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XVG BTC Beyond technical analysis + 10 fact's about Verge !Hello everyone and welcome to check beyond technical analysis =) First of all If you reading this LIKE it so that we can get more views and educate more people ! 1. Verge was first launched in 2014 as DogeCoinDark but it had nothing to do with Dogecoin apart from sharing Doge in name, and lots of people do compare those two and think that Verge is a fork from Dogecoin which is a false information ! 2. Verge is open-source project and everyone can view code and importantly improve it, help develop. 3. Verge isn't dead as some people say, it has a huge community of hundreds thousand people. 4. Verge has one of lowest fees to send and on top of that verge is very fast around 30-60 seconds. 5. Verge is offered on over 20 different exchanges. 6. Verge has limited supply with 99.3% already in circulation ! 7. Verge has variety of very good operating wallets for different platforms inc. iOS, Android, Linux, Windows, MacOS. 8. Verge has strategic alliance with companies like Voice-Life. And other to come. 9. Verge is being accepted on +18 websites and 120+ other vendors. 10. Verge price has raised 1700+ % over 1 year (from 03.04.2020). Compared to XRP which only raised 270%, BTC 870%, ETH 1500%. This just shows how strong Verge really is.
XLong
by Coder775
1
XVG BTC is on it's way for next target of 100 to 104 sat | VergeHello everyone, just a quick update as we broke thru 61.8 fibonnaci retracement, now we will be looking towards 100-104 sat area where we have 100% retracement. Also remember that 100 sat is psychological level which may be defended for a while. If we break above it we have a clear path towards 161.8 fibonnaci extension. Also spread a word about verge ! This is more than just a currency, educate people ! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
1
XVGBTC bounce from support, may verge be listed on coinbase? Hi everyone on my next analysis. As I posted previously we have seen resistance at 161.8 FIB at 65 sat and we positively retested previous resistance as support at 52-54 sat from where we had a big gain. I would like to point that this gain is kind of similar to the pattern I saw recently on ANKR before coinbase announcement. Is coinbase buying Verge before announcing adding it to their exchange? there is high chance of that as they were previously fined for market manipulation and move like this wouldn't surprise me at all.. This is something comonly done by big exchanges to get ahead of people to get better price as this kind of announcement are having big effect of coins. This is just speculation, this isn't any news or inside information, I'm just comparing what I have noticed on previously announced coins and buying scheme. Also coinbase was fined for using a BOT to trade for them and I can see similar action being made currently on verge and with that in mind I'm seeing someone accumulating big amound of Vergecurrency before some kind of announcment, what is it going to be? no one know .... I would recommend everyone doing their own research as it is most important think to do before investing in something. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
4
XVGBTC posible resistance at 73-76 satHi everyone in another update to my analysis. As i mentioned before we are in strong uptrend, above previous 2 resistance levels and 100MA which worked perfectly as a support, but we may see potential resistance at 61.8 FIB which is at 73 sat. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
2
XVGBTC need to close weekly above 100MA for more upsideHi everyone and welcome to my next analysis of verge currency to btc. I would like to point that we need to close above 100MA which is at 53 sat to change trend to bullish in long term. As seen on chart 100MA worked as resistance in past and it is really important to close above it. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
XVGBTC low interval volume picking up quickly Hi everyone, today I'm doing unusual analysis on Verge to BTC on 1H interval which indicates nicely that accumulation is in progress at our support (38 sat) . As pointed on chart volume at this levels have skyrocket and now it's taking over sellers. Also we are seeing constant attempt to break higher which may indicate that someone is closely controlling this levels as they in processes of accumulation and they haven't finish yet but soon the breakout may happen. Keep in mind that if someone is using technical analysis and wyckoff waves and accumulation process we may see a drop lower before next move up (this is just one of options that may happen) . This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
1
XVGBTC off lows awaiting volume to confirmHi everyone, just a quick update on XVG verge to BTC pair. As of writing the pair was trading at 41 sat, up 6 sats from lows. After reopening deposits and withdrawals by exchanges we can see that on order book on binance we are seeing additional 500mln verge that came on exchange within 2 days, around 250mln under 100 sat and next 250mln over 100 sat. We need more buying power to get the price higher, as of now what we can see that pair is supported above 32 sat where I would point a strong support. Also pair is trading in consolidation which may indicate that someone is accumulating at this levels. Unless we will break above 54 sat we are still in consolidation with a possibility of dropping to 32 sat to scare people to get out of their position at lose and to accumulate move. This is just one of option. Only break above 54 sat will indicate further upside move. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
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by Coder775
1
