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!
Verge
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.
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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***
XVG Verge imminent move!On April 6th 2018 on twitter I tweeted that the bull market was starting to show signs that the bulls were starting to walk faster and I mentioned to look at XVG and OMG as indications. XVG has moved up on the Daily chart and has broken out of it's trading range from the last few months. It broke out and now is retesting that breakout. With the announcement coming on April 17th we could see fireworks providing the partnership is as big as Verge devs say it is. The negativity in the crypto universe is a huge plus for extreme price movements to the upside. This is probably the most polarized crypto I have seen since BCH/BC forks. We are long into this announcement and look for December highs to be hit and this could also turn into a runaway move to the upside.
XVG needs shades because the future looks Bright XVG is the canary in the coal mine. 1st one to really break. Alot have followed.
XVG downward channel forming?Despite some announcements coming, it looks like XVG is forming a downward channel and is following the correction from Elliott wave.
I would wait and see if it will break this new channel upward before we can assume bullish trend again.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
XVG broke down from main channelVerge broke the down from the main channel, following the correction like it should.
The question is: At which fib level will it go up again?
Normally the 0.6 range will do but since it's a pretty bull Elliott wave structure, I assume either 0.3 or 0.5 level, with 0.5 being the most likely one.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
Hard Nose Dive XVG failed the support and took a quick turn for the worst.. or the best if it goes back on the discount shelf. Will keep an eye out on the next support and newly forming patterns
VERGE: PROFIT FROM CRYPTO BOTTOM ALERT? 236.34%Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 8th of March 2018.
Using this buy in point and selling at today's price, you would have expected to net 236.34% PROFIT!!!
XVG is experiencing a whipsawing movement so we do not expect the profit to change very much from the figure identified above.
XVG critical point, will it break down?Elliott wave up had completed and correction is taking place, will it break the channel pattern?
If so it will correct further.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
Will VERGE (XVG) Make That LAST SPIKE and Let Us Earn 15 %?Dear Friends! :)
So there has been some pretty bad FA-News about Verge lately, but will it affect the price now or will we be able to make 15 % on this trade?
We are looking at the 4h XVGBTC Chart! It's pretty easy to recognize what's going on, and what might happen soon OR Not! We have been in this uptrend channel for a long time. And suddenly after some time we see a spike, and then another one!
Will it happen a last time?
We are in an ascending triangle, which is a bullish pattern. A bullish MACD-cross is about to happen, and if we look at the RSI we can see some similarities from earlier.
But we have a lot of resistance above the triangle, which might give us some problems. This is not an easy one!
Let's see, what's gonna happen!
D4 Loves You <4
As always. Thanks for your love and support, guys :)
Video analysis on Verge and CardanoHello Guys, while Verge is a buy, Cardano is really close to be a buy.
I expect to see just a slowdown for Verge and again a new break higher. Before buying Cardano, I would like to see a weekly long white candle
closing much higher than the current one.
See you soon with new trading ideas,
Simone
XVGBTC Entry: 1190 TP1 1417 TP2 1547Bullish divergence on MACD histogram + RSI .
We are in an obvious bull flag which is a continuation pattern.
Targets/exits based on fib retracement of 894-1354 impulse wave and fib trend-based extension tool.
Invalidated if BTC 0.09% dumps below 6850
SL 1115
XVG good buying signal before the BIG news.look for a break out of the this triangle , a huge pump could follow just like the last trade, we are expecting big news about partnership and stuff like that from Verge by the 18th. i am going to short verge on the day news day. i always buy the rumors and sell the news. so i won't be surprised to see a massive dump on this coin after the news.
XVG/BTC time to decideOk everyone. Looks like verge is trying a small correction after an incredible run. The daily RSI is showing is still showing oversold. Todays candle seems like a doji at this point which means is a reversal. there is also a great support on the fib level to hold the price above 1100 sats. But we have to see how the day ends. On the fundamental side we have 2 major news. One Tokenpay (the major donater for the croudfund campain) announced that it is not the partner for the upcoming big news. Two the partner will use verge as their preferred system of payment. For me I love verge and what they are all about but there is great risk in building up too much anticipation among your investors. The late release of Wraith protocol can be a good example of this. It had the potential to take verge to bigger higher highs, but was released later than announced which diminished its effect in a negative way. That is why I really believe that this upcoming partnership news is really big. I don't think the team will do the same mistake of building false anticipation for Verge again.
So that is my two cents in the subject. Hope it helps to clear the minds a little bit more about Verge.
Good Luck,
