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XVGUSD trade ideas

Verge Currency (XVG) Consolidation Nearing Completion!Looking at Some Fundamentals ... XVG is a deflationary proof of work (PoW) cryptocurrency. With a moderate circulating supply (14.5G) and high circulating to maxsupply ratio (14.5G/16.5G = 87.9%), XVG certainly has the potential to achieve values in excess the 10$ range if market cap equivalent to XRP's currennt value (128M$) could be achieved in the future. As a open source project, XVG also offers its investors a degree of transparency and accountability. Summary Technical Analysis The chart above is my own detailed technical analysis of XVG. Data is plotted beginning in the first week of December and continues through the time of this post (Jan 5th 2018). The chart exhibits a beautiful fractal behavior which can be studied to develop strong confidence around XVG when it comes to investment decisions. For ease of analysis, the chart is broken into four regions, the final of which is my own speculation based on my insights into the data. 1) The Nascent Phase This is the beginning phase of XVG before it made its mid December debut. While there is much of interest to look at in this phase, I tend to see the nascent phase as a distinct cycle in cryptocurrency development worthy of independent study. During this phase, a cryptocurrency has little notoriety and it attracts niche investment capital from a few sources. During this phase, the cryptocurrency idea is still being formulated, and it had not yet hit the mainstream. 2) First Impulse Wave During the first impulse wave, XVG demonstrated an explosive performance which solidified its potential to become a very strong cryptocurrency. This phase demonstrates a very clean 1-3-5 Elliot wave behavior with identifiable subwaves within each step. It is interesting to note the fractal consolidation phase which occurs on the 2-3 branch of the first impulse wave and its relationship to the structure of the current consolidation phase. 3) The Consolidation Phase After the initial pump, XVG entered into a long consolidation phase which sparked waves of doubt from many investors. However, Elliot wave analysis reveals that this phase reveals a very clear A-C-E pattern in which the E point lies on the ascending branch. Yesterday was important the XVG consolidation phase as the C-D branch was completed. From an analytical perspective, this solidifies the correction hypothesis for XVG as we now have two points on the ascending and descending nodes. Prior to today, only the A-B and B-C branches were visible which tended suggested a lack of clarity as to the nature of the correction. A Second Impulse Wave? XVG Moving Forward... It is my opinion that XVG will rise quite sharply within the month of January. This rise will take the form of a second 1-3-5 Elliot impulse wave which will look very similar in form to the first impulse wave. This self similar progression seems to be characteristic of cryptocurrencies. During the first impulse wave, we saw the price move from $0.02 to about $0.30. By rule of fractal symmetry, it would not be out of line to look for a similar 10-15x increase from the current value of $0.16 upward to $1.60-2.40 at the maximum of the second impulse wave. Follow my analysis on Steemit @mxcrypt Found this helpful? Feed me some crypto! BTC Wallet - 3PPENyabp2gsEfNahLyhMsgdwtjbodrtFm ETH Wallet - 0x7792cB95e9faa8B4049c88dD0dD567Cb843bc696 LTC Wallet - MXDmNsYKccTxnyXe4vpq3XrbstHsKex9S9
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by hyper_cubist
5
XVGUSD long againXVGUSD I was long a few days ago and I closed out the trade with a very small profit. I closed because the lower line of the wedge was support then became resistance . Now once again it has become support as we approach the apex of the wedge. Now is a good time to get long with stop at 0.15 below the previous spike low. Alternative trade is as per the diagram above: Wait for price to establish itself along the new lower wedge floor. This is parallel to the previous one. Then enter long with a stop below the previous spike low. This may follow AB=CD pattern. D is the estimated take profit price and time. To see another example of this look at my currently open ETHUSD trade. You can see how precise this has been
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by a1Keith
4
Bulls Expecting and 7 reasons.Verge %50 off and its 1- So cheap 0.14 now 2- Reasonable market cap $1,965,293,102 USD (it is so small if you compare with other coins, it does not need crazy amount of people to invest to make price 1$ or more) 3- It touched the support line and start consolidating already. 4- Most of the coins are pumped enough and Verge is still has potential to go up. 5- This is one of the coin that people mostly talking about. 6- Its a privacy coin 7- Verge is the most rising coin of 2017 . If you check it from Cryptocurrecy markets price sections and performance and yearly section. It raised 166986.95%
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by gxxxg
5
Verge beautiful triangle XVG/USDThis XVG/USD triangle is even nicer than the XVG/BTC pair. I know, everywhere FUD and some disappointed buyers. But, Verge did an 3000% bullrun and deserves this correction. The FUD is gone, could not stop the continous growth, it just delay or postponed a few days. Makes the support even stronger, thats why FUD never worked out in longterm. The tradingvolume was for a few weeks permanently higher than 20%, (sometimes 50%, actual 28%) of its marketcap. Simple math, already after 5 days all coins rotated once, the ones not willing to hold the coins are already in strong hands to hold it even longer. People who doubt verge are already out, the people who gained 30x are mostlikely out as well, the ones who did not sell till now, will not sell until we reach >=1$. The support ist strong and due to high volume each day a little higher. Do not forget, each sell is an buy as well and will most likely not be sold at loss.
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by TobiasSombrowski
5