XVGUSDT trade ideas
A Bit of Relief in XVGA bit of relief in the Bear market but no Bull Market Confirmation. The price might recover a bit to the levels indicated but most likely nothing over .034 unless a true bull market confirmation. There is a strong down trend resistance line that must be broken for a reversal to be confirmed. Expect the price to test lower lows if bull market not confirmed.
Break Out or Fake Out?Another fake out ? Seems like Verge has been bouncing off this diagonal resistance for quiet some time and tested it twice before. So will resistance hold this time or is it ready to run like Forest Gump.
The whole market seem little shaking waiting for btc to hit the 5k area or break out. So its best to sit on the side line and wait for a clear break out with volume and possibly a retest that holds.
If it doesn't hold .034 and .025 are the next support levels.
We need to brake resistance of 0,0573 USD We need to brake resistance of 0,0573 USD(blue line) ,and not fall under 0,0541 USD.
XVG LongXVG is consolidating before the next leg up. Expect it to do this until June 1st or so then go parabolic to roughly $0.23. There is resistance along the way but no worries. HODL for payday.
Break out comming soon?As we can see from beginning of the year,XVG has lower lows,but looks like it is on the end of this appex.
Break out comming soon.
XVGUSDT Needs VolumeXVG is testing resistance at the 50 MA. Volume needs to pick up more in order to breakout from the previous support/resistance around $0.78.
RSI is indicating the price movement is strengthening. XVG has been consolidating for a good bit of time now...volume will be the catalyst that is needed in order to reach higher targets.
Possible Bullish MovementThe XVGTETHER shows an inverse Head&Shoulder, a Cup&Handle, Elliot wave chart pattern. There is also an uptrend line from the Bottom and the 50MA just crossed the 100MA. We should see a rally to the 5th wave. However, keep an eye on the uptrend line to make sure it is not broken.
Full Fledge Inverted Head & Shoulders...This is your classic Inverted H&S, now in the final shoulder stage. Extremely Bullish!!
Quick trade XVG - USDTOn H1, VXG just broke out of a resistance after a double bottom. It is going to test the support area around 0.0695- 0.0675
Stoch RSI is in oversold area.
Buy zone: 0.071 - 0.068
Take profit:
TP1: 0.079 - about 10% profit
TP2: 0.0849 - about 20% profit
TP3: 0.090 - about 26% profit
Stop loss: Under 0.063
*Just my thought, mind your own trade*
XVG UpdateXVG has tested support and held. XVG should consolidate a bit more before the next leg up.
XVG next target is $0.21XVG recently had an amazing move and quickly corrected on the "buy the rumor, sell the news" logic. If you didn't sell the top then don't worry because there will be another opportunity coming up! It looks like the current XVG price trend is creating an upward channel and the recent daily low respected the lower bound of the channel. If XVG were to make another move of the same magnitude (%) then XVG will hit "roughly" $0.21.
