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XVGBTC trade ideas

XVG/BTC time to decideOk everyone. Looks like verge is trying a small correction after an incredible run. The daily RSI is showing is still showing oversold. Todays candle seems like a doji at this point which means is a reversal. there is also a great support on the fib level to hold the price above 1100 sats. But we have to see how the day ends. On the fundamental side we have 2 major news. One Tokenpay (the major donater for the croudfund campain) announced that it is not the partner for the upcoming big news. Two the partner will use verge as their preferred system of payment. For me I love verge and what they are all about but there is great risk in building up too much anticipation among your investors. The late release of Wraith protocol can be a good example of this. It had the potential to take verge to bigger higher highs, but was released later than announced which diminished its effect in a negative way. That is why I really believe that this upcoming partnership news is really big. I don't think the team will do the same mistake of building false anticipation for Verge again. So that is my two cents in the subject. Hope it helps to clear the minds a little bit more about Verge. Good Luck,
Long
by rakimala
4
XVG - Last few days before the major announcement!As the title states, we have a couple of days left before the big announcement. The market seems to be trending towards the bullish side with the start of ALT rising, followed by bitcoin with the last few hours. This will definitely push XVG's prices up alot more prior to the major announcement. XVG has been consolidating within the price range of 1100-1300 sats. The sell pressure is decreasing with each passing hour, and is even stablized against BTC's rise (although it did dip during BTC's rise but it was able to almost completely recover back to 1,200 sats range. Moving on the graph, XVG has retraced roughly 50% just like it did in most of its previous runup. This is why I do believe that it is nearing its completion of the sell off phase from this runup. We might see it move sideway for a day or so before it takes off. RSI has retraced from overbought and is currently hoovering at mid 50%. The rejection at the low 1000 sats indicates that there are still more buyers vs sellers. and that verge is not done with its runup just yet. ALthough the time frame that I am looking at is showing bearish divergence on the MACD, the lower time frames (15mins,30mins,1hr, etc) are all starting to show bullish divergence. MACD is a delayed indicator so the bullish divergence would take some time before moving onward to the higher time frames. Anyways, my first TP is roughly within the 1700sats range. I do believe that we will blow right through this given how bullish Verge has been from the announcement hype + the early bull market reversal that most ALT + BTC are showing. My second TP is roughly 2300 sats. This is not investment advice, this is just my take on Verge's chart. Happy investing all!
by mistahtom
4
VergeBTC Surfing a W4 Pullback Buy SetupVerge/Bitcoin, 240 minute bars, 041118, 10:11 p.m., EST. Fast post: Hello traders, it appears that Verge is on the verge of completing a Wave (4) of lower degree pullback. This is not a particularly high confidence wave count, it is a decent pattern trace If true, there would then be two more rallies remaining. We would see a Wave (5) of bigger Wave 3, then a retracement to within the current W3 to W4 area, then one possibly one more high, if this analysis are correct. Note that this apparent correction down could still become a zigzag pattern that pushes below the lower triangle threshold line I have drawn, and still be a W4 pullback, thus still bullish Situation: 1. A valid breakout up out of this triangle would likely occur at 0.00001270. 2. First target at 0.00001497 area, 3. Second target at 0.00001594. 4. After this up move, a larger degree Wave (4) pullback into the current W4 area is likely. This shoud be followed by one more wave up to complete the 5 wave sequence and a larger degree top, labeled 1, in black font. This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you, for your risk and your liability alone. PAST TRADE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING CAN BE VERY RISKY, WITH THE POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES. Be safe and enjoy yourself. Make it a great day! Michael Mansfield CIO,
by UnknownUnicorn1613901
XVG predictionsAfter Last night's BTC spike ruined my TA it can be seen that the price bounced well at 1110, below that 1060 showed support earlier in April. There is a possible pennant forming that should break out around 0700 on the 14th (AEST/+10GMT). If this is is correct we can hopefully see support raised to 1200sats moving forward over the weekend. This could be great for the lead up to XVG announcement on the 17th, but by the same token can also throw the whole thing into disarray depending on market players. Of course, as demonstrated by the BTC spike, this is all very subject to change. I am very new to this so please feel free to comment, I welcome suggestions and corrections.
