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XVGUSD trade ideas

Verge caution!Comparing the actual ADX with the past we see a similar event; namely the crossing of the momentum-line and the DI+ - line. In the past only a few days after this happened the trend turned and Verge fell. With RSI nearly in the overbought-zone it is probable that we´ll see a change in trend this time too. Perhaps the price climbs up some more dollars before it falls down. I´ve drawn a possible movement. I recommend to take some profits on this level; at least when Verge is breaking the support at 0.075$ (fib retracement 23.6%). You do your trades on your own risks!
XShort
by Luettis
Verge XVG - Do or Die! - Can It Follow XRP's Heights?Unless you've been chained in the basement by your psycho ex-wife or partying with John McAfee on the dark-side-of-the-moon, then I don't need to tell you about the upcoming XVG announcement. I've personally been a long-time proponent of Verge. The developers have been working very hard on this project over the years. Have they jacked up at times? Sure. But I always counter the naysayers with, always remember, "The man in the ring." Crypto and block-chain are just like most serious trail-blazing endeavors, things need to be proven with trial-by-fire. I'm running on a little here because the story of Verge right now really isn't about technical analysis. It's about the reckoning. This is Do-or-Die time for Verge. The community is one of the best in Crypto. The community has MASSIVE trust in the project. The community stepped up to the crowd-funding call. The community came rushing all-in with blind-faith on the announcement for the developers. Well, the announcement is on Tuesday. Verge will be either become one of the most accomplished and adopted cryptos with no end in sight, or it will be crushed like a lipstick stained cigarette butt into a cracked sidewalk and forgotten. So what's my XRP reference about? XRP has a very similar community, but I don't believe it's as strong. Ripple's just over 39 billion coins. Verge is just under 15 billion. Ripple was trading at .20¢ coming into December 2017. Verge is currently treading under .10¢. Ripple's community reacted to the Coinbase news and pushed XRP to damn near $3.50, purely on news of an exchange listing. (XRP is a very strong use case, but it's still developing) If the news coming out about Verge is about an actual and timely global use case, then HOLY SPIT!!! XRP $3.50 / 39 billion vs. possible XVG $XX.00 / 15 billion. I'm all in right now. Will it go bust? Any thing's possible. It all comes down to trust. If the developers deliver, this community will do anything they ask from here on. And, I mean anything! I think it's about the best sure thing we've had in a while. And, I really like sure things... Let's Get Some!
XLong
by Get_Some
5
XVG IDEA (Give feedback)Hey, this is my view on XVG. Could this be a possible scenario? I see a possible cup and handle or head and shoulders pattern forming right now. If either pattern completes we might see a break of the resitance line at 0.09. In short term we need to go down to create the handle or right shoulder. RSI is high and there is room for a drop?? I produce this idea to get feedback. the past 4 months i have been educating myself to read charts and make technical analysis. Please give feedback if this an unrealistic analysis
X
by MathijsR99
1
Verge is Bottoming Out! What's Up Twitter!? (XVG)Hi friends! Congratulations to my Twitter followers, who won this weeks #coinvote, by voting for Verge! So, without further ado, let's get right to it! Looking at the four hour XVG chart, the first thing that stands out is that Verge appears to be forming a long bottoming pattern. After the all time high was made, XVG fell rapidly, and it has been consolidating ever since mid to late January. During this consolidation, XVG has printed some bullish formations on the chart. As you can see, there is a cup and handle pattern (in blue) that Verge has created, and it has already broken out to the upside. Looking at the current action, you can see that XVG rallied out of the cup and handle, but then printed a reversal candle before falling back to the breakout level of the cup and handle. At the moment, we appear to be confirming the cup and handle breakout level as support. You can see that the current candle and the previous candle have both printed wicks that stop at the breakout level. So, this appears to be confirmation of the breakout. However, there could be a larger inverse head and shoulders formation developing. I have highlighted the left shoulder and the head in green, but there is currently no right shoulder, so technically, it is not an inverse head and shoulders pattern, yet. What I'm trying to illustrate, is yes, there is a cup and handle here, and it did break out, but perhaps the breakout will be short lived. If that happens, and XVG drops below the breakout level of the cup and handle, then we could be looking at the development of a larger inverse head and shoulders formation here. Regardless, both scenarios are bullish, so if you're a long term holder, the technical picture of this chart looks constructive. Furthermore, you can see that there has been a golden cross, where the 50 EMA has crossed above the 200 EMA. This symbolizes a positive shift in price movement, and when coupled with other bullish indicators (such as the formations on this chart) it can have significant implications. The important thing to note here, is that larger patterns usually trump smaller patterns inside of them. Therefore, if we don't see much of a continuation rally from the cup and handle breakout, it would be increasingly likely that we would see the formation of the right shoulder of the hypothetical inverse. A breakout above the red resistance line will put the 61.8% retrace in our sights, at about 0.117. I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** -Magic loves you- -JD-
X
by MagicPoopCannon
58
Short term analysis XVGHello, XVG has been pushing on higher price since the rebounce from the bottom of the bullish channel. On a lower time frame, XVG is under a key level, if it can go over the area 0.08/0.09 then a run into 0.2ct will be possible. On the other case, if the price fail to go over the resistance we could go get a support on the moving average. A close look to the OBV indicator show us that the volumes have broken the key level this indicate in most of the case that even if price is still under resistance the volumes are here to push the price over the level. Let's keep an eye on Verge !
XLong
by Thuerryb