XVG - Pump, then Dump!This is an updated version of my previous chart for Verge. The .786 Fib Retracement line along with the long term upward trend line suggests where this price is expected to land. I do not expect price to go above the current highs and will slowly retrace back down to these levels.
Verge
XVG - Bye the hype, sell the news!Verge (XVG) just made their "huge" announcement (with PornHub). I'm expecting this to be a classic example of buy the hype and sell the news with a retracement to at least the .786 Fib retracement line.
In addition many people have not yet heard about the 51% attack news that out on April 5th. The development and leadership team is incredibly incompetent and this will eventually be factored into the price of XVG but has probably been overshadowed by all they hype building up to this announcement. I've posted a link with details to the 51% attack for reference.
www.reddit.com
XVG MOVING AVERAGESshould be an interesting week for Verge.
shakeout, breakout or takeout?
so far well above MAs and recent support.
Vege showing signs of coming back.Porn has made industries and killed others. The history is that industry follows porn. Get in now and sit tight for big gains in the coming weeks/months if you can stand to sit on a crypto that long it's a good play.
VERGE (XVG) HODLERS - IT'S NOT OVER JUST YET - HThis is a High Risk trade for many reasons, two of those reasons being - 1. High Volatility 2. Poor Team
Many of you got 'screwed' by Verge, but after doing a detailed analysis of Verge chart and indicators, we are here to let you know that it's not over yet. That related to short term and medium term holders who have the most to lose.
Please look at chart carefully and if you're in Verge or want to enter in it, have Stop Losses set at purple line, IF low risk traders and have Stop Losses set within the red demand zone, IF high risk - high reward type trader.
Also, don't underestimate the current partnership that Verge has, although it's not what we all expected or envisioned for Verge. It's a step forward for the company and it's nice to see them making progress, even if it's not PG-13
Just FYI, I am not mentioning the name of the company because I believe it would go against tradingview's rules.
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.
XVG partner reveal MINDGEEKXVG official partner reveal turned out to be Mindgeek!
Mindgeek is a privately held company headquartered in Luxemburg operating from Canada.
It's main focus is internet pornography incl. video sharing services like Pornhub, RedTube and YouPorn.
As well as film production companies like Brazzers, Digitalplayground, Men.com, Reality Kings and Sean Cody among others.
What will this do for Verge and crypto in general?
We will have to see but since a lot of money is going into porn I assume this will raise price of Verge and spread worldwide marketing for Verge as well as crypto currency in general.
As for short term price action indication I have no idea yet.
"The future has cum" lets see where it will take us
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
Verge will announce partnership details todayCoin of the day is Verge.
Verge is the privacy-oriented coin, one of the hottest coins in last two months. Verge team is developing the whole stack of technologies which will help users to protect their privacy in the future. Apart from integrating both i2p and Tor anonymity architectures, Verge also delivers muti-algorithmic mining support that makes it possible for miners that use a wide range of hardware to participate in mining and network maintenance.
Recent news
The coin recently went through the hype about the 51% attack. Discussion started on the 4-th of April, from the post of one of the representatives of the big mining pool on the bitcointalk forum. XVG price showed a limited reaction to the negativity due to Attack. The team reacted fast and assured that they did fix the vulnerability of the system, and the amount of illegally mined coins will not have any influence on the price. Stolen coins, still, will be left for the attackers. Many Verge holders attributed the events to media attacks in anticipation of the promised revelation of the mystery partner on April 17.
A tweet from the CEO of TokenPay on April 8 revealed that TokenPay is most probably the mystery partner and had a vision for the collaboration saying “meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that TPAY and XVG debit cards are likely coming soon.”
In the recent post on Medium Verge team announces official press release on 10 am EST April 17 (14:00 UTC April 17).
Quote from the post on Medium: "This partner owns one of the largest payment processors on the internet with several hundreds of businesses routing their payment traffic through them. The partner is going to be supporting Verge Currency by rolling out a global marketing campaign with continuous marketing effort throughout the year."
Technicals
Yesterday the coin bottomed at the 0.00001 level, confirming it's supportive power After touching the 0.00001 level XVGBTC went upwards, allegedly as a reaction on published by team post on Medium. Nonetheless, the coin did not manage to break above the recent peak at 0.0000135 and now trading slightly below this level. Today announcement will bring high volatility to the market and possible bullish rally. The breakthrough of high at the 0.00001443 will be a signal to buy. 0.00001 level should play a supportive role in the growth scenario.
XVG final drop before announcementVerge broke out of the downward channel and is forming a new Elliott wave structure, the correction from the last bull run (wave 1) is taking place and will meet at the bottom with today's Verge announcement (GREEN VERTICAL BAR).
After the Verge announcement, price will prob. increase more then usual. and start a big second wave.
Potential last buy area: 1240 till 1200 range.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
VERGE: CRYPTO BOTTOM SIGNAL = 303.95% PROFIT!!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 7th of March 2018.
Using this buy in point and selling at today's peak price, you would have expected to net an AMAZING 303.95% PROFIT!!!
Lack of news has caused significant declines in Verge's price over the past couple of months.
But news of a MAJOR potential partnership announced to be released on the 17th April, has increased buying activity which has forced XVG up more than 30% in a single day!
VERGE: LESS THAN 24 HOURS = 23.06% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 16th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 23.06% PROFIT!!!
