Descending Triangle updated, we are still in it.It looks like, we did not have the momentum to truly breakout.
The triangle pattern is much more obvious now.
Point 3 is the support, Most should be accumulating here, for the expected breakout.
Not to me mention this a favorable reward/risk position.
W is key short term resistance.
Even we drop to X, i expect a decent demand to push price back to point 3.
BTC is still in play.
This will by my last XVG update, until we break out. Whichever direction.
/*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
XVGBTC trade ideas
Sobering reality for all you $XVG Perma-bulls (still GREAT news)Remember: You heard it here first. When every single other person on TV was shouting ATH! RIGHT! NOW!
Suffice to say, if this is truly the course, what a big chance for us to maximize our bags here before blastoff 2.0.
As you can see, mid-Dec was a nearly identical formation that shot up after a desc scallop getting rejected at .382 leading to a 2nd baseline support touchdown.
Now, look at our current setup.
Desc scallop with a Stoch RSI capping/crossover, possible Ichi crossover & bbands turning in - all right as we are approaching .382, again.
This is one reason why I believe we will get rejected at .382 (just like blast off 1.0 did too). However, we could still hit ~1k sats before that. Even a run to .5 or .618 would set up an even more bearish plummet to 2nd baseline touchdown, imo.
Target of 399-571 , which would be a SUPER healthy touchdown before 18,000 sats and/or $1.50-$2 by August.
I've already executed my sell & plan to go all in on target.
Cheers! GL out there!
$xvg #xvg #vergefam #verge
XVG PATTERN FORMATION major altcoins ,including (XVG) extended their recovery in the past weeks, as the cryptocurrency market approached multi-month highs ,we are now at the verge of improving investor sentiments to trading,and by virtue of these the entire market is coming back alive.....dear to make it BY MOVING XVG TO THE MOON,BECAUSE IN CRYPTO SPACE WE ALL RISE BY LIFTING EACH OTHER
Descending Triangle, breakout(17%) - 1024 sats, if ... If breakout fails, have a stop places at 847, however,
if we break down to point B, accumulate even more ,
with a tight stops, as this will be the last time we will be at these prices for a little while.
Watch for stupid BTC, as this might be a false break out.
Look for volume, also
However, If we go below Point 5, then shit went bad.. definitely get out...
/*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
XVGBTCI fixed my middle resistance/ new support line from this morning's picture. Looks to be breaking out of another wedge pattern on the chart. I'm expecting this one to be more explosive to the .12-.14 range. I would be happy with 1100 sats, but definitely looking to capitalize in the short term from this move. I am not a financial advisor, just simply stating what I see in the technicals on the chart.
VERGE (#XVG): A new opportunity to profit? YES!Hi Gyus,
lets's take a look at 4H TF XVG Chart - which is pretty bullish :-). MACD is in good shape, RSI is slightly overbought. Also pay attention to possibility of Ichi Bullish TK Cross and EMA21/50 Golden cross. These indicators predict XVG to growth.
Sell target =pink Fib Retr levels
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Bullish push through channel for Verge?This is only my 3rd posted chat. The first I posted was for XVG right before the breakout. I have no added the fib levels and new trend lines for what appears to be a new bullish channel. We will see if BTC can hold its position and let these alts gain some stream. XVG was ready for a breakout anyway so it might be able to support some weight against BTC anyway. Everything is looking good. Let me know what you think. Thoughts, suggestions, education is always appreciated! Thanks for looking :)
VERGE- the show isn't overSO i'm putting my own bias aside as in the past I lost a lot of $ on verge and I am looking to see what the chart is showing me.
Verge suffered from a classic case of sell the news, lots of drama, bad reputation, etc. This trade isn't for the faint of heart. But I would buy right around now, under 800 satoshis. Preferably in the 750 range or below. next stop....
Target 1: 885
Target 2: 1013
Target 3: 1204
Target 4 : Lambo?
Stop loss: 650
XVG breakout initiated before the broader marketIn the past 24 hours we have seen a miraculous recovery by XVG. I personally didn't think it would recover as well as it did after the Pornhub.com partnership, but the technicals are showing something GREAT. By breaking resistance on that upper channel we are able to see a small breakout to above 900 sats and a perfect retest at 880 sats. My price target is upper 900s or low 1000s. I will buy more XRP when this happens. I am not a financial advisor just simply stating what I see in the technicals.
