XVGBTC 4H chart Vergecurrency trading

BINANCE:XVGBTC   Verge / Bitcoin
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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