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 trade ideas
$XVG #VERGE - Still on a pullback, is over now???Hello Lads and Ladies,
Today we are taking a look at XVGBTC. Initially it has been pumped from 300 satoshi to 1450 satoshi because of an announcement of a partnership with PornHub. Since then it has been in a pretty clear downtrend.
The downtrend has been broken once but the news of Verge getting hacked has put it in a further downtrend. Right now we are at a very strong support of 400 satoshi, this might be the turning point, since it has been confirmed many times before. Nevertheless, you should always take a look at the market and if this market rollercoaster continues a little more down, it might break this support of 400 satoshi and have XVGBTC heading down towards the 300 satoshi line.
From there on the possibility if a bounce back up is very high. The bounces will have the first stop at the 600 satoshi line and if they continue the second stop would be at the 800 satoshi line.
Overall, I believe that buying at 400 satoshi is already a very good price, why I would put 75% in here and leave the rest 25% for the 300 satoshi line, since I believe that is unlikely seeing it.
Looking at the market right now, we had again a beautiful pullback that made me smile. We see further 7% -18% pullbacks through out the whole market. As I have mentioned in my PANIC GUIDE, the first pullback was not the last. Right now, I more and more convinced that we have reached the bottom. Many coins are sitting on the suggested support right now, not like after the first pull back. Therefore, a bounce of a bigger variety is very likely to happen.
As always, stay calm, stay positive and be re buy the coins, you were looking at for quite a while.
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Cheers, Tomas
XVG 1D DEATHCROSS ALERTWhat is a 'Death Cross'
A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. It is so named due to the shape created when charting the activity and its association with a downward market trend. As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market.
Verge has news this monthThere are two reasons why I am bullish here:
a) Bitcoin seems to be bullish! This is the most important one! If Bitcoin decides to just drop hard, then this might be it and XVG might even drop harder.
b) Verge has news this month.
We are at a really low position right now. Verge showed how fast it can move. Still one or two days of sideways movement? Easily possible as it follows Bitcoin. But then again, I'm expecting a bullish trend afterwards. And together with news, this coin has high potential.
The least to expect would be an uptrend until MA200. This alone would mean over 10% plus in Satoshi (plus Bitcoin also raising).
Be aware that trading during sideways can go wrong really badly, really fast. And altcoins during these times have huge risks. It's up to you whether you go in or not and whether you put up stop-losses or not.
325 incoming for XVG?! Short in progress: UpdatedWe dipped below 6mo support thanks to bots/people thinking old bitfinex listing news was new...news, lol.
Our tiny hit-box was breached dead-on almost a month out, yesterday.
Prices to keep an eye on:
506
475
400ish
325 horiz supp
...hopefully Verge doesn't die, lol.
I believe.
Just thinking in morning about xvg (Long)XVG/ Just see if bitcoin going up to 8000 usd, I think its easy to xvg get 550 sat or more.
Remembering that it's not an investment tip, I'm just sharing an idea.
Verge 30 % in 7 Days Wedge Breakout Hello Guys
Today we are looking on XVG/BTC.
XVG will breakout very soon of the falling Wedge
This chart is in log chart
It sits on a long time support line for the first time its holding pretty nice.
If you want to get daily trading signals for Bittrex and Binance check the link below
If you going to buy, might as start now, Chart speaks for itself.
From a TA perspective, VERGE is a buy and simple at that.
If we u ever wanted to buy verge. Now is an epic time to do so.
Enjoy :)
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion