XVG/BTC - Moon

I'm not a fan of the word 'mooning' when it comes to trading, but hey - I call it how I see it, and the fact is XVG (Verge Coin) was hammered this week due to FUD but is now refueled and ready for re-entry. I won't got into details because you can Google it if you're interested, but the drama has ended and now we are sitting in the calm before the very bullish storm.

Literally any hour now the moment we've all been waiting for will happen, and the Verge team will release Wraith Protocol - turning Verge into the ultimate privacy coin, enabling both public and private transactions over a truly anonymous block-chain network. This will be revolutionary, and it will send Verge into the stratosphere technically speaking.

This is not financial advice - do not trade off this information, but keep an eye on XVG over the next few days and note that 1000-800 Satoshis (12c USD) has been holding strong as support. Personally I'm still accumulating anything below 1100 Satoshis, and I've been in XVG since below 50 Satoshis.

Merry Christmas and Happy New Year! Good luck in the markets in 2018 :)

- Matt.

* Support / Buy Zone: 1000-800 Satoshis
* Target: 2000+ Satoshis

Comment:

Price action is holding a bullish consolidation pattern even after all the drama and missed dead-lines which is interesting (but not necessarily very bullish right now).

I'm still holding most of my position and expecting 2k sats to be hit before Q2 2018. If not, I'll bail on my position at around 750 sats for around an 1100% gain.

Trade active:

Bottom trend-line is holding. Wraith has been released, the wallet is going through some teething issues and there's still a lot of FUD going around but it'll all blow over in a month and the protocol will be priced in and we'll see 2000+ Satoshis (if we're lucky - anything can happen in these markets! These are just my personal trade predictions / opinion).

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New highly sophisticated technical analysis update ^

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Oops:

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Well Wraith finally dropped. Better late than never, although it was pretty fucking late.

Anyway price has reacted positively, that bottom trend-line held just like I'd hoped and then after the announcement today we finally got the bullish breakout of the pennant formation.

I suspect we will see a pullback and re-test of the upper trend-line followed by another rally when the Mac OSX and remaining news is announced. We will probably face major resistance at 2k satoshis, but I believe if the project learns from this mistakes of this release, picks up its game with its marketing and public image and stays as dedicated to development as they have been then this coin will do very well this year and into next year.