VERGE... what's next?From lasts analysis.
XVG should rise to the green box.
But, it is having some heavy resistances in the way.
What's next?
Comments, views and teachings are welcome!
Good Trade
-CJ-
Verge
Verge ready for nex move? Buy: If we close with a candle above resistance
TP 1: 0.1106
TP 2: 0.1286
As soon as we break out. Resistance can be used as support. So stop below support.
XVGUSD wedge forming on 1 hour candlesWedge forming on the 1 hour candles for XVG. It's been hovering around the 8c mark for a while now and looks poised to make a break. Worth a close watch over the next 8 hours.
As usual, who know's which way it'll go - My prediction is either 1c or moon.
Either way there's still 4 days or so until the "Big announcement", so there'll be plenty of opportunity up and down to make some profit over the next few days.
XVG IDEA (Give feedback)Hey, this is my view on XVG. Could this be a possible scenario? I see a possible cup and handle or head and shoulders pattern forming right now. If either pattern completes we might see a break of the resitance line at 0.09. In short term we need to go down to create the handle or right shoulder. RSI is high and there is room for a drop??
I produce this idea to get feedback. the past 4 months i have been educating myself to read charts and make technical analysis. Please give feedback if this an unrealistic analysis
XVG on a rampage - where are the stop losses?Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement.
First of all, prepare yourself for the typical buy the rumour, sell the news phenomenon. Make sure you have your stop losses set. The 17th of April might be a logic timing for the handle to start forming.
We are currently closing in on the 38,2% retracement level (low to high) or 61,8% if we look at the high to low Fibonacci retracement lines. You can see these levels acting as resistance for the moment. Can we still break through those? I think that is still quite plausible, but the 17th of April will be an exciting day and you'll better put some stop losses during the waves up (put them close to the Fibonaccis.)
So for some logical, for some less experienced maybe not, but do put those stop losses or at least be aware.
The other two fun learnings are how this price movement might be mirrored soon by ICX and Cardano.
ICX will be announcing i) an Initial Coin Offering platform & ii) IISS launch (by April 30th), so this graph might be moving like Verge's but with a two weeks delay?
"ICX to follow Verge's (XVG) momentum? (500% + potential)"
Similarly, Cardano has some announcements coming up by end of April, beginning of May: i) launch testnet; ii) roadmap update.
"Cardano to follow suit on the Verge (XVG) breakout? - 500% + potential"
Conclusion:
XVG momentum is still positive (see upward MACD, no sign yet of any cross), price seems to continue going. We have a by the rumour sell the news event the 17th of April coming closer - this might trigger a profit-taking sell-of. So stop losses should be made accordingly.
Moreover, ICX and Cardano seem to be moving with approximately two weeks in delay in terms of graph movement. Seems like something at least interesting enough to have a look at, don't you think?
XVG Consolidating and Forming a Up TrendThe last drop to 1143 was a strong signal that this correction may be coming to a close. We established a low at 1129 on Binance following about twelve hours later by a higher low at 1143.
We now seem to be forming a new wedge that points to another breakout. It's still early and we may bounce at least once more off of the bottom trend line.
Once we breakout we're going to see resistance at 1232 1320, and major resistance around 1352.
Remember, these are projections based on current chart patterns. ONE investor with a large enough buy or sell can change the pattern.
XVG - Verge Technical AnalysisDear Viewers,
What is Verge, also known as XVG ?
Verge is a decentralized cryptocurrency designed as an enhancement for the standing Bitcoin blockchain. It evolved with the aim of maintaining personal privacy, flaunting the capability of rendering fast and efficient transaction for individuals and cooperate bodies.
The company discloses that it aims at easing transaction for people around the world by “bringing blockchain transactions into everyday life”. Verge is said to grants individuals and businesses the flexibility of receiving and sending liquidities within a twinkle of an eye.
Verge, makes it possible for its users to create instant, anonymous transactions using advanced technology of blockchain built on services like Tor and I2P, which conceals data like IP-addresses and geolocation. Moreover, it functions using ‘Simple Payment Verification’ (SPV), which grants rapid confirmation.
Have You Heard of Wraith Protocol?
Wraith Protocol, launched late 2017, is technology that obscures IP address and blockchain transaction using Tor and stealth address.
It grants users the ability to choose amid running a public and private ledgers transaction on the Blockchain, and such benefit is said to be the first of its kind. In other cryptocurrency, users are not allowed to choose between public or private transaction. The only thing that has ever existed in similitude to this is making transactions private with no further option.
How wraith protocol works ?
Wraith, when switched ON for transaction, it hides data and makes it undetectable through blockchain explorer. Contrary, in situations where a user desire transparency and does not want to go private, the OFF switch on Wraith Protocol would initiate this, and all transaction data would be made visible on the public ledger.
Nevertheless, Verge still delivers the aptitude of total veiling of IP addresses and geolocation even without Wraith protocol, all due to the adoption of the most advanced version of TOR integrated into the Core Wallet.
