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Verge

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.
XLong
by CryptoManiac101
13
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
X
by potadahead
Updated Target for legendary XVG short: Bottom found? 1400+ inc?Hello! XVG is juuust about finished with it's 2 month long correction that came in the form of a beautiful falling wedge. However, we are not out of the woods just quite yet. I think we will be rejected in the purple circle. However, disregard this if we break above 560 - at least for your short-term consideration. For the more aggressive traders, 560-580 is close to a confirmed break out - but, 600 is bare minimum for me, as things stand rn. So, I believe we still have to see sub 400. As of right now, my target is 391. Why?! The gorgeous desc scallop that I originally started this trade with targets that. Good luck, #vergefam! #vergezoo Original call:
XShort
by jmC3PO
12
One line chart as a pro? What's going on with XVGQuite strange hah? This guy has a pro account and he is only using one vertical line and even publishes it. Is this guy drunk or does he wants to be funny? No, let me explain you; I see a lot of people who are saying XVG is on it's way to 600% profit! Buy it now! Well mate, bullshit. We don't have any confirmations except one false breakout. Maybe from here we are going for a next run but I don't trade maybe. I want to trade with safety and I want you to earn money instead of losing because some big guys are telling you what they are 'thinking'. Obviously on this part I'm not following any people on telegram or TradingView because I really don't like fake graphs, fake info and fake break out. Let's just catch the third wave, you never buy on the lowest point and if you do you'll lose next time. The third wave gives us the possibility to be in profit AND to pick in on the fifth one. Don't buy verge now, just keep it in your sight, we will wait for a confirmation. Use your own experiences, don't follow any big guys because they're big.
X
by n-cageman
1
VERGE XVG ON 299% - 799% PROFIT - DEPENDS ON BOUNCE AREA - MVerge has been in drop accumulation phase for some time now. All negativity surrounding it is pure FUD and does no damage to this coin since it's simply following it's natural pattern. Expected returns are huge for this coin, current maximum target for out pattern is 2,400 satoshi, however we can stop lower or higher. Further pattern will become visible as we finish up with this one. Privacy coins will become more popular this year and all 'hacks' with 'attacks' are positive things for such coins since developers can fix this issue sooner before we get higher volumes on it and at which FUD news will actually pull price down by a lot more breaking any pattern. We are currently in a good buy zone with STOP LOSS at support line around 510 if you guys want to play it safe. We are actually having several patterns which are huge possibility of playing out within next few weeks. We have a butterfly pattern which has high probability of being followed. We also have a triangular pattern with high resistance levels when we get around 800 levels which can push it down therefor breaking our butterfly pattern, however I see it break it firmly if our butterfly pattern is followed for next week or two. Other patterns are here as well, but I won't go into them as they all have lesser probability of becoming a reality. My take on this coin is that if you want high rewards with medium risk, then get into it for medium to long term. Bitcoin is playing a key role in this and don't be surprised if we suddenly drop below 510 in case BTC drops to $7,100 levels which is still highly uncertain and probable. In addition if we suddenly start mooning, don't surprised as well after such major price retracement it's also huge possibility. Below is just an earlier chart for Verge we have made a few month back on our last trade. 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.
Long
by CryptoManiac101
19
Bitcoin - The Sale Continued, Will it be a fire sale?The chart above is pretty self evident. Short Term stay in cash. I find it interesting that BTC has bounced off of the 365 day MA, will it hold? At this point opening trades on BTC is closer to gambling than trading. I am still long term bullish on BTC but if the Recovery Ascension Line I've drawn is violated and a candle closes below it we are going to 6510 or even perhaps 6001 which is a physiological level last reached in Feb of 2018. At the time as 6100 is approached, I would consider opening a new position if the momentum appears to be waning and the volume has dropped off. Until then I would not consider opening a new position below a close above the 50 day moving average. All of this has an impact on Altcoins of course. I have already added to some of my favorite Altcoins. I had set a buy for Verge at $0.048 and bought a little there but also held on and bought more in the $0.03+ range as well. Everything is on sale right now the question is, how deep will the discounts get? Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter