$XVG #VERGE - Still on a pullback, is over now???Hello Lads and Ladies,
Today we are taking a look at XVGBTC. Initially it has been pumped from 300 satoshi to 1450 satoshi because of an announcement of a partnership with PornHub. Since then it has been in a pretty clear downtrend.
The downtrend has been broken once but the news of Verge getting hacked has put it in a further downtrend. Right now we are at a very strong support of 400 satoshi, this might be the turning point, since it has been confirmed many times before. Nevertheless, you should always take a look at the market and if this market rollercoaster continues a little more down, it might break this support of 400 satoshi and have XVGBTC heading down towards the 300 satoshi line.
From there on the possibility if a bounce back up is very high. The bounces will have the first stop at the 600 satoshi line and if they continue the second stop would be at the 800 satoshi line.
Overall, I believe that buying at 400 satoshi is already a very good price, why I would put 75% in here and leave the rest 25% for the 300 satoshi line, since I believe that is unlikely seeing it.
Looking at the market right now, we had again a beautiful pullback that made me smile. We see further 7% -18% pullbacks through out the whole market. As I have mentioned in my PANIC GUIDE, the first pullback was not the last. Right now, I more and more convinced that we have reached the bottom. Many coins are sitting on the suggested support right now, not like after the first pull back. Therefore, a bounce of a bigger variety is very likely to happen.
As always, stay calm, stay positive and be re buy the coins, you were looking at for quite a while.
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Cheers, Tomas
Xvg
Legendary XVG Short: FLOOR UPDATE!? Are we done free-falling?!Whelp...It's been quite a ride this month & a half, with all of you. What a legendary go - One for the books, if I say so myself!
I'm sorry I could not update at the floor today, as I was soft-banned for posting the discord link in the above thread. I posted that when I was on a premium trial account, and it is now against the rules as I am back to a free account. - I digress.
My XVG bags were heaaavyyy this morning near the floor. It felt SO good hopping back into my beloved Verge. Flipped em all at 440 a bit ago. There is still a possible maybe potential for 450-453 to hit.
Whoever caught the max range easily had 10% gains today.
The best part?
IT'S ABOUT TO HAPPEN AGAIN!!! TALKIN BOUT FREE BIG-GULP REFILLS!!
This rising wedge targets 385, but I'm not sure if we'll get that low. We'll have to see.
410 fits more in line with a Wyckoff bottom - at least at this next touchdown. So, I've adjusted my hit-box slightly, as you can see.
I will most definitely be picking up every bit that I can in the 420-385 range, again.
Remember - it's all about those 1% quick gains, and you only need 4 sats with XVG right now.
GOOD LUCK & GODSPEED!!!
(I can't wait to type "xvglong" in the tags of my Verge updates.)
Legendary XVG Short: DONT be fooled! Another Desc Scallop 450ishHellooo!
Another quick update for your favorite Legendary $XVG Short.
I believe a desc scallop with a target of 448-462 is deceiving some folx today. If I was you, I'd get out on this peak, in order to re-buy at least around 450 - if not our ultimate 390 target. BUT, I'm not you, and this is NOT professional trading/investing advice!
We might see a bit of juice yet, but we gotta break 600 before we can start to consider anything.
Could be a big risk! This coin is about to explode as soon as it breaks out. I bet a single day candle could reach the top of our 6mos triangle, once it happens. Maaaybe 2 days, as we may need one to break us back through the bottom line of our 6mos triangle or something.
:fingers_crossed:
Good luck!
Original Legendary $XVG Short call from May 2nd:
XVGBTC - 280% profit potentialBINANCE:XVGBTC : Solid technical foundation, dedicated developers, high liquidity and upcoming partnerships together with marketing campaigns. Potential profit up to 280%, has been under the radar for month.
Good entry around support zone: 400-450.
Target: 900-1400.