Conglomerating both to function together make Verge the only uniquely genuine cryptocurrency that is untraceable.
Here is my Technical Analysis.
Now that XVG's correction is done, we are finally finding our selves in a bullish trend line regarding XVG/BTC. X VG's price is up because it's rocking a large partnership & creating a unique privacy cryptocurrency .
But on the downside, XVG also got hacked (it was NOT a 51% attack. It was a hack though, a mining exploit. But it was fixed, handled & forked quickly).
In my TA I used Elliot Waves theory with 5 uptrend waves, followed by a ABC correction, after this correction we should see another rise in price that will bring us head to head to important resistance levels XVG needs to break in order to see a new A.T.H.
Keep an eye on my charts !
Raw_Blitz Out.
Verge Upside potentialVerge (XVG/BTC) has made a strong rally in the last few weeks and is now at the resistance level around 0.000013.
If price goes down from the resistance level we can expect a reaction from the support level around 0.000010.
If price goes down the the aforementioned support it will also break the ascending trendline which could turn out to be a false break since the momentum is bullish.
At the moment it's best to wait until price reaches the support level since it can provide very good buying opportunities and it can easily reach at least the resistance level around 0.000013.
There is also bearish RSI divergence at the moment, which could mean that the bears are taking control, although it's too early to tell.
Good Luck,
CryptoTrendline
Buy Zone still around the 1050 markDowntrend still intact.
Volume too small on last bullish push to indicate a bottom was hit and was quickly forced back into the descending channel.
This is not financial advice :P
XVG Correction - Watch the RSI on the 1 HourDuring this run Verge has been consistently jumping after the RSI drops to 30. We' just touched 40. This doesn't mean that it will continue to drop until we see 30 on the RSI, but if we do that could be a strong signal it's about to end the correction.
XVG Correction - Potential ScenarioFor those of you that have been following my posts on Reddit please realize this is a totally different type of TA and is not as predictable as the short term trend analysis I've been posting. I picked several breakouts in a row this week and I don't want anyone thinking that every pick I make is correct. That's certainly not the case.
Verge has obviously entered into a correction. The question is how much does it correct. First of all, this correction could end at any time and resume an upward trend. But, if it plays out in typical correction fashion the next level of support will be at 1141. If it breaks through that level the next major support is 1044. I don't think it drops below 1044. If it does then we could see a major correction.
This correction could run through Thursday and begin another move up late Thursday into Friday.
If I see anything change I'll post an update.
POSSIBLE WAVE 5 FOR XVGUsing Fibonacci and elliott wave theory here it looks like verge is in wave 5 territory. Targets are based off of a 1:1 extension of wave 3 and also 1.618 extension. This coupled with all of the positive moves the company itself has been showing makes me extremely bullish on this coin right now. This is just my basic analysis of this and some may see it differently but this looks to be a good trading setup for right now. Have a good night everyone and thank you for viewing and thanks in advance for any thumbs up or comments. As always please make sure you do your own research as im not a financial advisor, just here trying to share my thoughts and work together to be successful traders
WHY VERGE IS FLYING? WILL IT MOON UP TO A 1$ ? BIG NEWS!TARGETS ARE SHOWN, MAKE SURE TO GET SOME VERGE BEFORE THE 17th OF APRIL.
It's beyond technical analysis and I guess it's going to hit 2k easily before that date.
www.youtube.com
Bull Flag XVGlooks like we might be forming a bull flag here with around 1180 sats being next nearest support.
XVG WARNINGCuidado con Verge si bien tiene muchos fundamentales que juegan a su favor esta testeando la resistencia de 0.1 y tiene indicadores que dan sobre venta. Un posible escenario seria una corrección hasta los 0.07 para volver a tomar impulso alcista o bien otro escenario seria la ruptura de esa resistencia para seguir con el envión alcista hasta los 0.13 aproximadamente.
#XVG #VERGE Knocking on Heavens Door! Breakout Complete!Blue Skies for Verge! Looking good, as I said we likely would. Markets are turning up!
HINT: ONT (see post in a bit)
#XVG #VERGE Mini Pump? Might Break Through..Looks interesting. If it keeps up momentum, breaks through the 1D Ichimoku Cloud, then it could break the ATH!
Triggered stop loss for me im in cautiously for a couple hours 1189 is the 2618 line for this 5th wave
Verge USD Bittrex entry and exitVerge performs nicely in anticipation of positive news to be announced on the 16/4 or 17/4.
On a 60min chart we can see that the price almost touched to top of the 2nd square. Therefore, I believe a correction to the bottom of the 2nd square is immanent which constitutes a possible entry point around 0.069 USDT.
Afterwards, and only if Bitcoin does not fall any further, a run up to the top of the 3rd square seems plausible where one could exit its position around 0.115 USDT.
Keep in mind that the short-term market trend seems unclear, hence posing higher risks.
