XVGBTC trade ideas
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.
Make or break for VERGEXVG is tightening up hard! We will see a move in either direction very soon. The market still has interest in XVG since the latest pump. Though that could be on the short side aswell... A small jump above 830 would pass throgh the 20, 50 and 100 EMA on 1 hr which could give a small boost. Breaking below 730 will give a short signal
Long above: 830, 880, 1000, 1160
Short below: 730
Not trading advice. Let's see!
XVGBTC Bittrex 1D up to 26APR18 Trading Analysis (TA)XVGBTC Bittrex 1D up to 26APR18
1D Chart, also works in 4H, at this time the VERGE (XVG) has been floating on SUPPORT ZONE for a couple of days after RESISTANCE ZONE 1 became into SUPPORT; the 50,100,200 MA indicator already crossed and has been moving into an ascending pattern (Blue Arrows), the RSI (Green Arrows) is moving into an ascending pattern and the MACD is about to cross up (Orange Arrows), if this keeps this way will meet again RESISTANCE ZONE 2 to then move forward, but keep always in mind that also may go down. At this time the Market Cap in hovering the 395 Billions. Good Luck!
1D Chart, también funciona en 4H, en este momento el VERGE (XVG) ha estado flotando en SUPPORT ZONE durante un par de días después de que RESISTANCE ZONE 1 se convirtió en SUPPORT; el indicador MA 50,100,200 ya cruzo y se ha movido hacia un patrón ascendente (Flechas Azules), el RSI (Flechas Verdes) se está moviendo en un patrón ascendente y el MACD está a punto de cruzar hacia arriba (Flechas Naranja), si esto se mantiene de esta manera se encontrará nuevamente con la ZONA DE RESISTENCIA 2 para luego avanzar, pero tenga en cuenta que también puede bajar. En este momento, el Market Cap está rondando los 395 mil millones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
XVG/BTC probably on it the third wave going upit has been awhile since I last posted about Verge. The reason for that is I was a little heartbroken about how the big news was handled by the management. However all indicators at this moment TDM count, rsi, stoch, and elliot waves show that the rise for the third leg of elliot waves is starting. Third leg most usually is the most aggressive leg of all, which has the potential to bring the price to upwards of 2000 sats.
So I suggest a strong buy at the moment,
Good Luck,
Which way will she goYou can see there was 2 support levels. The 1st was broke and the 2nd held at 650 sats. It will either have to break the previous support line to continue up out of the triangle or will get closer to the Apex and continue downward. 730 sats would be clear indicator for buys if it gets past the 1st level.
XVG currently at the golden ratioVerge is currently at the golden fib level 0.65 where usually a bounce back up starts to form the next wave structure.
It is still in a downward channel (the channel got tighter tho after the Mindgeek announcement).
Very exciting to see wether people will buy back in now or if it will drop further to the next fib lvl.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
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