$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
✳️ Verge vs Bitcoin After 540% Growth (250% Potential Next)Verge (XVGBTC) grew by 540% in its initial bullish wave, the bullish breakout that marked the end of a multi-year long bear market for this trading pair.
This wave took place between late June and early July.
As is normal and expected a correction followed the massive growth.
A 64% correction, XVGB
XVGBTC requestThey say it's hard to catch a falling knife. Finding predictive trends that show any signs of upward momentum is difficult. However, I have some methods and tools that can give some hope to a lot of downtrend and without needing multiple bottoms to draw trends.
Vertical lines = Change is coming s
✳️ Verge | Bulls Confirmed [12,796%] (Name Your Altcoin #22 ✅)Verge (XVGBTC) is in a good spot, it has been dropping since December 2017 and it is now ready for a major bullish wave, after 4 long years.
First is the weekly chart with the current price action:
Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7
Going to Zero?Technicals:
Taking a look at XVG for a friend and I don't see anything good going for it. At first it looked like it was developing a nice broadening wedge reversal, but it needed to hold above 46 Satoshis.
There's no bullish scenario for XVG without the log-scale, but XVG seems to move logarithmic
XVG/BTC - will there be explosive upside soon?Based of the Prophets indicator suite, a golden pepe appear when there is divergence appears across different indicators like RSI, MACD, MFI, OBV and a custom OSC. A golden pepe is created by combining these 5 divergences.
Back testing this on a Weekly chart for XVG/BTC shows that within 10/11 bars
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.