XVGUSDT trade ideas
XVGUSDT : NICE LONG SETUPHi Bro,
XVGUSDT I recommend to you the situation to trade but please check by yourself and get confirmation in low-time frame and do your best.
SecondChanceCrypto
⏰ 6/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
XVG Possible Playout ChartThe movement of XVG is predicted to experience further decline below the 200-day moving average, with the potential for a decrease to the price area of $0.003721, equivalent to approximately -19.85%, in the near future. On the 4-hour time frame, XVG has already broken below its moving average.
Therefore, it is recommended to adopt a "wait and see" approach or wait for the price to reach the specified level before making any decisions (#DYOR - Do Your Own Research).
Verge XVG is almost over - Pivot to Zcash ZECXVG has been a pond fisherman's dream - returning more than 300% in only a month
its risk vs reward potential is currently extreme, which means that selling well take over soon and return the chart to normalized activity
My next recommendation for a pond fishing crypto is Zcash ZEC-USD which has similar fundamentals to Verge (Proof of Work, Privacy, capped supply, good exchange availability, has not pumped and dumped recently)
www.reddit.com
www.fool.com
XVG COIN POSSIBLE TRADE SETUP !! SGX:XVG Coin Update !! & Possible Trade setup🤝
• On 1D RSI & MACD look strong bearish But On 4h tf MACD Show Double bottom & RSI Look Over Sold.
• Already we see healthy correction in its price in last 3 weeks ( drop almost 40%-45% )
• Fundametally its week so i will not recomand swing trade on it just quick long scalp possible from its support area.
🚫 I just share anlysis and my thoughts creating proper trade setup & picking trade is depend on you🚫
FOLLOW ME FOR MORE ANALYSIS
Start of a 20% increase for XVG ?On this analysis, I see XVG looking for enough liquidity to start a 20% rise to the middle of the H4 range.
For a buy position I will wait for the break of the MA in M15, the end of the accumulation phase M15 and a potential pullback on the bottom of the H4 range.
Do not hesitate to give me advice for a better analysis.
VERG new uptrend movement 💣🚀💣As I mentioned in my previous analysis
the price hit our first target 💣🚀💣
and now
it is again close to the Fibonacci levels
if
the price doesn't break the fib supports to the downside, we will see more gain 🚀🐋
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
XVGUSDT Ascending Triangle PatternHere we see the uncommon formation of an ascending triangle. This is a good sign of the continuation of the current trend. Wait for the break out upwards but expect a retrace and bounce of the resistance line. Enter where you like, on the breakout (candle finishing above the upper line) or on the retest depending on how aggressive of a trader you are.
This pattern is considered quite reliable with a 83% success rate in a bull market. This also means it can fail so trade at your risk!!!!