XVGBTC trade ideas
XVG Bullish ScenarioToday, We've seen a parabolic ascent of Verge to 1040 sat. The next sub wave entrancement target seems 800 sat. The Peak of the Third sub wave coincides with the Announcement date where Partnership, iOS app, Ledger wallet integration and ring Ct events would be gradually announced for the desired pump.
XVGBTC a nice Cup&HandleThere were 5 impulse Elliott waves since the end of March. At this moment a nice Cup&Handle was formed. This bullish pattern is enforced by Ichi Cloud state and rising volume. The price went above of BB, hence uptrend should continue. In order to earn profit accurately follow targets one by one.
MACD (12,27), exponential and simple moving averages (10, 20, 30 ,50, 100, 200) and HMA are in bullish state
Safe buy zone is between 0.00000600-650 we recommend to buy around 0.00000650. Targets are presented in the signal that was shared with analysis in the Telegram channel 2 hours ago
VERGE (XVG) NEW CHART PATTERN WOULD 470% - 770% MOON - (L)This is a low risk trade if you use green support line for uptrend as your Safe SL.
NOTE - THIS IDEA WILL BE SUSPENDED IF GREEN LINE BREAK - SHOWN ON CHART ABOVE
This is just an early idea so do not trade 100% based off it, but keep it in mind.
Verge is a phenomenal coin with huge profit potential. It's one of the best anonymous currencies out there with smart contracts releasing later this year which should blow price over top if successful.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Verge, XVG cup and handleHeres a 3 month view using 1h time frame. As you can see, verge is completing a nearly perfect cup and handle.
As a coin forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
RSI is in the oversold teritory.
Next resistance line is coming up at .00000697 then .00000875 Sats.
VERGE (#XVG): Technically too perfect...I know, technically too perfect ... but let's just surprise.
Never invest all your BTC in one or two coins. Diversify your balance with *1/10. Remember to set stop-loss 5% - 7% below of your entry point. Always set a stop-loss at entry point after the price increased. Always sell 30-50% of your investment and set a stop-loss at 5-10% below after reach first target.
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XVG up for another bull run?!We are right now close to previous resistance and we have formed an ascending triangle. Inside the triangle there is a small bull flag (watch closely). MACD ready for a possible bullish cross. Surpassing 680 will be a clear buying signal for me personally. No financial advice.
Have a good one.