VERGE XVG Is Leaving the Ideal Buy Zone - Trade Active
Looking at the Verge one day USDT chart on Bittrex. Verge is now trading with a candle closed above the buy zone I had set on April 18th. Hopefully you bought while in this ideal zone. If not it's still not too late to jump onto the train. Verge is going higher, and if you are not a swing trader just buy and HODL you will not be sorry.
Best Recent Entry on April 25th at just below $0.06
Trade Targets:
Short term $0.10 $0.12
Mid Term $0.20 (Nearing 300% Profit on the Trade) $0.30 (ATH_ 500% Return)
Progress of this trade can be interrupted by a sudden dip in BTC prices. If so don't panic and stay in the trade, otherwise you lock in a loss for yourself. Be patient, it will recover and you will profit.
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All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
XVG looks like it is moving into a sideways channel or even a slightly descending channel. Do you think this means more days of lingering around the .07/.08 area?
6Shooter
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@theredbaronZ, Looks like it has to hold 0.066 dollars to stay in play. If that fails it will drop to look for support possibly as low as 0.48 It really depends on BTC prices very much at this point.
julia17
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thanks for sharing idea. but there is level 0.093 - it's b point from abc. If xvg will fail to break it, there will be opportunity to take it on 0.047.
6Shooter
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@julia17, Agreed there is resistance at 0.093 but it appears that momentum is going to carry us on through. I also pointed out a possible buy in the area of 0.48 back on April 18th. We did not achieve that in the last dip indicating that sentiment is stronger than the wave was indicating for now at least. It's possible we could revisit that area if BTC pulls back hard, and then I would certainly be adding to my position. Thanks!
julia17
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@6Shooter, let's see, hope we can buy xvg lower, love it.
6Shooter
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@julia17, Thanks. XVG has been very good to me. Most of my XVG is in my long term portfolio for HODL and doing very nicely. As I often tell my readers, Coins like this one should be part of everyone's long term portfolio and position or swing trades making up around 10 - 20% of trading.
julia17
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@6Shooter, I also a long term investor in verge, but try to add more on corrections. What kind of long term target you wait?
6Shooter
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@julia17, It's difficult to say, but since Verge issued so many tokens, the market valuation at even $1 would be huge.