Verge. Is there a life after Pornhub?Coin of the day is Verge.
Verge team is developing the whole stack of technologies which will help users to protect their privacy in the future. Apart from integrating both i2p and Tor anonymity architectures, Verge also delivers muti-algorithmic mining support that makes it possible for miners that use a wide range of hardware to participate in mining and network maintenance.
Latest events
15 April – statement about Verge and Tokenpay planes: “As many are aware, we contributed 66,500,000 XVG to the Verge crowdfunding campaign in order to secure a major deal for the coin and solidify a strong lifetime partnership that will ultimately benefit both the TPAY and XVG community… the alliance includes co-branded debit card solutions for TPAY and XVG and several planned deep integrations of XVG in to TokenPay platform rollout initiatives.”
17 April - Verge announces a partnership with Pornhub. Major global pornography conglomerate PornHub stated that they will now accept the cryptocurrency Verge as a means of payment. Negative reaction of caused a sell-off of the currency. Nonetheless, there are a lot of believers that such coalition will eventually pay-off greatly for the Verge.
1 May – Bitfinex listing Verge. XVG will be tradable against BTC, ETH, USD, GBP, EURO & JPY. As always, listing on new exchange pushes the price higher.
Technicals
After a drawdown XVGBTC still stays in the bullish bias, though pretty big correctional recession happened. After the crucial announcement, the coin price went down, came back below the 0.00001 level, which was strong support for the starting uptrending cycle. Nonetheless, the fall stopped around the 100-days EMA, and XVGBTC started to draw a rebound pattern, recently the price broke above the Neck Line of the Reverse Head And Shoulders pattern, which favors the beginning of the new bullish cycle. The breakthrough accompanied with a rise in volumes, which shows that the price is looking attractive for investors again. The 0.00001 resistance will be crucial for the future uptrend development, breakthrough above it would be a buying signal. Near-term support is 0.000008 level, which should stay strong to support the Reverse Head And Shoulders formation. 100-days EMA should act as a support for the overall rebound scenario, breakthrough below the 100-days EMA would lead the price into a downtrend.
XVG/BTC Inverted Head and Shoulders UpdateThe Inverted Head and Shoulders I mentioned one or two days ago is on a good way to be confirmed! We got an awesome breakout. I got a great longtrade from 733-805. I expect XVG to cool down to 785 but maybe it just keeps on rising and then I will just HODL until 980.
VERGE: BULL RUN BEGINNING??? - 24 HOURS = 27.02% PROFIT !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 30th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 27.04% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
9 April: Verge reaches a non-binding Non-Binding Verbal Commitment on Partnership, Equity Stake and Product Integrations. Bank notifies intention to offer TokenPay blockchain products to its customers.
10 April: Verge notifies the public that they are working on their own anonymous cryptocurrency exchange called EFIN.
16 April: Verge notifies the world it's partnership of a German Bank via TokenPay.
16 April: Verge notifies the world about it's creation of an escrow service in Romania called TokenEscrow.
16 April: Verge notifies of it's purchase of a Latin American gaming company and it's rebrand to TokenGaming.
17 April: One of the largest global pornography companies in the world, PornHub states that they will now accept the cryptocurrency Verge as a means of payment
18 April: Thousands of users use Verge as payment for Pornhub video streaming services.
27 April: Verge partnership of the German Bank signed. It expects to close it's deal by the end of the week with debit cards via TokenPay expected to be released soon.
(NEW) 1 May: Verge lists on Bitfinex Exchange.
Analysis reveals that the Verge's listing on Bitfinex today has caused a substantial surge in volume. This is consistent with the BREAKING news that Verge has listed on Bitfinex.
XVG done correctingVerge has tipped the golden correction ratio from the Elliott wave structure it was in.
It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure.
Lot of FUD but nothing to worry about ;)
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
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Time to double up, or up we go to 1600satoshi, if....If this is a new bull rally, and BTC does not ruin our parade.
Chart speaks for itself, expect temporary downturn close to 800 Sats, a good idea to start seeing if you can add more .
Be aware of resistance lines, Don't be stupid and do not buy there. Unless you can stand the volatility.
TAKE profits, just look at the previous rally, if you did;t take anything at either Point 3 or 5, you were not doing it right.
Unless, you love to just HODL coins, then you probably should not be reading this chart anyways hehe.
/*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