Verge (XVG) USD price live update with interactive visual and analytical tools to study chart patterns, price movements. Chart references Verge (XVG) USD price from the Bitfinex exchange.
About Verge (XVG):
Verge is a privacy-focused cryptocurrency that aims to provide individuals and businesses with a fast, efficient, secure, and decentralized way of making direct transactions. Verge was created in 2014 under the name DogeCoinDark. In 2016, it was rebranded to Verge Currency.
To ensure full privacy in the system, Verge relies on dual-key stealth addresses where the sender can send funds to stealth addresses. In addition, Verge also features a combination of TOR and I2P to hide specific transaction IP addresses or physical locations.
In the future Verge plans to support smart contracts with the RSK blockchain that will add value to the Verge ecosystem by enabling smart contracts, and higher scalability.
Helpful technical indicators to study Verge (XVG) USD price movement:
Technical Analysis through the use of charts or volume analysis helps to forecast future Verge (XVG) USD price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.
The following are some of the technical indicators which could be useful for anticipating the most likely Verge (XVG) US Dollar price movement.
Moving average convergence divergence (MACD)
MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for buying or selling an asset – Verge.
Traders may buy the Verge token when the MACD crosses above its signal line (orange line) and sell, or short the Verge token XVG when the MACD (blue line) crosses below the signal line.
Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero – Above zero for a sustained period of time, and the trend is likely up or Below zero for a sustained period of time, and the trend is likely down.
Relative Strength Index (RSI)
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:
- RSI values of 70 or above indicate that an asset is becoming overbought and prime for a trend reversal or experience correction in the asset Verge (XVG) USD price.
- An RSI reading of 30 or below indicates an oversold or undervalued condition.
Moving average (MA)
MA is the average of the closing price over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:
- If the Verge (XVG) token USD price is above the X-day SMA, this signals a bullish movement.
- If the Verge (XVG) token USD price is below the X-day SMA, this signals a bearish movement.
MA(50,200) Crossover
Another important signal is a crossover between the 50-day and the 200-day moving averages.
- When the 50-day moving average (MA) crosses above the 200-day MA, it is called a golden cross. It signals that a new bullish Verge (XVG) USD price trend is starting.
- When the 50-day MA crosses below the 200-day MA, it is known as the death cross (bearish crossover). This is a sign that a bear market may be starting.
On-balance volume (OBV)
OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.
- If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
- If the Verge XVG USD price is rising and OBV is flat-lining or falling, the price may be near the top.
- In case the Verge XVG token price against US Dollar is falling and OBV is flat-lining or rising, then the price could be nearing a bottom.
Helpful Chart Patterns to remember while studying Verge (XVG) USD price movement
- Head and Shoulders
- Cup and Handle (bullish)
- Triangles (Symmetrical, Ascending and Descending)
- Double top and bottom [M (bearish) and W (bullish)]
- Triple Tops (bearish) & Bottoms (bullish)
- Elliott Wave theory