XVGBTC on local resistance on H4 with no fundamental information
Hi everyone on my update on XVGBTC analysis.
In past couple of days verge gained a bit of upside momentum but it was immediately stopped by 1.618 fibonnaci level and as a matter of facts if we won't break above it (65 sat fibonnaci 161.8 and 66 sat is previous HIGH on D1) we may retest 56 sat level . This is just one of possibilities of what may happen . Also lack of information from Verge team is a bad news.. all other projects are announcing some news but verge didn't do anything in past months.
There are speculation about possible partnership but if there was one they should announce it already... It seems like they still looking at options what they can do, but there is lack of information. Also I would like to point out that as they delay any announcement they are missing on people wanting to spend their money and hype which is around crypto right now. If they want to educate people about crypto, now is a good time as there is hype and people are more willingly to learn about it and lots of people want to do so.
This is just my own opinion, you may agree or disagree with it, i don't really care but I still think this project is really good one but lack of any news, promotion etc is bad for it. Also I don't really understand why they won't stand up against binance to add more pairs to trade it more freely . If there was more people would get more interested in it but for some reason they don't work towards that they are saying that they want to educate people but my question is which ONE? because the ones that do know the project they know what it stands for but we need to get more people (specially the NEW ones) to get to know project.
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Also I forgot to say that at 63 sat there is 50% fib. You can see that on my previous analysis.
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..."
In past couple of days verge gained a bit of upside momentum but it was immediately stopped by 1.618 fibonnaci level and as a matter of facts if we won't break above it (65 sat fibonnaci 161.8 and 66 sat is previous HIGH on D1) we may retest 56 sat level . This is just one of possibilities of what may happen . Also lack of information from Verge team is a bad news.. all other projects are announcing some news but verge didn't do anything in past months.
There are speculation about possible partnership but if there was one they should announce it already... It seems like they still looking at options what they can do, but there is lack of information. Also I would like to point out that as they delay any announcement they are missing on people wanting to spend their money and hype which is around crypto right now. If they want to educate people about crypto, now is a good time as there is hype and people are more willingly to learn about it and lots of people want to do so.
This is just my own opinion, you may agree or disagree with it, i don't really care but I still think this project is really good one but lack of any news, promotion etc is bad for it. Also I don't really understand why they won't stand up against binance to add more pairs to trade it more freely . If there was more people would get more interested in it but for some reason they don't work towards that they are saying that they want to educate people but my question is which ONE? because the ones that do know the project they know what it stands for but we need to get more people (specially the NEW ones) to get to know project.
////
Also I forgot to say that at 63 sat there is 50% fib. You can see that on my previous analysis.
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..."
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