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Vergeusd

XVG/BTC (Retest 200D MA Dynamic Support?)XVG/BTC -Verge is likely to retest the 200D dynamic support -And the major support area around 50 sat -This is also a confluence of last Fib support level 0.786 -I recommend placing Buy orders only when there are Bullish reactions -Or any potential reversal signs around 50 sat range -This will give extra confirmation that this level is important -The trade idea is buying at the key support area -Ideal stop loss is candle body below 0.786 Fib
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by PolarHusk
1
XNGUSD can make another attempt to breakout the cloudHi guys and gals and welcome to the new update on Verge coin. There are only few hours left in Verge block reward halving. As for now, the block reward is 400 coins per block and after this halving event, it will be decreased to 200 coins per block. This means that the supply will be decreased and for example if that demand will remain the same. Then automatically the balance will be changed and demand will be increased. And as a supply and demand rule of trading the price can be increased. Struggling to breakout the 100 SMA on long term chart: Now if we watch on the weekly chart then after breaking out from the falling wedge pattern. The price action is still struggling to break out the 100 simple moving average. The SMAs on daily chart and expected golden cross: On the daily chart the price action is above all simple moving averages. The 25 simple moving average is moving up to provide the support to the price action. And the most important thing on this chart is that 50 simple moving average is likely to form the golden cross with 200 simple moving average. Once it will be formed then it will become a very strong support for the priceline and a strong bullish signal as well. On The 2 day chart the different support and resistance levels can be seen very clearly. At this time the price action is likely to move down after being rejected from $0.0075 resistance. The XVG has the recent support at the $0.006 and if it will be broken down then it has next support at $0.005. If the price action will break out the $0.0075 resistance then the next resistance will be at $0.0085 and after that we have the big resistance at one cent. The ichimoku cloud on long-term is still bullish: Now I would like to draw attention towards a very powerful bullish gesture by the priceline of Verge currency on the weekly chart. And that is the Ichimoku cloud has turned bullish and the price action is entered in the cloud. At this time XVG is having support of the conversion line and baseline as well. The lagging span has already crossed up the price action and the conversion and base lines as well. Therefore we can expect that after this correction move the price action can start another upward rally to make another attempt for the breakout. Once the cloud will be broken out then it will become a very powerful support for the priceline of XVG coin that will be helpful for the long term bullish rally. Conclusion: On the short-term and midterm the price action of XVG might move more down to re-test the previous support level or at least the 25 simple moving average on the daily chart. However, after the correction rally it can start another strong bullish rally to break out the bearish ichimoku cloud soon.
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by moon333
Don't miss the great buy opportunity in XVGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XVGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 0.00830 TP2= @ 0.00960 TP3= @ 0.01120 TP4= @ 0.01660 TP5= @ 0.02040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤
XLong
by ForecastCity_EU
9
Don't miss the great buy opportunity in XVGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XVGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 0.00830 TP2= @ 0.00960 TP3= @ 0.01120 TP4= @ 0.01660 TP5= @ 0.02040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤
XLong
by ForecastCity
20
Don't miss the great buy opportunity in XVGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00600). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XVGUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 73. Take Profits: TP1= @ 0.00830 TP2= @ 0.00960 TP3= @ 0.01120 TP4= @ 0.01660 TP5= @ 0.02040 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤
XLong
by ForecastCity
18
VERGE - NOT EVERYTHING IS LOST JUST YET - CryptoManiac101VERGE / USD TA Here we are looking at 12H TA for Verge vs USD which does not look overly bearish or bullish just yet and is showing us that upward momentum is highly possible here if we see continuation on BTC charts to the upside in coming weeks. Verge holder needs a break about main resistance zone to become a bull, anything under it still shows us that market makers are nowhere close to becoming bullish on ALTS such as VERGE.
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by CryptoManiac101
4
XVG - WILL IT EVER RISE AGAIN? - CryptoManiac101XVG / USD TA What happened to Verge? Will it ever rise again or did we call it quits on trading it? From looking at this long term 5D TA we see that we are currently following a massive downward channel which actually produced a bear flag already and we are on the second wave down. Strictly looking at historical movement and this one pattern we are working with, it would be easy to conclude that this year Verge will not see revival of any significance as we still haven't even touched our liquidity zone. If you're a bull, you're probably seeing that we are scraping the channel resistance and are anticipating a major breakout, which, YES, can happen according to prior chaotic movements we saw Verge do. Conclusion... If you're looking to enter, I'd caution you to use only around 5% of your total portfolio depending on how big it is. If you're looking at a high risk trade, this is also a good place to start with a small investment. Regardless of the pattern, let's not forget that we did see nearly 4 Million percent profits in 2017. If you've been holding and are wondering if it's time to sell, I'd say wait at this point, since we are at what's called a decision point which might take a month or two longer but might end up being worth it. This is not a financial advice, nor am I your advisor. Invest only what you're willing to straight up loose.
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by CryptoManiac101
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XVGUSD forming a bullish Shark | Upto 18% expectedPriceline of Verge / US Dollar is forming the Shark pattern and soon it will be entered in potential reversal zone to hit the sell target zone insha Allah. Volume profile of complete pattern is showing less interest of traders at PRZ area. Stochastic has given bear cross. MACD is turning weak bullish from strong bullish. This potential reversal zone can be used as stop loss point in case of complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 0.00408210 to 0.00392631 Sell between: 0.00428147 to 0.00465714 Regards, Atif Akbar (moon333)
XLong
by moon333
VERGE - A LOOK AT WHAT IT HOLDS FOR THE FUTURE - CryptoManiac101XVG / USD TA Here we are finally taking a quick look at VERGE with USD pair. Instantly we see that we are following downward channel ones again. It's actually not a bad sign as if we take a look at historical movement, we will see that nearly 100% of the times, Verge produced a mini pump with a strong breakout right around this area. To add to the excitement of an exhausted XVG holder, we are also tracking just around one of our strong support zones. What does that mean? That means that this area of 0.0044 and secondary support of 0.0015 hold the highest chances of a strong bounce as they have previously been tested as demand zones. Quick Q and A! Do I currently hold Verge? No Would I buy Verge at current price? Yes, with tight stop loss. Entering into XVG at current price is low risk since the risk would be just around 2% as we are near strong support line. What are the chance of Verge dropping towards the second support line? If we break current support then I'd say over 60% chance we fall towards secondary demand zone. Would you hold 100% of your portfolio in XVG? Never, I usually recommend around 5% portfolio allocation towards higher risk crypto assets. This is one of them.
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by CryptoManiac101
1