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Xvg

XVG still correcting- On monthly time frame the RSI is above its SMA. A slightly bullish scenario. - This could lead us to the upper trendline, so something like ~0.02 - If we see some more momentum building up, for example a bullish diVERGEnce on the RSI, it could continue breaking the upper trendline with a body (not just a wick) (and holding it as support with the following candle(s)). - If momentum is weak or we are simply too early, we could just finalize the ABCDE pattern and visit the lower trendline. ~0.0012 would still be in valid ranges. - If we continue with the pattern, then at some point 2026 - 2029 a breakout to the top would be the most likely outcome according to general technical analytic rules. - If it fails to break out or does even fail to develop a trading channel above key support levels, then everything to the downside is possible. ___ The red dashed lines mark gaps. (Yes, (CME) gaps are also applicable to many other assets...) We have a few gaps below current price, there is a tiny one close to ATH as well. On the 6M time frame is a gap in the making (could confirm tonight) at ~0.0024 which gives us a hint that there is a somewhat higher likelihood to re-visit those levels and close the gap anywhere in the future. (Could be in years, in days, or never...) ___ Non of the above is a trading advice, all of the above might be completely wrong. Nothing is guaranteed. I am not a professional. Use this information for your own research. Do not invest anything which you cannot afford to lose. Have a great day!
X
by TobiasSombrowski
2
XVGUSDT.1DBased on the provided market data, the XVG is currently trading at 0.0069 USDT. The 4-hour indicators suggest a bullish trend, with the Relative Strength Index (RSI) at 75.33, which is above the typically overbought level of 70. This could indicate that the market is currently overbought, and a price correction might be imminent. The Moving Average Convergence Divergence (MACD) is also positive, suggesting a bullish momentum. The daily indicators show a similar trend, with an RSI of 91.92, which is significantly overbought, and a positive MACD. The 7-day indicators, however, show a slightly less bullish trend, with an RSI of 76.31 and a smaller MACD. The current price is below the 4-hour, daily, and 7-day Bollinger Bands upper limit, indicating that the market is not overextended. The fact that the current price is closer to the resistance levels than the support levels suggests a bullish sentiment in the market. However, it's important to note that the RSI is significantly overbought on both 4-hour and daily timeframes, and near the overbought level on a 7-day timeframe. This could suggest that the market is due for a correction, and the price may fall to closer to the support levels in the near future. In conclusion, while the market is showing a strong bullish trend, the overbought RSI levels suggest that a price correction may be imminent. It's important to watch the market closely for any signs of a reversal. As always, it's crucial to use this analysis alongside your own research and consider other factors such as news events and market sentiment before making any trading decisions.
by MarsSignals
XVG ANAALYSIS (12H)XVG seems to have entered a correction from where we wrote "start" on the chart. Now the G wave, which is the last diametric wave, has ended and seems to have entered the bullish wave. By maintaining the green range, it can move towards the targets. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
3
XVG/USDT - Market Alert! 🐻📈 **Recent Highs, Possible Lows**: XVG/USDT is currently at a peak, but signs indicate a potential bearish trend ahead. 📉 💰 **Trade Cautiously**: If you decide to trade, consider using only 3-4% of your funds. Choose between spot or futures based on your preference. 🚀 **Bitxer's Insight**: We're sharing Bitxer's experience with you. Enjoy this free signal, and make informed trading decisions! Remember to exercise caution and conduct your analysis before trading. Good luck! 📊🧐
Short
by Bitxer_PK
3
Verge (XVG) trade set up.Here's my XVG trade set up through January 1st 2024. Verge is one of the nine current cryptos that are ISO 20022 compliant and at the moment is the lowest priced of the nine. I think we are going to see a big move in cryptos moving into the new year, and most people think it will be bearish which automatically makes me think that the exact opposite will actually occur. Once the move gets going those who have missed out on the other 8 coins will FOMO and drive the price of XVG up very quickly.
XLong
by MetaShackle
$XVGBTC on the "verge" of a breakout?This is my view: Bitcoin has been running sideways for a long time and I think people are getting tired Alts are currently retesting support on the multi-year macro trend line. And now, with respect to BITFINEX:XVGBTC , it looks like the end of the downtrend is nigh. BTC dominance looks like it's about to keel over. BTC arguably will not hit an all-time high this year, and when it does next year, it's an ABC correction to the pits of hell. Alts look primed. What do you all think?
Long
by CryptoKaku
3