XVGBTC Be Gready when others are fearfulll !! Double bottom!!Hello Traders!
Lets look at XVG 4H chart. There was some FUD and we all was looking at nice selloff.
But suddenly price stoped to drop at 0.618 fib retracement level, which is technical good to do it, and
created a double bottom here. We dropped below 200EMA and if there will be a bounce up,
which I personally belive in, it will our be first resistance.
Verge still is good project with nice partnerships and longterm is ready to give us money.
Look RSI and Stoch RSI, both huge oversold and this is buy signal for us.
Buyzone 0.00000720-0.00000750
I recommend stoploss at 0.00000698 level just little below support.
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I will post update as soon as I will see some movement in right direction.
XVGBTC trade ideas
XVG still in a down trendXVG is currently touching the .618 fib but could possibly fall a little further. MACD and Willy still pointing downwards and OBV showing people are taking their money and running.
If it does crash through the 618 i have bids at the 705 and 786. Id like to see the indicators on the daily looking a bit healthier at a better support level.
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Verge should start to recoverNow that the dust of the announcement has settled, we should start to see some positive movement.
- People that wanted to sell the news have done so now.
- RSI is moving to below 35
- MACD is slowly moving toward a cross.
- We are below the 100 EMA
- Remember, the announcement was a _good_ announcement, so what we are seeing here is just people taking profit.
I would suggest buying between 720 and 700 and selling again once the RSI goes above 65.
It will take about a week to climb back up as people are watching each others.
I don't think we will remain too far of the new 100 EMA, but I don't see us really going much above it either.
A little more dip action followed by a lot of growth.The retracement on the spike up that we had previous to the announcement for several weeks seems to have almost hit .618 levels, so there's a potential...especially with the momentum we have with the MindGeek partnership to board XVG as their only cryptocurrency payment system. XVG was approached by them because of the privacy and security of the currency. A quick Google search of "MindGeek" will show you everything that happened today.
I think there was a lot of fear when the announcement first came out and it caused a lot of panic selling. The announcement (partially because of twitter downtime) we delayed and distributed to in pieces over the course of thirty minutes to an hour...then we suffered massive paper losses as this thing finally came down from the FOMO run.
Honestly, I think as more people read about this partnership and stop believing in all the FUD they see out on Twitter and reddit...they'll realize that the insanely massive exposure to the Verge name alone is worth it to us holders, let alone an endorsement. They ended up selecting Verge as their currency to enter the crypto market with. WIth hundreds of millions of users daily, international presence, SEO expertise, etc, etc, etc...This should be a great way to potentially introduce a lot of people that don't know about Verge to it and even be able to convince people that it is their most secure/private/anonymous option out there for these kinds of transactions!
Could write a book on all the media coverage from today (PCMag, Yahoo, Forbes, Fortune, Business Insider, Mashable, The Verge, a tons more)
Hold tight, maybe a slight dip down further but I'm expecting a rally from there and some ATH coming up in May
[Cryptosfeels] The future is now, OLDMAN. XVG/BTCyoutu.be
Days and days mining poor gtx1060,but now everything makes sense, everything is brighter and even my bread is more crispy.
Since we can leave our parents' visa and pay our pleasure with xvg.
Now we are facing a point of purchase with a solid supp 876 next soft sup 825 and continue climbing.
if it breaks, cut 745 and touch 695 to go up slowly
I will personally buy xvg, but not to trade ....
XVG Cautionafter the recent announcement XVG has been trying to hold the 900-1000 mark however it appears to be losing this battle. we have what appears to be a descending triangle patter on the 15 chart. If we follow this pattern we should see a break in the bottom trend line (shown in blue). Using the red line as our marker that should place that break down at around 194 points (give or take). USE CAUTION with any upcoming trades here as there is no guarantee what way this coin will turn