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XVGUSD trade ideas

VERGE - PATIENCE IS KEY HERE - CryptoManiac101XVG / USD TA After nearly a 3.8 Million percent gain back in 2017, we have retraced 99.54% thus far and we might not be done just yet as we are currently riding rising channel, which has high chance of breaking towards the downside at least in the short term. Bullish case scenario would be a break towards the upside but that would require Bitcoin to be bullish as well, which is yet to be seen as we struggle to even stay above $10,000 resistance point. At this time I would be a buyer if XVG reaches four zero mark or if I see some bullish action from Bitcoin.
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by CryptoManiac101
5
XVG MADE POSSIBLEthis could happen it happened before it can happen again I bet a move like this would usher in some disbelief! LOL Verge is an open-source cryptocurrency launched in 2014 Initially, the name of the cryptocurrency was Doge Coin Dark Verge offers anonymous transactions, tangling the IP address and geolocation of its users using Tor and I2P technologies. The main goal of the project is to provide individuals and businesses with fast, efficient, and decentralized transactions while maintaining their confidentiality. The platform works on the Wraith protocol, which stands for technology that allows the user to switch between public and private accounts in the blockchain. Verge uses a mixed algorithm which includes proof of work and 5 different hash functions: Lyra2rev2, myr-groestl, Scrypt, X17, and blake2s.
HITBTC:XVGUSDLong
by GJMRealEstate
XNGUSD can make another attempt to breakout the cloudHi guys and gals and welcome to the new update on Verge coin. There are only few hours left in Verge block reward halving. As for now, the block reward is 400 coins per block and after this halving event, it will be decreased to 200 coins per block. This means that the supply will be decreased and for example if that demand will remain the same. Then automatically the balance will be changed and demand will be increased. And as a supply and demand rule of trading the price can be increased. Struggling to breakout the 100 SMA on long term chart: Now if we watch on the weekly chart then after breaking out from the falling wedge pattern. The price action is still struggling to break out the 100 simple moving average. The SMAs on daily chart and expected golden cross: On the daily chart the price action is above all simple moving averages. The 25 simple moving average is moving up to provide the support to the price action. And the most important thing on this chart is that 50 simple moving average is likely to form the golden cross with 200 simple moving average. Once it will be formed then it will become a very strong support for the priceline and a strong bullish signal as well. On The 2 day chart the different support and resistance levels can be seen very clearly. At this time the price action is likely to move down after being rejected from $0.0075 resistance. The XVG has the recent support at the $0.006 and if it will be broken down then it has next support at $0.005. If the price action will break out the $0.0075 resistance then the next resistance will be at $0.0085 and after that we have the big resistance at one cent. The ichimoku cloud on long-term is still bullish: Now I would like to draw attention towards a very powerful bullish gesture by the priceline of Verge currency on the weekly chart. And that is the Ichimoku cloud has turned bullish and the price action is entered in the cloud. At this time XVG is having support of the conversion line and baseline as well. The lagging span has already crossed up the price action and the conversion and base lines as well. Therefore we can expect that after this correction move the price action can start another upward rally to make another attempt for the breakout. Once the cloud will be broken out then it will become a very powerful support for the priceline of XVG coin that will be helpful for the long term bullish rally. Conclusion: On the short-term and midterm the price action of XVG might move more down to re-test the previous support level or at least the 25 simple moving average on the daily chart. However, after the correction rally it can start another strong bullish rally to break out the bearish ichimoku cloud soon.
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by moon333
Verge coin (XVG) Breaking Out The Bearish Cloud Before Halvinghi guys and gals and welcome to the new update on Verge coin. The XVG coin has a very big event on 13 July and almost two days left in this big event. And that is Verge block reward halving. The breakout from wedge and SMAs: On the long term weekly chart the price action of Verg coin was moving in a falling wedge pattern. At the end of May 2020 the price action has broken out the resistance of this wedge. This is the same week when the announcement of Verge block reward halving was added on different famous sites. It can be also observed that after this bullish rally the price action broke out the 25 and 50 simple moving averages. And at this time it is likely to breakout the 100 simple moving average resistance as well. If the 100 SMA will be completely broken out then it will be a really very powerful bullish signal. Because the price action will have the 100 simple moving average support on the weekly chart. A formation of a golden cross: Now if we switch to the 2 day chart then the price action has also broken out 25, 50, 100 and 200 simple moving averages. At this time the 50 simple moving average is likely to form a golden cross with 200 simple moving average on 2-day chart very soon. Once this golden cross will be formed then it will be a really very powerful bullish signal. Because it considered as a strong buying signal among the trader’s community. Different support and resistance levels: The price action of Verge coin is just rejected from the $0.0075 resistance and likely to move down and retest the previous support at $0.006. If this support will be broken down then we have the next support at $0.005 and if the price action will be able to breakout $0.0075 resistance then we have the next resistance level at $0.0085. And after that the next resistance would be at $0.01. The price action is likely to breakout ichimoku bearish cloud soon: Now I would like to draw your attention towards a very powerful move by the price action of XVG coin. If we place the ichimoku cloud on long-term weekly chart. Then it can be noticed that the price action was moving below the bearish cloud for the long time. But finally the price action has entered in the cloud and has attempted for the breakout. The lagging span of ichimoku cloud has crossed up the candlesticks and the conversion line has formed bull cross with baseline just below the candlesticks. At this time the price action is moving between the resistance of the bearish cloud and the conversion line. And XVG has a big event of halving on 13th July. Therefore we can expect that the price action might make another attempt for the breakout before or after this event. Conclusion: At this time the price action has a very strong support of different simple moving averages and $0.006 level. And halving event in itself is another big support. Therefore we can expect that the price action of Verge coin may break out the bearish cloud very soon. And once this ichimoku cloud will be broken out then it can work a very strong and long term support for the price action as it has been working as a strong resistance for long time period.
XLong
by moon333