XVG50% CORRECTION holding at this stage, would like to see it crack the downwards trend line (around .225 or so) forming the top of the flag.
after that there is a little possible resistance at .235 (fib level) but seeing as it has broken the flag it should be an indication that this is going to move to new highs.
the move should at the least mimic the recent one we saw from the low of .07cents, this will be inline with the 100% fib extension level of around 0.39
if the current correction pivot of 0.18c (orange elliptical) doesn't hold then we will see it coming down to test the .618 (purple/typical abc reversal band)
at the lower purple reversal band we would be looking for a candle reversal signal, with closes within that band to confirm support. so far though hoping current typical reversal at the orange band will hold and we see 0.18 last major support.
XVGUSD trade ideas
XVG - HODLcurrent movements still look corrective, doesn't look like it has entered a bearish move.
correction has tested 32.8, would like to see it come down to the trend line at the 50% re tracement zone at around 18c.
if it drops past the 50% fib retracement, it may head down and test the 61.8.
either way, as it stands we are seeing a correction and not a change in direction.
if you're looking to accumulate, there could be some entries within the next couple hours with very tight stops.
upwards potential is growing as this correction expands, will have a better target as we get a clearer picture on how this is playing out.
New Verge (XVG) XMAS Morning Target up 245% to $0.529Based on the last rally and utilizing mostly fib retracement to estimate a buy location (without signals), I'm seeing we'll enter a buy area within the next couple hours while creating a bullish flag or pennant (more likely a flag), then we should begin the rally into a Christmas morning surprise completing at $0.529 or nearly half way to Ripple's value.
Ripple is also going to be pushing 325% soon, so be ready for that as it keeps ahead of Verge for the time being. But that may not last forever. It's possible Verge may overtake Ripples position, unless Coinbase adds Ripple (likely) and/or there is more good news from the Ripple camp during the end of the year and into next year (again, likely).
My ripple projections show that we'll go through a couple rallies and retracements with a target around $4.20 for XRP and it's possible that XVG may hit $2.00 within the next couple weeks as it has been maintaining 300% rallies pretty regularly.
Verge Short: Hold Or Buy?Obviously, we're not selling at this point... According to the RSI Chart, it was over-bought (red arrow)... So it's in a bearish downtrend heading into resistance... May be a good time to pick some up if you don't have any... My 2 Cents!
Buy Verge?Looks like a descending triangle pattern. Looking for it to fall to the blue 100 day MA and .155 support line. Possible buying opportunity.
xvg estending correctionlarger correction forming, indicating a larger potential wave 3, which puts it close to .52
assuming we dont fall into a larger degree bearish pattern before running bullish
XVGUSDVerge Has had some promising new announcements lately, lets watch the charts and ride the profits upward.
XVGSECOND wave seems to have completed in the final 5th wave of the move
fork holding for time being, macd ticking up and averages crossed
- looking for target around .33, potentially .38-.40
