XVGUSD trade ideas
Verge (XVG) The bulls are charging! See how it will reach $0.40Pattern: Ascending Triangle
Pattern 101 - Ascending Triangles:
Ascending Triangles are formed by higher lows and a constant resistance at a certain price point. The higher lows signify that Bulls are moving the price higher. As the price pushes against the resistance a surge in volume occurs and a breakout occurs. Usually UP! Extremely bullish pattern!
What to expect?
I expect XVG to follow the trend line and have a bullish breakout to $0.40 +126% gains!). If it falls it will most likely find support (blue lines) at $0.16 and challenge the resistance once again.
Recommended Guidelines to Follow:
Wait for the Break Out
Open your position by following the trend
Set your target limits
** Always set your stop losses when long
I wish you MASSIVE profits on all your trades,
CryptoTA
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Verge First Leg Achieved, Can It Hold?Price currently testing key support. Look price to bounce to the upside or lower.
XVGUSD Continuous grow in next 3 Days could result to break outIf the grow trend will hold it will reach the ATH till 12 January a break out is very probable.
But usually Weekends are the most active time in Crypto Trade and in most cases it results to sell off, exept the bittrex and other big exchanges will resume the registration of new users and this could shot all the crypto prices to the moon. with fresh money.
New users would most possibly first start to invest based on $ prices and charts and less on Bicoin driven charts. In that case XVG is still most cheapest coin in USD/USDT market.
XVG on the dawn of a new SpikeXVG was, along it's fellow friends, going through a though phase lately. This might come to an end according to that old mathematician from 12th century, Fibonacci, or at least a spike.
The price benefited from a long trend without any big surprises. But what is even more interesting is the pattern in place since early December (the start of the rise). The price followed, a part from the trend, a series of spikes that are surprisingly (or not) similar one to the other. Next break might happend on the next Fibo time zone start.
Look out for any sign of rebound during the next Scotch RSI bump. It it follows the previous spikes it could rise quickly, but will also crash quickly right after.
On the longer hand, ignore those spikes and focus on the longer trend which as written on the graph, keep rising without resistance. But don't ignore the whole market who is currently under pressure due to south korean events and media pressure in general.
Analysis done by The Foil
09.01.2018 22:20 CET
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IOTA (MIOTA): Stuck In A ChannelIOTA has been stuck in this channel for about a month. Price is creeping up closer to a strong support level. Looking for price to hit the support line one last time before surging upwards and breaking through resistance.
XVG - be aware, that it likes to drop painfully.XVG has a pretty poor PR, it has a very toxic community driven by emotions. There is everything possible, but this is something that I cannot ignore. This coin has bad past very badly distributed volume. You can more likly switch to more matured project like NEM. For long term verge can be a 1$, but this is risky and from psychology perspective there are some much better coins.
VERGE - 4hr Timeframe - Update on Buy OpportunitiesSimilarly to where the Ripple ( BITSTAMP:XRPUSD ) was a while ago, BITTREX:XVGUSD is in a triangle structure ready to take off for more upside. Estimated target in the 0.42 area.
From this moment on therefore, we will be looking for buy setups, on this cryptocurrency, around the lower trend line of the aforementioned triangle. For a more conservative approach, wait for a first impulse to the upside, wait for a small correction of said impulse on the 60min timeframe, and buy the break of said correction with a stop loss beneath it. However, we must also remember that Cryptocurrencies have proved to move too fast, at times, for conservative trading methods. Pattern is invalidated if price breaks out of the lower trend line of the triangle to the downside
In relation to cryptocurrencies, let us remind all traders that any attempt of forecasting based on wave and structural analysis has to be taken in a very conservative manner, as these financial instruments could not have been traded in the markets for a long enough time to consolidate their structure and make a valid projection possible.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Verge (XVG) +4090% to $8.25 in 13 daysIt's difficult to share this post, as the gains are very high. Please take it with a grain of salt. I am only showing you what the charts show me. I personally lost faith in XVG when the WRAITH PROTOCOL delivery date was missed for the third time. However, keep in mind that the build up to this point is what will make or break this coin.
The interesting part is that we've already touched on the 61% fib retracement line, meaning the correction is complete. Things have just been consolidating and forming a very large bullish flag, or maybe a very tight and extended pennant.
I'll post some immediate updates to show zoomed in versions of this analysis. See below.
VERGE long opportunity Wrath update giving true anonymity to the coin has been released a couple of days later what has made the price cheaper. We are in the best possible place for a buy technically.
Verge (XVG) Breaking out of contracting triangle!! Up and away!!We are finally coming out an extended period of consolidation which took shape in the form of a contracting triangle. With tons of Volume today in the Asia session we broke through the upper trend line of the triangle and hit massive selling pressure with a big spike. Price action has come back down to the break out point for a retest and is finding support! The trend looks to be up, keep in mind a 3rd wave coming out of a triangle can be very extended and go up with little retracement. Buy the dips but if you are in stay in.. I'm using Fibo expansion tools to make projections. Wave 3 is never the shortest and should be at least as long as wave 1. Buy Verge
XVGUSD: mad, sleeping bull ready to attack Seems this one is loading up for an explosion. Long sideways move with pulses to the upside.
Aiming for 0.40, Let's go
Verge (XVG): Elliott Triangle Wave Break OutPrice has broke out of the triangular formation that was formed. The Elliott Triangle Wave (ABCDE) played quite beautifully with this one. Looking for a five count impulse wave upwards to higher highs.
$XVG VergeThe FUD storm has died down. The price has held solid support around 1000sat range +/- 200-400 swings
Wraith Protocol was released with 4.0 within 2017, just not the timezone they twitted.
Everyone can see the developers working on verge 4.0.1 daily on travis CI
The pattern is similar to early December 2017
But things could stay sideways until updates are made and tech is put to the test.
This is not financial advice. Do your own research.
XVG UPDATE ALERT! BEST AND LAST CHANCE POSSIBLY!Hey #suf-Fam
Hope everyone is doing well!
Just wanted to show you what I think and what I see. Remember nothing is 100%.
So what I see is a bullish piercing of the bottom line when the Triangle hit the Orange (e)
VERY BULLISH!
After that I see prices really broke out the triangle convincingly and USUALLY what I notice is prices come back down to test the TOP of the triangle I circled the Area in GREEN it is allows exactly where I have the Smaller blue wave (2).
After price hangs out around this level we should see HIGHER HIGHS! and more bullish momentum. I mapped out the 5 waves but it could take many different paths.
I simply use the technique my mentor has taught me. @haejin has helped thousands of people. Probably the BEST teacher of this material.
There are people that know what they're doing VERY WELL... but cannot teach.
@haejin is a teacher for sure and his ability is not even questionable at this point He is a steemit superman.
Thank you everyone for tuning in. This was just an Emergency Update so that you guys dont miss out!
Verge wants more. 2x opportunity. Watch for breakout$0.40 is the target. The size of the wedge is $0.22, so expect a breakout of equal length.
