Vergecurrency 1H chart analysis XVGBTC
Updated
Hello everyone and welcome to my analysis on 1H interval for day traders.
So firstly I would like to point that verge made a higher high and positively retested previous resistance as support but as there was a pullback from tops around 98 sat we may retest potential support at 86 sat before further upside.
First resistance is seen at 98 sat followed by 107 sat where we have 61.8 fib (but stronger resistance is seen higher) at 78.6 fib and 88.6 fib. At the time of writing is really hard to tell which one is going to be more important but looking at order book I would point towards 88.6 as stronger resistance.
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..."
So firstly I would like to point that verge made a higher high and positively retested previous resistance as support but as there was a pullback from tops around 98 sat we may retest potential support at 86 sat before further upside.
First resistance is seen at 98 sat followed by 107 sat where we have 61.8 fib (but stronger resistance is seen higher) at 78.6 fib and 88.6 fib. At the time of writing is really hard to tell which one is going to be more important but looking at order book I would point towards 88.6 as stronger resistance.
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..."
Note
Buy zone reached.
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