by andrewmurray86
3
XVGBTC Pullback then 16-1800Hello all! I have been in and out of this since I learned about it and one thing I noticed is that XVGBTC really likes to run and then catch up with itself. SO- The bull flag as I have posted before is a CONTINUATION PATTERN. The bull flag is waving again here. The last time we had a meaningful pullback ( or last few) we punched all the way through a fib level ( denoted in color here) in one run, then had a blowoff ( long wick is a sing to get out on hourly 4 hr or daily) then we had sideways move and roughly a 300 sat pullback consolidation. Today I did not think anything different was going to happen. It was hard to sit out all day while price went up and Magic Poop did analysis BUT, patience is key in trading. I think the pullback will land in the purple puddle, or it will just take off from here, who knows? The RSI is in a downtrend, volume not confirming the move up, and most of the usually stuff I talk about ( marked in purple) I will post the same chart pulled out to a wider view so you can see direction clearer. Remember this is not trade advice. I post patterns I like and try to learn from these later to see how it played out.
Long
by orbsatchel
11
XVG Verge Short Term IdeaVerge is looking very strong in the lead up to an anticipated announcement on the 17th. During retracements in this run on the 4hr chart its been bouncing off the 20ema and 50.00 on the RSI Buy range - 1100 - 1200 sats, I will be looking to buy when RSI hits 50.00 on the 4hr chart Stop loss will be set at 1090. Targets (previous resistance/support/fib levels) - 1600 1950 I will look to take profit at first target, and then near the second prior to the announcement. Don't see XVG slowing down before then.
Long
by Torana75
XVG Consolidation PeriodAlright so I've been creeping on this site for a while now making my own charts and observing all of your posts as well and decided its time to start posting my own ideas! As we can see we have been in a rocking uptrend here and it looks like we have entered into another section of consolidation. If we continue on like I think we will, we will touch the bottom of the trend here around the night of the 12th or morning of the 13th before we continue on our trend upward. If I were to play this game I would look for entry around the 1140-1160 marks. This is not investment advice. Let's see how this plays out!! Help me get better here and give me some advice if you have any!
by Milo33
Verge broke above the 1000 SatoshiCoin of the day is Verge. Verge is the privacy-oriented coin, aiming to take its place among big coins like Monero and Dash in the future. The coin recently went through the hype about the 51% attack. Discussion started on the 4-th of April, from the post of one of the representatives of the big mining pool on the bitcointalk forum. Nonetheless, the coin price showed a limited reaction to the negativity due to Attack. The team reacted fast and assured that they did fix the vulnerability of the system, and the amount of illegally mined coins will not have any influence on the price. Stolen coins, still, will be left for the attackers. Many Verge holders attributed the events to media attacks in anticipation of the promised revelation of the mystery partner on April 16. A tweet from the CEO of TokenPay on April 8 revealed that TokenPay is most probably the mystery partner and had a vision for the collaboration saying “meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that TPAY and XVG debit cards are likely coming soon.” Technicals From the technical view, the coin showed a sustainable growth, and after modest correction caused by the news about the Attack went above the 0.00001 level. Now XVBTC trading in the lateral correction, holds above the weekly Bullish Trend Line. Short-term target from the upside will be 0.0000135 level and 0.000015 resistance afterward. From the below, the Bullish Trend Line and 0.00001 level should play a supportive role.
Long
by DestinationMoonCrypto
XVGBTC Continuation PatternSee related idea below for more context and market overview. Two possible bullish continuation patterns are emerging, including a bullish pennant and a descending triangle. With StochRSI oversold (and careening towards a reset) and Ichimoku signalling short- to intermediate-term bullish conditions, one expects to see a breakout from the current level towards the local high 0.00001350 for a brief consolidation en route to TP3 at 0.00001534 (from linked chart). SL moved up to 0.0001138 to lock in profits from original entry at 0.00000939. If the pennant/triangle breaks down the retrace should find support on the 50MA.
Long
by Safori