VERGE (XVG) - Looking for Fib targets? This is for you
Hi my dear friends!
This is a 6 hr chart of verge?
Why 6 hr?
Because at this time frame, we can clearly count the 3 corrective waves that is the down trend in the box.
We can also see from data that fib levels had been a rather precise ruler to estimate this coin, as I explained in the callout box.
The next fib targets are labelled in green (if you drag up on the chat)
They are:
- 2700
- 3850
- 5050
- 5850
It takes time to develop a trade. HODL it, sell when stoploss reached, and ya'll be fine :)
*This post is more for people who are already in verge trade, if you are not in the trade and would like to join, please find an entry price that is comfortable to you on your own.
Good luck!
This is a 6 hr chart of verge?
Why 6 hr?
Because at this time frame, we can clearly count the 3 corrective waves that is the down trend in the box.
We can also see from data that fib levels had been a rather precise ruler to estimate this coin, as I explained in the callout box.
The next fib targets are labelled in green (if you drag up on the chat)
They are:
- 2700
- 3850
- 5050
- 5850
It takes time to develop a trade. HODL it, sell when stoploss reached, and ya'll be fine :)
*This post is more for people who are already in verge trade, if you are not in the trade and would like to join, please find an entry price that is comfortable to you on your own.
Good luck!
Bình luận:
*Expected correction to 1366 (.5 fib)
Giao dịch đang hoạt động:
I would be surprised if it goes lower
I would be surprised if it goes lower
Giao dịch đang hoạt động:
we are heading back up, but don't be over-optimistic. Always be ready to react to the worst case scenario!
we are heading back up, but don't be over-optimistic. Always be ready to react to the worst case scenario!
Bình luận:
My thoughts on chart pattern
Bình luận:
This one has better proportion
This one has better proportion
Giao dịch đang hoạt động:
This update is for my own entertainment.
Boxes with the same colors are of similar patterns.
This update is for my own entertainment.
Boxes with the same colors are of similar patterns.
Bình luận:
That was an absolute bloodbath, corrected all the way down to .236
Giao dịch đang hoạt động:
buy zone
buy zone
Giao dịch đang hoạt động:
Hit our buy zone.
We have ourselves a position.
We have ourselves a position.
Giao dịch đang hoạt động:
A good start is always pleasant
Bình luận:
one min chart looks fishy, reduced position size
Bình luận:
worst case scenario
Giao dịch đang hoạt động:
order book on bittrex:
whales keep pushing down the price with sell wall/filling their own orders at a substantially lower price.
Assuming they are trying to accumulate more of their long position. -->Don't panic sell easily and fall for the trap.
whales keep pushing down the price with sell wall/filling their own orders at a substantially lower price.
Assuming they are trying to accumulate more of their long position. -->Don't panic sell easily and fall for the trap.
Giao dịch đang hoạt động:
everyone sees this pattern. It is picture perfect.
The only thing we need now is volume.
If we drop below lower trend line for some reason (its crypto, anything can happen), we go to the floor and wait to buy back there.
everyone sees this pattern. It is picture perfect.
The only thing we need now is volume.
If we drop below lower trend line for some reason (its crypto, anything can happen), we go to the floor and wait to buy back there.
Bình luận:
just bounced from lower trendline.
Need to be trading above EMA50 & MA50 on longer time frame to confirm another impulse wave going up.
Need to be trading above EMA50 & MA50 on longer time frame to confirm another impulse wave going up.
Bình luận:
hovering around trend line, take care.
Đóng lệnh: dừng lỗ:
This one hit me.
Bình luận:
If we drop to 470 we buy
If we drop to 470 we buy
Bình luận:
again, 470-500 we buy
Giao dịch đang hoạt động:
again, again, 470-500 we buy
Bình luận:
I didn't even realize.
The low was 502.....................
My order at 500 was not filled...................................
The low was 502.....................
My order at 500 was not filled...................................