XVGUSDT.P trade ideas
XVGXVG remains strong but if it continues to correction my target buying level is between 0.024 - 0.018 (0.707 - 0.786 fib levels)
Verge seems to be Undervalued and Good for Investment 24/02/2021Verge (XVG) is a decentralized open-source cryptocurrency which offers various levels of private transactions. It does this by obfuscating the IP addresses of users with Tor and by leveraging stealth transactions making it difficult to determine the geolocation of its users.
Verge Currency has a maximum supply capped at 16,5 billion XVG. It uses the Proof of Work (POW) mining principle with multi-algorithm support and 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.
Verge Currency was created in 2014 and originally named DogeCoinDark. It was rebranded to Verge Currency in 2016.
Following the bitcoin principle, Verge Currency has a transparent ledger that allows anyone to view all of its transactions, but protects user identities and locations. This was achieved by integrating both Tor to not expose IP addresses and using stealth transactions, formerly known as Wraith Protocol, to hide the value of transactions.
In April 2018, it was announced that the adult entertainment provider MindGeek would begin accepting Verge Currency as a payment option on its website network.
Also during April and May 2018, Verge Currency suffered from timestamp exploit on one of its 5 mining algorithms. This could have resulted in a 51% attack if it had only one algorithm.
as of now we can have up to 4 TPs for this coin and it seems to be very promising as an investment alternative and worth of reweaving and researching more on its fundamentals...
[DAY] Elliott Waves Forecast for XVGUSDHere is my elliott waves forecast for the Verge for the next months to come.
The pair is showing clear breakout pattern in progress with multiple nested 1 waves.
Once the fork breaks, the pair should accelerate towards the key levels of
- short term : 0.04 then 0.06 and finally 0.095
- mid term : 0.2 then 0.5 and finally 1 by June this year
=> More update to come on this crypto !
This Can Be Final Resistance For Verge Coin (XVG)Hey friends, hope you are well, and welcome to the new update on Verge coin.
Reached again at key level resistance:
The price action of Verge has reached a $0.019 resistance. This is a very key level and final resistance on long-term, because, after this there is no significant resistance up to the highest price in the history of Verge.
Big up-channel resistance:
On the long-term weekly chart, the price action of XVG has reached the resistance of an up-channel. The previous week’s candlestick was not able to close above this resistance but the new candle has been opened above the resistance of this channel. If we will have the closing of the current week’s price line above the channel’s resistance then it may start a big move towards the previous highest price. Otherwise, the priceline may re-test the support of the channel again.
Step by step movement:
On the daily chart, we can observe that after every rally the price action is getting retraced and then starts the next rally to the upside. After the recent rally the price action has been retraced between 0.382 to 0.50 Fibonacci level. In the meanwhile, the priceline is also using an exponential moving average of 21 as support.
A big bull cross of SMAs:
On monthly time period char, the price action of Verge currency has crossed up the simple moving averages with the time period of 7 and 25. The 7 SMA has also formed a bull cross with SMA 25 that is a very big bullish signal.
Conclusion:
At the moment in the long-term, the priceline of XVG is struggling with two major resistance levels. One is $0.019 price level resistance and the other one is the resistance of an up-channel. If the prcieline will breakout these resistance levels then the XVG can lead the bull market of all cryptocurrencies including Bitcoin.
Verge breaking out key level resistanceXVG breaking out a long-term channel on weekly chart:
The next resistance will be weekly cloud:
The pricline of Verges is also breaking out the key level resistance:
XVG & the coming next targets !Hi Traders,
three things make me suggest this scenario:
1. impulsive reversal from the bottom.
2. high trading volumes at the current wave (might suggest be wave 3 is under development)
3. btc exceed its former ATH price level.
of course breaking the lower boundary of the price channel might weaken this view and the invalidation level is posted as well in the chart.
good luck
XVG/USDT Watch for breakoutHello Friends,
I don't trade this but did this chart for a friend and his group. I see a long wick that needs to be filled, so I think it will retest the top and if it doesn't then I would take the short as suggested on this chart. Keep stops opposite sides of the support area of the direction you're going.
Cheers!
