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Verge / TetherUS

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XVGUSDT trade ideas

VERGE is about to launch nowAnother post from different perspective I made a post of XVG-BTC pair with bounce up this one I take a look on XVG-USDT pair NEED TO BREAK OUT from 1st resistance HEADING toward 2nd resistance RSI look ok CCI look ok MACD look great! note : why I made 2 market, because Korean's exchanger got BINANCE:XVGBTC n BITTREX:XVGUSDT too so keep in mind this may turn out pretty gold if this happen we will see a great move coming out!! I will continue too another post with new trend with longer TF perspective :)
Long
by InterestBearingBull
1
VERGE - Incoming Reversal? Potential Uptrend.Over the past few weeks, Verge has experienced a tremendous increase in value, as the price moves parabolically. However in the recent days, we've seen reverse in price as the bearish trends begin to settle in, the chart indicates that verge is forming a descending triangle pattern which usually shows a bearish market. Unfortunately, this can signify an upcoming decrease for a further decrease. On the positive note, These trends can sometimes reverse and result in an upside especially if the price break through the resistance that has been formed which is indicated by the orange line. I expect the price to make a short-term reversal which can be about a 20% increase. STOP LOSS (AIM TO PUT THEM AT THE SUPPORT LINES): 0.1325 MACD - Leaves room for upper growth and the lines look to be Crossing soon. RSI - the relative strength index shows a lot of space for upward movement compared to the potential dance. Orange - Resistance. Pink - Support. As always trade the lines accordingly.
Long
by thomasfar6
4