Verge (XVG) Bounces off support (17% Breakout Potential)Hey everyone, as you guys know, the last XVG trade hit my sell stop at 743 and I ended up selling all of it around there. I was still keeping an eye out for XVG, and we now have another opportunity for it to break to the upside.
Trade Signals:
-XVG forming what appears to be an ascending triangle, since it appeared to touch the horizontal line twice on the 30-minute chart.
-RSI holding around 40, sign of bullishness for XVG
-Reached 640 and quickly bounced back up, meaning we still have traders waiting on the sidelines to buy XVG back up.
-It is still altcoin season, so the triangle has a good chance of breaking up
How to trade
If BTC price increases or is stable, this trade can be entered.
Buy in:
Around 740-760 satoshis (Riskier)
During the breakout, around 770-800 satoshi's (safer)
Sell points:
840-850 satoshis
890-900 satoshis (entry+vertical length of the triangle)
Stop loss (If you decide to use one)
- 640-650 satoshis
*I recommend setting a stop loss because XVG is a fast mover. A stop loss can free up your bitcoins for buying the market dips so when the market recovers, you end up with more BTC than if you held the coin. That is only the case if the entire market drops, which is pretty much what happens right now since we lack fiat to altcoin pairs.
Thanks for reading. Good luck on this trade! If you have any concerns or comments, please leave them in the description. It's one way I get better.
Xvgbtclong
XVGBTC30 min - BINANCE
RESISTANCE LINES:
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
SUPPORT LINES:
Blue - 4 Hour support
Green - 30 min
DIRENC CIZGILERI:
Siyah - 1 günlük direnc
Turuncu - 4 saatlik direnc
Kirmizi - 30 dakikalik direnc
DESTEK CIZGILERI:
Mavi - 4 saatlik destek
Yesil - 30 dakikalik destek
.786 Last stand. we are at the 1 wave line right now. we need tobreak between now and 569 watch for a big bounce around 625
Verge (XVG) Bottoming Out (25% profit potential) Signals:
- RSI holding around 40
- Support at 740-780 Satoshi levels
- Symmetrical Triangle (Period of consolidation before price breaks up or down)
How to trade
If BTC can maintain its 8500-9000 range
Buy in:
743 - 780 satoshis
Sell points:
- 860 satoshi range, where previous support and resistance were
- 1000 satoshi range, where there will likely be strong resistance
Stop loss:
- If XVG breaks past down below support of 743 sats (Very safe)
- 660 satoshis, where there will likely be significant support (Risky)
Please criticize my TA's so I can learn from my mistakes. Good luck.
Disecting the B wave recent rip downWave 3 of the 3rd wave cycle is set to start but why geuss the bottom. Wait for a 1-2 move out of this funnel
Verge Is about To Go Up - Easy Money On Day TradingWant to get some easy money on day trading?
Verge has fallen down over 35% on the Daily levels.
But if you look at the 5 minute and 15 minute charts, it looks like a accumulation going on. When it fell down to 8800, there was huge volume followed by an automatic Rally.
When it fell several times after that, the volumes were less and huge buy orders and support at the 8800 - 9000 levels which let us assume that accumulation is going on.
The RSI also shows a hidden bullish divergence. I expect a quick rally to 1100 - 1400 levels. There is huge volatility in this coin and you can easily make 10-20% profits.
XVG needs shades because the future looks Bright XVG is the canary in the coal mine. 1st one to really break. Alot have followed.
XVGBTC Entry: 1190 TP1 1417 TP2 1547Bullish divergence on MACD histogram + RSI .
We are in an obvious bull flag which is a continuation pattern.
Targets/exits based on fib retracement of 894-1354 impulse wave and fib trend-based extension tool.
Invalidated if BTC 0.09% dumps below 6850
SL 1115
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.
XVG will stay Bullish till April 17thThe candles are really attracted to the ichi clouds and is not falling too much behind it (which means price is in consolidation or not much volatility)
HOWEVER, On the 5 min chart, Fib Extension is telling me that we're going to see a new ATH soon.
Also keep in mind that the partnership announcement is still taking place on the 17th of April, so we still have room to grow on this coin.
We are hitting 1500 sats in the next couple of days easy..In my opinion
**Always do your own research and don't depend on me.
Happy trading,
Triggered stop loss for me im in cautiously for a couple hours 1189 is the 2618 line for this 5th wave
XVG this is your chanceXVGBTC is one of the coin in uptrend cycle in this bear market. How strong is the uptrend? It depends on the hype news they would bring in April 17th.
Weekly chart shows it's in the final repetition stage of the uptrend. So "Buy the rumours and sell the news" probably the best advice.
Now it's entering heavy resistance to pass at 1200sats, but nothing is impossible. I predict the top would be at 1800sats. Be prepared for the massive dump.
Xtremely Very Good. XVG is forming a Cup and Handle as a handle for the larger cup which you can trace back from Feb 17.
A cup and handle within a cup and handle is a great sign of a full tank rocket. These 2 cup and handles are filled with coffee to the brim! And this coffee is mixed with rocket fuel.
MACD is looking good, MA are good, everything looks good.
Short term Target is at 1100 sats. If 1100 sats breaks easily, don't sell and wait until Sunerok's partnership announcement.
Remember, XVG will stay bullish until partnership announcement. A good partner will keep this bullish.
XVG SHORTXVG Finishing 5 wave move. Maybe a little more up but it hit my targets in prior post exactly!! Now we move down for a correction.
XvG - RSI nearing 80, MACD crossing, Bull pennant breakout? Just bought it. Let's see how it goes.
Note: still a noob. This looks good though imo