XVGBTC 4H chart Vergecurrency trading

Hi everyone and welcome to my 4H chart analysis of vergecurrency XVGBTC.

First of all its worth mentioning that verge made higher high on 1h and 4h chart which indicates further upside momentum in near term.
So with that in mind I would like to spot that there are 4 potential resistances on 4H chart, first one is 78.6 fibonnaci level, next one which in my opinion is a bit stronger is 88.6 fibonnaci and if we will manage to get above those we have 2 extension levels which are 127.2 fibonnaci and 161.8. I would like to point that around 155 sat we also have a 161.8 fibonnaci extension from Weekly and daily chart which means that we may not get to 161.8 on 4H chart as higher time frame has a priority over lower.

This information is not a recommendation to buy or sell. It is to be used for educational purposes only.

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