Long-term hold
There is a trading opportunity to buy in Verge Ethereum ...Technical analysis:
. VERGE/ETHEREUM is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
. While the RSI resistance #1 is not broken, the probability of price increase would be too low.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000560 to 0.0000482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000560)
Ending of entry zone (0.0000482)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000700
TP2= @ 0.0000796
TP3= @ 0.0000968
TP4= @ 0.0001186
TP5= @ 0.0001453
TP6= @ 0.0002030
TP7= Free
There is a trading opportunity to buy in Verge Ethereum ...Technical analysis:
. VERGE/ETHEREUM is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
. While the RSI resistance #1 is not broken, the probability of price increase would be too low.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000560 to 0.0000482). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000560)
Ending of entry zone (0.0000482)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000700
TP2= @ 0.0000796
TP3= @ 0.0000968
TP4= @ 0.0001186
TP5= @ 0.0001453
TP6= @ 0.0002030
TP7= Free
There is a trading opportunity to buy in Verge Bitcoin ...Technical analysis:
. VERGE/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00000419 to 0.00000325). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000419)
Ending of entry zone (0.00000325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000563
TP2= @ 0.00000642
TP3= @ 0.00000749
TP4= @ 0.00000880
TP5= @ 0.00001011
TP6= @ 0.00001435
TP7= Free
There is a trading opportunity to buy in Verge Bitcoin ...Technical analysis:
. VERGE/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00000419 to 0.00000325). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000419)
Ending of entry zone (0.00000325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000563
TP2= @ 0.00000642
TP3= @ 0.00000749
TP4= @ 0.00000880
TP5= @ 0.00001011
TP6= @ 0.00001435
TP7= Free
XVG/BTC zoneI have nothing to say on this. To be honest just testing structure
if buy zone breaks could see it go to 730 stopping at 640 first
if sell zone breaks 450 - 400
Verge XVG thought...This has to be one of the most controversial coins out there... People either love it or loathe it... My thought is that this is a genuine community effort coin. With that said, the goal of mass adoption brings a certain need for value stability. If you're expecting people to use a cryptocurrency on a large scale for everyday purchases, the coin has to have a stable value relative to something already known by those you're wanting to adopt the currency, USD, EUR, etc.
So, it's just my opinion, but the goal of verge isn't to create a store of value it's to create a useable privacy coin and they have done that. So again, just my opinion, but I wouldn't expect massive price movements because in reality that detracts from people using the coin as currency. I'm certain many disagree and that's ok because like I said, it's just my thoughts on what a crypto currency will look like after mass adoption.
XVG 1D DEATHCROSS ALERTWhat is a 'Death Cross'
A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. It is so named due to the shape created when charting the activity and its association with a downward market trend. As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market.
Verge: Up To +30% Profit ImpulseVerge: Up To +30% Profit Impulse
Together with Bitcoin Cash, Verge has the most potential for the next impulse. +30% profits in a few days is not that little this year. The upmove could also be more or less like Bitcoin. Move your stops and always take profits. There is a chance we'll drop a little more before we go up. If not then good luck.
Targets are on the chart. Most likely Target are 620 Satoshis.
XVG - Things looking bleak, but possible bottom found?XVG is looking rough.
After being hit with attack after attack investors may be losing faith in the product.
We have a bearish TK Cross, a 50/100 Death Cross, a 20/200 Death Cross.
It may be finding support where it currently sits at about 485.
CMF sell pressure is slowly starting to decrease which may indicate early signs of a reversal.
If it breaks, I expect to see it drop to about 340 then, as far as 100 if it breaks that support.
I would not get near this trade personally until we had a confirmed reversal and multiple bullish signals are confirmed.
XVG/BTC - Bullish Divergence and potential IH&STaking a closer look in 4 hour TF, I notice an IH&S. The volume confirmation is there and the RSI shows bullish divergence. In addition, the MACD is curling.
With the Verge Amsterdam meet up on June 9th, I'm expecting positive news from this community.
Given these clues, I am bullish on verge.
Please bear in mind, this is only my opinion hence make of it what you wish. This is not an advice nor recommendation to either buy or sell. It's only meant for use as an informative or entertainment purposes.