XVGUSDT trade ideas
Decision Time for XVG (Keeping it simple)I will keep this one quite simple. Xvg could potentially breakout. Looking bullish on the xsvusd pair but NO comformation yet.
Xvg btc still needs to break out. Btc looks like it is ready for a pullback so trade wih caution.
Further targets and TA will follow IF we breakou!
To be coninued.
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 $0.019 price level resistance and the other one is the resistance of an up-channel. If the prcieline will breakout these resistance levels then the XVG can lead the bull market of all cryptocurrencies including Bitcoin.
XVG & the coming next targets !Hi Traders,
three things make me suggest this scenario:
1. impulsive reversal from the bottom.
2. high trading volumes at the current wave (might suggest be wave 3 is under development)
3. btc exceed its former ATH price level.
of course breaking the lower boundary of the price channel might weaken this view and the invalidation level is posted as well in the chart.
good luck
XVG Short buyzones self prediction I took 200$ profit on the ride up and will be reapplying the gains back into my XVG pile and these are the buy zones based on the market predictions derived from Fibonacci Trading. Should go well in much hopes. If we end up in another wave somehow, (very doubtful at the time of writing) I can go with that too.
Essentially this is a way for me to keep track of my progress with Verge this time around.