I really don't want to chart Verge right now, because it's been so sideways, but I get a lot of requests to post XVG updates, so I'll go ahead and do it. I have a long term vision of about +4000% but I don't want to share that until we break above the resistance levels on the 1d charts (mid Feb before that happens is my guess).
For now, this is a short term target within the next 24 hours.
It appears that Verge is forming a bullish flag from the bottom, the bitcoin bottom, which is showing positive traction moving upward.
Based on the length of the flagpole, we estimate the expected gains should be around +65% with a target of $0.18 USD.
See links to a few of my other charts below..
Đóng lệnh: dừng lỗ
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Verge has not been a team player lately.. I'll keep my eye on it, but likely won't be trading any XVG until I see some serious positive movement.
Didnt you already share the long term vision, or am I going insane? It's here:
This obviously needs to be revised, I assume because of the entire market correction? Pls comment... You're very active on here so it's always good to see updates to some things you haven't touched recently, like the above link ;)
Also, your avatar is the shit. Thanks for your hard work
Tin.Foil
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@CryptoBling99, You're right.. I guess I did share that one. But I've revised it with a 35 day timeline, but not until we break above the 1h ichimoku cloud, the red cloud in the link you posted, we are now under that level and it will prove to be resistance for some days or weeks unless some kind of good news pushes us up and through the top of it. That old target may be pushed out until early March or so. I'm still not super confident in XVG, however I have just seen a ton of XVG posts on twitter today, so it may be gaining some steam again.
SatoshiKnows11
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@tin.Foil, Thanks. But in the link/pic I posted, I don't see any red cloud. I'm probably just not looking at this properly.
Also, I thought you didn't necessarily agree news drove the price. But you stated good news may "push us up." So I'm confused about that. I thought you just charted and whatever the charts showed ya, you went with. No bias etc. Sorry if I'm misrepresenting you in any way, not my intention.
SatoshiKnows11
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@CryptoBling99, Oh I think you mean the little formation next to the 17 to 18 cents area re: ichimoku cloud.
Tin.Foil
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@CryptoBling99, yes, that's right.
Tin.Foil
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@CryptoBling99, news always drives the price. Good news, new partnerships, new milestones, they all drive the price up. But when I chart these coins, I usually do not take into account the news and/or any speculation related to that news. I simply draw the chart and then compare with the upcoming news to see if maybe the news will bring my chart to fruition.
Sometimes I might say, the news could be positive on friday which could bump us up to the place where we need to see this rally start to take off, but I don't want to speculate too much. I'll let the rest of the world speculate.
minnowsloth
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@CryptoBling99,
minnowsloth
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I agree. I've been waiting eons for this thing to move. Need .25 or .30 to settle my debt and keep moving,forward.
jz1105
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Verge just rocketed ! any updates on revised targets ?
This obviously needs to be revised, I assume because of the entire market correction? Pls comment... You're very active on here so it's always good to see updates to some things you haven't touched recently, like the above link ;)
Also, your avatar is the shit. Thanks for your hard work