XVG/BTC (Weekly Key Support Failed)💎Technical Analysis Summary💎
BITTREX: XVGBTC
-VERGE broke its weekly key support area around 34s sat
-This is an extremely Bearish signal for this altcoin
-There is no strong support until the 9 sat area
-Where we can see a previous resistance last April 2017
-This is a -70% downfall from its key support
-Please don't try to catch a falling knife
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Xvgbnb
XVG/BTC (Testing Weekly Key Level Support)💎Technical Analysis Summary💎
BINANCE: XVGBTC
-VERGE has been trading inside this descending channel for quite some time now
-The price is already back at its key level of support on the weekly chart
-For the 1st time, last week's candle is green which shows a weakening selling pressure
-But this is still not enough to change the bigger trend
-XVG needs to break above this channel resistance and consolidation for a few days
-From there, the Bullish scenario will increase and the risk will be reduced
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XVG/BTC (Retest Major Support Area?)💎Technical Analysis Summary💎
BINANCE: XVGBTC
-Verge is now approaching major support area
-This zone was the last area before the massive pump last June
-If this area can hold for a few days and form any reversal pattern
-XVG could break out the midterm trendline resistance
-The upside potential target is up to 50s sat or higher
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XVG/BTC (Retest 200D MA Dynamic Support?)XVG/BTC
-Verge is likely to retest the 200D dynamic support
-And the major support area around 50 sat
-This is also a confluence of last Fib support level 0.786
-I recommend placing Buy orders only when there are Bullish reactions
-Or any potential reversal signs around 50 sat range
-This will give extra confirmation that this level is important
-The trade idea is buying at the key support area
-Ideal stop loss is candle body below 0.786 Fib
XVG/BTC (Daily Pullback)XVG/BTC
-hits daily support at 65 sat and the price shoots up 20%
-there is a new trendline resistance just above 70 sats
-two option to enter a trade here
-but the break/close above the trendline
-or wait for a retest of support at 65 sat
-place a stop loss below daily key support
XVG/BTC (New Uptrend Continues)XVG/BTC
-the price is up over 40% since cross ultimate indicator flashes Buy priority
-xvg is about to reach the daily top resistance area
-we might expect some profit-taking in this zone
-if you missed the rebuy zone
-you may want to wait for another pullback
XVG/BTC (Pullback Before another Push up?)XVG/BTC
-strong breakout of trendline resistance
-manages to climb above the 200D MA
-good bullish rejection at 200D MA also
-new daily high and higher low
-there is a good potential rebuy zone between 51-48s
-trading the breakout of recent is also valid
-upside target is up to 71s
-stoploss is determined once a position is open
XVG/BTC (Bullish Uptrend on 4H)XVG/BTC
-cross ultimate indicator signal is Long priority
-a new breakout above the box resistance area
-good volume during an uptrend
-our short term target is up to 58s
-mid target is up to 70s
-key stoploss is placed under the 40s
XVG/BTC (Bullish Pattern? Ready for Breakout?)XVG/BTC
-forming a bullish descending wedge
-buyers starting to enter the market today
-if the daily candle closes bullish
-and hold current levels for the next few days
-there is potentially a breakout of this pattern
-our mid resistance target is up to 60 sats
-key stop-loss should place under 34 sats
XVG/BTC (Double bottom?: up to 30% profit)XVG/BTC
XVG is may have found support at 35 sats area after showing some RSI divergence which signals an early bullish present on the market.
If this is the reversal bottom, our upside target is up to 50 sat and stop-loss would be below 34 sats.
