Legendary XVG Short: UPDATE! - Still further yet to fall?Apologies on the late/no updates! I've been traveling out of state for the last week and will be doing so for another week. Sorta inconvenient timing as far as Legendary XVG Shorts are concerned ;)
I scooped my whole bag up again at 364-366. I can sell now for a nice 4-7% gain, which I'm going to do. However, it could scooch just a bit higher (389-398), so i'll just be laddering out throughout the 80/90s.
I personally see 322 still in the cards. Although it's a rather difficult read right now with BTC doing w/e it wants lol.
We'll just have to wait and see!
Cheers.
Xvg
XVGBTC a good chance to open long positionVerge is one of the top coins, which can demonstrate good growth during 2018. Decrease to Fib 0.786 support level opens opportunity to open long position. Today, most markets are down, many other top coins also provide a good entry opportunity, but first of all we recommend to pay attention to XVG.
Bullish divergence of 4-hour scale can push the market to test the 0.00000725 level within a week.
XVG Holding the LineHello traders! Watching XVG for it to break away from the 0.618 support. This level would be an interesting buy in with a stop below. A run up from here could potentially take us to 900; a less moody bitcoin might be necessary to prompt further movement though. You'll also notice we've hit this RSI level 3 times.
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XVG Nearing crucial SupportThe cryptocurrency market is overall long term bearish until proven otherwise, but many altcoins are hinting at a possible relief bounce as they approach strong support lines, are near the bottoms of channels, are oversold on the daily RSI, and playing within reversal patterns (falling wedges, etc.).
Here is a quick look at XVG, which has retraced 93% from its all time high.
$Verge , $XVG Bull Trap...
Weekly
Looking at our trend timeframe we see price has reached our major support level of 350 satoshis. Stochastic RSI showing momentum continuing towards the downside with no signs fo slowing down. Weekly showing two possible scenarios in this bear market.
Daily
Shifting over to our pattern timeframe we see price is stuck in a very aggressive downtrend and is not showing any clear signs of reversal. Stochastic RSI showing momentum has bottomed out, however price is showing other wise. Expecting XVG to fall towards 100 satoshis by the end of the bear market, If BTC fall towards $3,500 level expect Verge to drop to 100 satoshis
EOS to test previous highEos i think will have another small retrace to the 50% level.
RSI still not oversold
Willy is not being stupid yet
Volume on the low side
MACD yet to form a W
If price can for a W creating some market structure then i will be bullish but for now im looking at a short
As I always tell my group: No ones opinion matters, price will do what price does and to trade at your own risk and always remember to never invest anymore than you willing to lose.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
XVG in the launching pad.would like to remind you im not a financial advisor and that I do not commit to the purchase or the sale and that these analyzes are for informative and / or educational purposes, you are master of your capital and discharge me consequently of what you make of it.
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Use stop loss boys, if we get a red candle under the main support its gonna be hell lol. GL Have fun.
XVG, Oversold With Bull Divs And Potential Bottom- RSI is oversold on the daily (27.8) (RSI not included on the chart above).
- MACD is making higher lows, while price is making lower lows - bullish divergence.
- This bull div is also confirmed on OBV, which you can see here, with multiple ascending trend lines on the lows
- Price recently hit a low of 362 - the last bottom before this was 325, so it seems very close to bottomed out.
Like most alt coins, it is in a descending pattern, not particularly close to breaking out. But if you are looking for bottomed out coins with divs, this is a great candidate. That said, when looking on the daily, these can take a LONG TIME to play out, so I would not necessarily expect instantaneous movement here.
The previous 2 times that XVG showed similar conditions, it pumped for at least 3x.
XVG Triple Fractal TheoryATH to low of 325sats= 85 days followed by 24 day bull leading up to parsnip announcement. Peaked at .618 FIB. Current downtrend at day 76 and looking like possible near-double-bottom scenario. 960sat .618 fib target roughly 20 days later.. Followed by 85 days leading to the apex of the triangle early Oct. AKA BULLSEASON. Breaking out to 1.618 of ATH and 2.618 of recent high.
I give you... "The Triple Fractal Theory".
You heard it here first.
I may be a damn Guru, but I am not financial adviser. Yada yada, legally I'm not responsible for your terrible trades.
XVG/BTC IDEA WITH FIB TIMEZONESThe green vertical fibonacci levels indicate the start of a uptrend.
The red levels indicate the start of a downtrend.
Verge: Still waiting for the signal!As XVG approaches 300, what I believe the target is, we're waiting to see a huge volume spike, then we buy.
XVGI got my first warning for my previous XVG post, we aren't allowed to swear on tradingview, sorry admins but this coin gets on my nerves.
Anyway, here the same post without the curse words! So this should be fine
4 hour candles. Should bounce right around here, a break now would go down to at least 420 and it would be a screaming buy down there
Speaking of 420, you should be smoking a ton of it before buying this coin.
Don't go to their telegram, or go and be amazed. Its like they trained a bunch of retarded monkeys with alzheimer to spam crypto nonsense.
Like my word those guys are a bunch of 'when moon' spamming kids*. I've been there, ran screaming. Attempted to join a second time only to see nothing changed so I left again, never to return.
There is this one thing though, this is the only coin that still gives me FOMO, not because of the descent looking chart (bottom wedge , support, fib) or the horrible community behind it. Just because of a feeling I have about this Sunerok dude and how he could end up surprising a lot of people,
Perhaps it wont be with XVG but I'm going to keep my eye on that dude.
Anyway, my targets for this piece of work are 1549, 1949 eventually 3149 and maxing out at 8249. With a lot of butchering in the middle, people will get slaughtered
Those same people are going to scream for 10K if we hit 8249 so it will probably go on a massive bullrun all the way between 19494 / 24494
XVGUSD another H&S is forming with goal to 24 cent per VergeIF the new Head and Shoulder will be confirmed we will see 24 cent per Verge in next month
Don't Buy XVG until you get the signalFrom a macro viewpoint, why try and guess the bottom just wait for the first spike in volume (see big yellow arrows above) then buy, hold a few days and sell. Simple enough.
Verge (XVG) Ready for breakout?Looks like Verge (XVG) is getting ready to breakout against Bitcoin (BTC).
Take a look at the chart... Please share your opinion on the comment section.
Namaste.
XVG - The big pictureOne of the most controversial cryptos out there. Either you love it, hate it, or are new to the space.
Purely objective analysis of the structure shows remarkable similarity to BTC. The overall retracement is not out of the range of accepting this long term view in my opinion.
The fact that it has so much emotion around it almost ensures some level of success through recognition and loyalty.
Looks like Verge (XVG) Hit BottomLooks like XVG hit bottom.
- TD sequential buy signal.
- MACD bullish divergence.
- Reversal candle yesterday.
- Indicators showing early reversal signals.
- The 4 hours chart is also showing many reversal signals...
Note: These are all early reversal signals
Trade at your own risk.
This is an educational post.
Thanks a lot for reading...
Namaste.
XVGBTC This is only my idea on verge's future. I hope it comes true but I don't really know if I did it right...