Hello everyone and welcome to my analysis of verge to USD.
As you can see on the chart I compared previous correction to the current one and from that we can see that price is trying to get to 61.8 fib also to the bottom of 1:1 formation. This isn't a big surprise that bottom of 1:1 is at fibonnaci retracment levels. In my opinion this levels is very technical. As a matter of facts you can see ANKR analysis to USD which I have made yesterday where I pointed out that there is a good opportunity on that pair at 61.8 and it rallied more than 25% in a few hours.
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 you can see on the chart I compared previous correction to the current one and from that we can see that price is trying to get to 61.8 fib also to the bottom of 1:1 formation. This isn't a big surprise that bottom of 1:1 is at fibonnaci retracment levels. In my opinion this levels is very technical. As a matter of facts you can see ANKR analysis to USD which I have made yesterday where I pointed out that there is a good opportunity on that pair at 61.8 and it rallied more than 25% in a few hours.
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..."