XVGBTC Binance finally opened deposits and withdrawalsHi everyone, as you may know binance finally opened deposits and withdrawals of verge currency as a matter of facts I looked at the current volume which indicates that move to the downside is on lowering volume which indicates that this is just correction from last rally. Also what can we see on volume chart that green volume is rising on last dip which also indicates that those levels are well supported. For more info about potential targets look at my previous analysis. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
Verge XVGBTC on defensive at 61.8 fib Hi everyone on my next analysis of verge currency. As I highlighted a couple days ago, that verge may go further to the downside to scare people and so that wales may accumulate more of it. At the time of writing this analysis we have seen a defensive of 61.8 fibonnaci at 39 sat. Also we did see a big gain in volumen when price fell below that level which means that someone doesn't want it to fall lower, which may indicate that this is our strong support for now. But nothing should be taken for granted . From fundamentals, binance has a timer set for 26th to reopen deposits and withdrawals of verge which is a good information, also i think around the same time bittrex will reopen. Verge team announced that it should be soon. After reopening there may be a sale of verge as people will panic sell but that will only affect those who are selling as there is not a single reason to believe that verge is dying or dead. The team is working tirelessly to fix the problems as they occur so that is a good think rather than bad. Just read my quote before making any decision, maybe this will help you make a decision. Patience is the key! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
3
XVGBTC - Verge is on Golden Cross Cup FormationHello dear Traders! I was asked to analyse xvgbtc by the user @Nagat on TradingView in my last BTCUSD analysis comments. I wanted to analyse it tonigt for all of you in a common benefit for every trader. So lets start. The most important signal from the analysis is that we are taking a positive golden cross run alarm from the daily chart of XVGBTC. The 50 days MA is crossing 200 days MA from below means it is positive confirmation for the upcoming bull run and signal of average boost to upper levels soon these week. The second most important thing in the technical view is that we have possible cup formation incoming with the active bull run. This is a possible scene and a common prediction for daily charts to be happen. The road map may not be accurate but this is likely to be happen depending on the btc dominance level in the market. The horizontal lines represent the targets in the drawn chart is 181% max growth to 16% sl. The arrows are showing the higher lows from below as it is also a great signal for the incoming rise. Lastly in the position chart the green and red arrows are representing the alert zones. Your tp levels were given as it will take time and dominance to pullback for verge to move that levels. As we all want and analyse bitcoin dominance chart is going down in the bigger picture this is likely to be happen soon or later. Any of these are not a financial advice as I am not a financial advisor but only an analyst. Feel free to ask your questions in the comments or message me on TradingView as which asset analysis you want to see next?
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by investhubacademy
13
XVGBTC well supported, ready for big gainsHi everyone, just a quick update on what is happening right now on verge. Lets first start with information that some of the exchanges are resuming trading on verge which is great information. Secondly Verge XVG to BTC pair has find a support at it's previous resistance which indicates that we are going further up. Thirdly i would like to mention that cumulative volume is green onboard, which indicates that there is accumulation of whales who are keeping price in one spot before they will make move. Before the rally they may try to scare some of people by pushing price below support level for a short period of time (it's called stop hunting/ margin hunting ) or in other words panic selling. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
XVGBTC on 2 month old support line ! don't miss oportunityHi everyone, another update on XVG verge. As you can see we had a pullback from the resistance, particulary caused by unsucessfull attack on verge blockchain. Well done Verge Team, keep the good work. Okey lets get back to verge and what can we expect from it. As you can see on the chart, we had a pullback to 2 month old support line and also test of 61.8 fibonnaci, which should support the verge from futher falling down, also problems with blockchain attack were resolved and I think the attack could be to scare people from this coin, so that they will sell in panic and someone who was behind this attack can acumulate more. We should be supportive and don't let the panic affect us in any case. As a matter of fact we should support it by spreading the word about a great job of verge team and don't spread the fud. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775
XVGBTC no reason to panic sell ! good time to buy more Hi everyone, this is another update on xvgbtc verge btc, after yestardays problems many people started to panic sell verge, in my opinion now is a good time to get some more, as we had around 30% retracment, we still are holding above trendline and above previous resistance. From the look at current open positions I would say that there is a big accumulation, and that verge is disappering from the markets and with that said there is oportunity for a huge gain as per demand and supply philosophy. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
XLong
by Coder775