The increase in price may also be explained by positive developments including:
1. Announcement of a major partnership set for 17th April (with original speculation being the release of Verge debit cards in association with TokenPay)
Analysis using the Crypto Bull/Bear Signal suggests the move may be in line with an increase in buying activity as a result of the impending news. A pullback is also expected as the crypto seems overbought.
UPDATE XVG MARCH 28TH IDEA - IS TARGET 3 IN SIGHT?UPDATE XVG MARCH 28TH IDEA - IS TARGET 3 IN SIGHT?
Just shy by 29 stats towards reaching target 2 but lets mark that in the victory column. Look for XVG to cool off in the next 2 days. I'm hoping the STOCH RSI will keep Verge up as the MACD brings it back down to above 1100 stats as the next buy-in. Stop loss would be at 1054 stats. Look for another rough cup and handle pattern to form before confirming a target 3 scenario.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
50/50XVG heading towards the First stop (.382), There is where the bulls and bears with have their fight. Histogram making a W but still potential divergence, Willy EMA heading into the oversold territory, 200 MA most likely to meet up at the 50 gann level. This currently is a wait and watch for me.
Don't forget to hit the like button or follow me on Trading View for more chart analysis.
It's hard to deny.Verge is looking strong on the back of it's partnership news. Looking at the longer time frames, we should be going up significantly. Short term it's pretty hard to tell were we will land. Going long for the week.
XVGUSDT in position among Stars TP 1 = 0.10000000 - 0.10160000
TP 2 = 0.10649990
Bat pattern confirmed.
Tenkan and Kijun crossed.
XVG bullish but still within downward channelVerge just got a big spike up but got rejected at the top edge of the downward channel.
Will it drop back down for buy ins before the announcement or will it break out of the downward channel and resume bullishness all the way throughout the announcement?
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
Verge caution!Comparing the actual ADX with the past we see a similar event; namely the crossing of the momentum-line and the DI+ - line. In the past only a few days after this happened the trend turned and Verge fell.
With RSI nearly in the overbought-zone it is probable that we´ll see a change in trend this time too.
Perhaps the price climbs up some more dollars before it falls down. I´ve drawn a possible movement.
I recommend to take some profits on this level; at least when Verge is breaking the support at 0.075$ (fib retracement 23.6%).
You do your trades on your own risks!
XVG droppin till announcementXVG keeps droppin within downward channel until announcement April 17th, potential buy order around 960/950 sats?
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
Verge Looking Bearish.Hey, I am back with another Idea.
This time looking again at Verge.
Verge had great run up in past month, there was some hype from the creators of XVG so even that helped but the news is coming out 17. April and as you may know there is a rule "Buy the Hype, Sell the News".
Indicators
MACD shows less and less buyers, blue line will cross signal line - Bearish.
RSI looks great actually bullish on daily but on 4h, 1h, 30 min is just way low, bouncing down from the 50 RSI.
Again, this is just an Idea with my point of view.
For now, thats all.
If this chart gets some attention, I will update, Thanks!
XVG updateXVG Headed towards the 1000 stat range as anticipated. Wave 5 will be depend on how @vergecurrency can live up to expectations.
to help us to grow please follow us
XVG -A better idea: Mr. Elliott and the Ghost of Christmas PastI wanted to update my last XVG analysis with a more thorough idea and a closer look.
The fib levels from the last rally of 2017 have held up pretty well, and have acted as somewhat reliable horizontal support / resistance for Verge.
With that out of the way, I see 3 scenarios that can be played out.
Before I get into them, I want to clarify that I have never held Verge, and haven't looked very far into the coin's fundamentals.
So this analysis is based purely on what I see on the charts, and the hype over a "mysterious partnership" which they are set to reveal on April 17th.
The first scenario (light purple): Megabull!
If you look at the first few waves of the last bull run, they actually look really similar to what we have now. It spanned 3 fib levels, and as of right now this rally has also spanned 3 fib levels. Last time after a brief consolidation (where we are now), Verge defied gravity and had a really big wave. I don't think it's very likely, but with the supposedly good news why can't history repeat itself?
The second scenario (orange): Modest profits ahead
In this scenario, Verge has a little fuel left. If price manages to break above overhead resistance, I could see it easily making its way to the next resistance level . Every upmove so far has been steep, so I would at least expect a double top to form before serious correction can occur.
The third scenario (red): We reached the top for now
This is what my gut tells me is going to happen. Verge will attempt to retest the resistance, but will not be able to close above it, or even reach it. After this, a correction can take form. It would be wise to watch the support levels in blue and see how price reacts to them. If XVG bounces hard and begins breaking resistance again, that's a good sign. If the bounce is modest, or worse, there isn't one, you might want to exit for the time being.
The last scenario (red): You're a sucker!!
I hope no one will get burned here, but there is always the possibility that this was a pump based on unwarranted hype. If this is the case, we should eventually see a hard break of support. Do not even expect a double top to form if that happens. Volume may drop, price may range sideways, and then violent selloff could ensue. This is one of the reasons to set Stop Losses a percent or two below strong support levels. Look for a bullish engulfing candle to determine when adequate support is reached. Practice risk management and don't let yourself get duped too easily!
Alright, there goes. I know a lot of people really like to follow this coin.
Happy trading! :)
***Trade at your own risk, this is a volatile market, with the future unknown***
