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XVGUSD trade ideas

XVG/USD consolidation still on goingHello, As the cryptos get purged Verge get purge too... For a long term investor this is the opportunity to come in the market at good price. I dont expect an unrealistic big bounce for verge in the coming weeks but we are currently sitting on two supports lines. One orange that could represent the bottom of a bullish channel and the blue which represent the bottom of the consolidation pattern. As the price are going lower, so it is for the volumes == This is a long position for me at this price. Have a good day and dont panic :)
XLong
by Thuerryb
Verge: Possible 23% gain on a 2 day long positions3.amazonaws.com Full disclosure, I have been learning/analyzing/trading/correcting for only about a month now and think its time to share some of my ideas. Feel free to add any thoughts of your own to mine, and also critique and be a devils advocate to my ideas. That's only going to create more ideas for both myself and you for the future. All love here After seeing bitcoin drop this morning to our (@eball8 give this man a follow) target of about 9k. I knew there is going to be a snap back towards the 55 EMA for a short period of time. Since bitcoin seems to control 99 percent of the rest of the market it "should" be a good time to place a long trade for a short term swing. Verge has a lot of promise! 1.) I pay attention to the 3 hr time frame the most when looking at the 55 EMA for swing trades. First indicator I saw was the support line at price .059. It seems to have hit the same support as it did on 1/17. 2.) Every time verge has pulled away from the 55 EMA, the bulls have made some type of attempt to cross the 55. I don't see the bulls breaking through the 55 and winning, but suspect a solid attempt. 3.) Also, looking at higher time frames (1 day, 10 hr) the stoch RSI is showing extremely over sold conditions which means some type of uptrend will be happening. 4.) Finally, in light of bitcoin looking like it will take a short 2 day uptrend from 9k, verge could make an attempt of crossing the 55 EMA once again. This is where I am targeting my exit point. I bought in at .059 cents (639 satoshi) and will sell around the 55 crossover attempt. This should happen within about 2 days or maybe less. I suspect bitcoin to make a double bottom here soon, therefore will be taking profit as this analysis plays out.
XLong
by XBTCope
Verge Log Perspective May Blow Your MindWow. Holy cow. Guys, this may be my longest post of the day. SO MANY things to say here. First off, we all know how much of a pain in the ass Verge is. But MAN will it be worth it. Many people have lost money on this coin, but guys I'm pretty confident that it will come back. It's just a matter of time. So what I did here was just take the log perspective of Verge's wave count through the weekly chart. And I am AMAZED. This is truly nuts. If we look here, this is a pretty easy wave count. We see that Verge is actually "channeling" logarithmically and following these trend lines pretty nicely. We're reaching certain levels in on RSI where we have an immense amount of support. And even though we could potentially correct for a few more weeks, what we have in store is going to be crazy. So we see our support levels and zones on RSI, but notice the bullishness in weekly volume. Such a beautiful downtrend. But with the decrease in volume, it shows that there is really no fundamental catalyst continuing to drive down the price. It's simply just taking a break! So, I believe we are still on wave 3 here for Verge. And the green lines are our targets. The crazy part is how the top of the trend line would take us near the $1.22 target that a placed on the last Verge post, from doing some crazy Lumen slope extrapolation thing (I may copy it onto this post just so you all see what I'm talking about). Lets also take a look at the 21 Weekly EMA. All we're doing is bouncing off of that, like we have in the past! This reminds me SO MUCH of Cardano and Lumen guys i tell you!! Do NOT be surprised if Verge gets over $1. I think what we may see here is a target of $1.18 and then a pretty drastic drop to either the target 1 or target 2 line. From there we could possibly correct for months until we reach this support line. Is $3 possible for Verge? Maybe in 2019! Even with the price being so low, I'm really excited. Everything that I've seen being possible with this coin is STILL possible. Only the more that I look at these charts and study them differently, the more confirmation that I get. A few more updates to come with what is going on in the short-term. I think our correction is nearly done! Reminder, this is a weekly chart. These targets most certainly won't happen over night.
XLong
by Elijah_Trading
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