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Verge (XVG) Technical Analysis – Is Verge on The Verge?

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Verge
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After bottoming out at the $.02 level back in mid-March, Verge (XVG) witnessed a steady rise into the month of April preceding its announced arrangement with Mindgeek, who owns Pornhub and other adult entertainment sites.

On the day of its announced partnership with Mindgeek, both investors/traders were treated to wild; volatile action, which witnessed XVG being whipsawed all over the map on enormous volume with the coin closing-out the session of 4-17-18 at $.0725 on greater than 6X its average daily volume. Talk about whiplash.

Nevertheless, things seemed to have calmed down since as it was apparent that both investors/traders attempted to make some sense of the arrangement between XVG and Mindgeek. With that behind us, let’s take a closer look at XVG from a technical perspective and drill in a bit by glancing at the daily chart below:

As we can observe above, XVG appears to have put in a bottom in mid-March at the $.023 level and was progressing smartly into the mid-April announcement where XVG was the recipient of a 350% move out of its lows. Additionally, Verge (XVG) recaptured both its 50 and 200-Day moving averages in the process placing XVG in a favorable technical posture where it remains today despite the wild action on 4-17-18.

Thus, while both investors/traders had to deal with the sloppy trading action of 4-17-18, which has subsequently harnessed the move, for the time being, XVG remains in relatively decent technical shape with the coin trading above its 20/50 and 200-Day moving averages, respectively.

However, although XVG continues to display decent relative strength, it will have to contend with the large volume red daily bar in order for XVG to regain its Mojo prior to its recent announcement with Mindgeek.

Therefore, moving forward, both investors/traders will need to see XVG trade above the $.118 figure and be capable of holding noted level before any further progress is attained, while the $.058 level, which just so happens to coincide with both the 50 and 200-Day moving averages, provides short-term support.

In answer to our title of, “Is Verge on The Verge?”, the simple answer is, not yet. However, we’ll leave you with some positive news. As we keystroke these words, it was just announced that Bitfinex will now support XVG on their platform, which ultimately, provides for additional liquidity and eyes.

Happy Trading!

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of brian donovan via Flickr

Chart courtesy of Trading View

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also…

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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