XVGUSDT trade ideas
XVG/USDT Update: Verge on its way to to 10xWe follow Verge now for over a month and see a constant recovery.
Still there is a lot of room to grow and we can expect Verge to get back to previous ATH.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
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...
Verge/USDT Going for a ride >200% PotentialAnother smallcap altcoin that only started its bullrun.
Volume increases and targets are set.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
[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 !