000325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000563
TP2= @ 0.00000642
TP3= @ 0.00000749
TP4= @ 0.00000880
TP5= @ 0.00001011
TP6= @ 0.00001435
TP7= Free
Xvg
There is a trading opportunity to buy in Verge Bitcoin ...Technical analysis:
. VERGE/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00000419 to 0.00000325). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000419)
Ending of entry zone (0.00000325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000563
TP2= @ 0.00000642
TP3= @ 0.00000749
TP4= @ 0.00000880
TP5= @ 0.00001011
TP6= @ 0.00001435
TP7= Free
XVG/BTC zoneI have nothing to say on this. To be honest just testing structure
if buy zone breaks could see it go to 730 stopping at 640 first
if sell zone breaks 450 - 400
Verge XVG thought...This has to be one of the most controversial coins out there... People either love it or loathe it... My thought is that this is a genuine community effort coin. With that said, the goal of mass adoption brings a certain need for value stability. If you're expecting people to use a cryptocurrency on a large scale for everyday purchases, the coin has to have a stable value relative to something already known by those you're wanting to adopt the currency, USD, EUR, etc.
So, it's just my opinion, but the goal of verge isn't to create a store of value it's to create a useable privacy coin and they have done that. So again, just my opinion, but I wouldn't expect massive price movements because in reality that detracts from people using the coin as currency. I'm certain many disagree and that's ok because like I said, it's just my thoughts on what a crypto currency will look like after mass adoption.
XVG 1D DEATHCROSS ALERTWhat is a 'Death Cross'
A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. It is so named due to the shape created when charting the activity and its association with a downward market trend. As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market.
Verge: Up To +30% Profit ImpulseVerge: Up To +30% Profit Impulse
Together with Bitcoin Cash, Verge has the most potential for the next impulse. +30% profits in a few days is not that little this year. The upmove could also be more or less like Bitcoin. Move your stops and always take profits. There is a chance we'll drop a little more before we go up. If not then good luck.
Targets are on the chart. Most likely Target are 620 Satoshis.
XVG - Things looking bleak, but possible bottom found?XVG is looking rough.
After being hit with attack after attack investors may be losing faith in the product.
We have a bearish TK Cross, a 50/100 Death Cross, a 20/200 Death Cross.
It may be finding support where it currently sits at about 485.
CMF sell pressure is slowly starting to decrease which may indicate early signs of a reversal.
If it breaks, I expect to see it drop to about 340 then, as far as 100 if it breaks that support.
I would not get near this trade personally until we had a confirmed reversal and multiple bullish signals are confirmed.
XVG/BTC - Bullish Divergence and potential IH&STaking a closer look in 4 hour TF, I notice an IH&S. The volume confirmation is there and the RSI shows bullish divergence. In addition, the MACD is curling.
With the Verge Amsterdam meet up on June 9th, I'm expecting positive news from this community.
Given these clues, I am bullish on verge.
Please bear in mind, this is only my opinion hence make of it what you wish. This is not an advice nor recommendation to either buy or sell. It's only meant for use as an informative or entertainment purposes.
XVG Looks YummyHello Everyone!
I'm sure some of you are looking at the XVG chart and thinking "What the heck is going on?".
The truth is, no one knows for sure!
Now, of the many possibilities, I'm showing the one that I believe is the most probable.
So, lets take a look.
XVG seems to be forming a descending right triangle (Big Picture), with its hypotenuse being the dashed red line, and its base being one of the dashed green support lines.
Now, I know what you may be thinking..."A descending right triangle? Isn't that supposed to be bearish?"
You are absolutely correct! However, although a descending right triangle is generally bearish, there are times where it can be seen as extremely bullish.
One indicator I tend to look at when making this decision is volume. Since the last massive run up which ended around April 10, 2018, volume has gone down tremendously and continues to decrease. This is a recipe for some explosive power in the market as sellers are running out of power, which only leaves room for buyers.
Currently, within the descending right triangle, we are playing within a downward wedge (blue), which is seen as bullish.
I believe that price could continue to fall to one of the green support lines, where we could see a nice bounce up.
Does price have to reach the apex of the wedge before it goes up? Of course not, we could see a nice swing up before it touches the first green support line!
What would give me a greater degree of confidence as I play within this wedge? When price does finally move out of the wedge, we need to see an explosion up, then perhaps price falls to the top of the wedge where it can rest before its next rally up.
So, where should you be buying in?
For my self, I never take 1 position in any coin. I always ladder my way into multiple positions, so setting buy orders at each support level would make sense. Now even if more position doesn't fill, I can always take that order and stick it above the current price if I believe the rally will continue to go higher. Take bites, never chunks.
If the downward wedge is truly in play, we could see a rally up to the red solid line. This red line should not be taken as concrete on where price will go to, rather an area. Just as we laddered in, we should ladder out.
This fits nicely into our big picture descending right triangle, as it would bring us to about the dashed red hypotenuse resistance line (~70% - ~160% profit potential, short term)
From there, we could see price continue to move within the descending right triangle, until finally an explosive movement up, and a pathway to ~1000%+ profit potential. (Long term).
XVG looks yummy, and I know I am taking some bites.
Verge has news this monthThere are two reasons why I am bullish here:
a) Bitcoin seems to be bullish! This is the most important one! If Bitcoin decides to just drop hard, then this might be it and XVG might even drop harder.
b) Verge has news this month.
We are at a really low position right now. Verge showed how fast it can move. Still one or two days of sideways movement? Easily possible as it follows Bitcoin. But then again, I'm expecting a bullish trend afterwards. And together with news, this coin has high potential.
The least to expect would be an uptrend until MA200. This alone would mean over 10% plus in Satoshi (plus Bitcoin also raising).
Be aware that trading during sideways can go wrong really badly, really fast. And altcoins during these times have huge risks. It's up to you whether you go in or not and whether you put up stop-losses or not.
VERGE XVG QUICK UPDATE FOR CRYPTO MANIACS!I am bullish on Verge and love the coin, even though their team is not nearly the best. I would recommend to get into this coin if you have some money to play with for at least 3 month. Returns can be great, but also be mindful of the risk. I recommend putting SL at that green line because if we fall below that, we would need to identify newer support levels which will be further down.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XVGBTC Verge signals weakness and may return into down trendHi all,
Previously, I posted a bullish analysis on XVG where a regular bullish divergence could be seen on the 4hr and 1hr chart. Along with the descending wedge, I assumed a reversal would be possible, and reaching newer highs.
I went long on the breakout, but soon realized that oscillators did not validate the price action. Although a bullish divergence was seen earlier, another divergence could be seen simultaneously. I am referring here to the hidden bearish divergence that is indicated with blue lines (lower highs on the price, higher highs on the oscillator). This divergence suggests that prices may resume to their original trend, which was a down trend for this situation. Seeing these two divergences in the same time frame make the reversal more doubtful I would say, however I haven't really backtested this yet. Should you know more about this, please do not hesitate to leave your comment if you can confirm this or reject.
For me, divergences have put me into the right direction for the serious technical trades I've done so far. I am happy that I learned about this early on, as knowing this tool can save you a ton. For the reliability of these divergences, I can't really say they work all the time, but they are a comforting tool for confirming the price action. I will have to do many more trades to make this a more valid statement, but for now, I will put my trust into them.
In conclusion, I think that further retracement and ultimately reaching the horizontal support around 325 is possible. For now, I have closed my long position and will wait what the market will do. There is still a tremendous opportunity for XVG to go up.
I hope this was informative, and please let me know your thoughts!
Maurits
XVG good entry position XVG forms a big triangle pattern. Moves to the support line of the triangle.
