XVGBTC trade ideas
XVG, long term down trend brokenLong term 3 year downtrend from 5/8/18 broken and we're above kissing 2019 resistance.. Will the bulls show up here to give this XVG another pump?
Lots of emotion and trapped money on this coin. Historically this has been a fairly hype driven coin, i don't keep up with the fundamentals on this one, but looks to me that its coming to a decision point that will decide market direction for the next 6-10 months.
Verge (XVG)/Bitcoin (BTC) Monthly chart analysis. This monthly chart analysis of Verge requested on Twitter. It's been a painful one for Verge holders as Verge is one of the better known pump and dumps. HOWEVER, a lot remains to be seen and there could be relief on the way... if you are willing to be patient. There's good news and bad news.
The good news: Verge is essentially bottomed out... after a long 3 year downtrend, XVG has seemingly broken out of a wedge pattern in March.. although the formation began in April 2019. Not only that, the formation has formed a double bottom, and looks to be headed to a nice big cup and handle. But that is way too far away to determine.
The bad news: After a successful breakout of the wedge, this months candle seems to be bogged down by bearish pressure. However, we still have a few days to go. The RSI jumped upwards a fair amount for such a small price movement, that I would not be surprise if it breaks to the downside to form another bottom and wind up another round of bullish pressure. We MUST wait and see what the next monthly candle looks like before we can make a determination.
Best case scenario: This month closes out with bulls winning over the candle to continue the uptrend.. The RSI doesn't go too high.
Worst case scenario: The bears win the month, and unfortunately head for yet another bottom. On the bright side... a triple bottom can only be an indicator for a nice strong trend reversal.
In my opinion: Because of where the price is in comparison to the last 4 years... if you are going to accumulate Verge, now is the time. Losses will be minimal. I will stay neutral until we can confirm.
Possible Inverse Head&Shoulders 4H #VergeFam #XVG $XVGPossible Inverse Head & Shoulders.
If true, after breaking 97 SAT should send us to 128 SAT level.
If we break the 128 SAT resistance zone, expect 190's soon after.
Always pay attention to what Bitcoin is doing.
Not financial Advice.
Good luck Traders/HODLers
Bane
XVG is poised for April Altcoin Season - $0.05 is comingVoyager has XVG trading enabled. All the OGs know. Dogecoin Dark needs to catch up to Dogecoin. We know that this is not a protocol or DeFi coin and privacy coins are doing bad as of late but volume is quite impressive. Binance market makers should put this up and make this a hot futures commodity like they did STMX. Voyager has STMX and XVG. With BTC stable above $50k, XVG looks really good on the weekly with MACD converging and coming above the histogram. We also have a golden cross on the daily. Short term target is $0.05 as it rises against BTC. I will take profit after 100% gains in fiat value.
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How to make the most from Altseason! explaining the logic Hi guys, here I decided to make a quick short video of my logic on the targets.
Sell on resistance levels, but not all of them!
And re-buy on support level. (There will be always 30-40% drop as mentioned in our spreadsheet)
Remember it is risky to zigzag on alt-season. If you are beginner, it is better for you to just Hold.
We exit altseason: 1st of April 2021. Then hold it into BTC or ETH all the way until July/August 2021.
Minimum hit for altcoins 10x. If you do not get 10x in altseason, never trade crypto.