Hi everyone on my next analysis of verge currency.
As I highlighted a couple days ago, that verge may go further to the downside to scare people and so that wales may accumulate more of it. At the time of writing this analysis we have seen a defensive of 61.8 fibonnaci at 39 sat. Also we did see a big gain in volumen when price fell below that level which means that someone doesn't want it to fall lower, which may indicate that this is our strong support for now. But nothing should be taken for granted .
From fundamentals, binance has a timer set for 26th to reopen deposits and withdrawals of verge which is a good information, also i think around the same time bittrex will reopen. Verge team announced that it should be soon. After reopening there may be a sale of verge as people will panic sell but that will only affect those who are selling as there is not a single reason to believe that verge is dying or dead. The team is working tirelessly to fix the problems as they occur so that is a good think rather than bad.
Just read my quote before making any decision, maybe this will help you make a decision. Patience is the key!
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 highlighted a couple days ago, that verge may go further to the downside to scare people and so that wales may accumulate more of it. At the time of writing this analysis we have seen a defensive of 61.8 fibonnaci at 39 sat. Also we did see a big gain in volumen when price fell below that level which means that someone doesn't want it to fall lower, which may indicate that this is our strong support for now. But nothing should be taken for granted .
From fundamentals, binance has a timer set for 26th to reopen deposits and withdrawals of verge which is a good information, also i think around the same time bittrex will reopen. Verge team announced that it should be soon. After reopening there may be a sale of verge as people will panic sell but that will only affect those who are selling as there is not a single reason to believe that verge is dying or dead. The team is working tirelessly to fix the problems as they occur so that is a good think rather than bad.
Just read my quote before making any decision, maybe this will help you make a decision. Patience is the key!
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..."