Hi everyone on my next analysis.
As I posted previously we have seen resistance at 161.8 FIB at 65 sat and we positively retested previous resistance as support at 52-54 sat from where we had a big gain. I would like to point that this gain is kind of similar to the pattern I saw recently on ANKR before coinbase announcement. Is coinbase buying Verge before announcing adding it to their exchange? there is high chance of that as they were previously fined for market manipulation and move like this wouldn't surprise me at all.. This is something comonly done by big exchanges to get ahead of people to get better price as this kind of announcement are having big effect of coins.
This is just speculation, this isn't any news or inside information, I'm just comparing what I have noticed on previously announced coins and buying scheme. Also coinbase was fined for using a BOT to trade for them and I can see similar action being made currently on verge and with that in mind I'm seeing someone accumulating big amound of Vergecurrency before some kind of announcment, what is it going to be? no one know ....
I would recommend everyone doing their own research as it is most important think to do before investing in something.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
As I posted previously we have seen resistance at 161.8 FIB at 65 sat and we positively retested previous resistance as support at 52-54 sat from where we had a big gain. I would like to point that this gain is kind of similar to the pattern I saw recently on ANKR before coinbase announcement. Is coinbase buying Verge before announcing adding it to their exchange? there is high chance of that as they were previously fined for market manipulation and move like this wouldn't surprise me at all.. This is something comonly done by big exchanges to get ahead of people to get better price as this kind of announcement are having big effect of coins.
This is just speculation, this isn't any news or inside information, I'm just comparing what I have noticed on previously announced coins and buying scheme. Also coinbase was fined for using a BOT to trade for them and I can see similar action being made currently on verge and with that in mind I'm seeing someone accumulating big amound of Vergecurrency before some kind of announcment, what is it going to be? no one know ....
I would recommend everyone doing their own research as it is most important think to do before investing in something.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."