XVGUSDT trade ideas
XVGUSDT - Holding SupportXVG looking weaker then others BUT we reached a support zone and it seems that we are holding this zone.
We made 5 Waves and now we might see a ABC correction.
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Is Verge (XVGUSDT) preparing for a Blastoff?Hello! I hope you are well.
Verge in XVGUSDT pair is consolidating at the tip of triangle with diverging highs between chart (Lower Highs) and RSI (Higher Highs).
Although this trade will be in Binance, Bittrex chart had to be used for full history and resistance levels. Thus arrow is not an indication of next target, resistance levels are. All will be decided by the market, so use responsible risk management and you will be rewarded.
Technical Analysis shows fine positivity for this currency pair.
Trade safely
XVG bullflag- 4h huge MFI/RSI divergenceVerge/XVG has formed bull flag pattern and it's currently bottoming inside of it. Bullish divergence is visible on both MFI and RSI across all hourly timeframes.
Entries:
Very aggressive: 0.022
Aggressive- after mid-channel trendline and previous highs from July 2021 level is reclaimed (0.02440)
Safe- after upper trendline of the channel or 0.3016 is reclaimed
Long term targets only:
TP1: 0.3099
TP2: 0.3405
TP3: 0.3727
TP4: OPEN++
(short-term traders will figure this out themselves)
Remember about risk management, especially that BTC has been quite volatile lately.
XVGUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily time frame. As you can see, if the price can break and stabilize its resistance line upwards, it can touch our target. We have drawn a support line for you dear ones, which can support the price in case of a fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
VERGE - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
VERGE is overall bullish trading inside the blue channel , and since it is approaching the lower blue trendline, we will be looking for buy setups on lower timeframes.
on H1: XVG formed a valid trendline in red but this setup is not ready to go yet. We are waiting for the buyers to take control. (projection in purple)
Trigger => Waiting for a momentum candle close above the last swing high. (gray area)
Until the buy is activated, XVG would be overall bearish and can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich