Verge on its way to fibonnaci levels (XVG BTC Verge) Verge4Life

Hello everyone,

Looking at daily chart we can see that after price broke thru last high of 62 sat we had a pullback to 61.8 FIB (also correction completed ABC on lower interval which has finished at 78.6 FIB last rally or Fibonnaci extension 1:1). Also I would like to point that we are still in strong uptrend on this pair and the next targets on my list are 79 sat which is fibonnaci extension 1:1 from big perspective also 161.8 fibonnaci from biggest correction. In my previous analysis I was pointing that below this levels at 73-74 sat we have 61.8 FIB which is also important but I think that we may have a small pullback from 73-74 area and fake breakout to 79 sat from where we can expect bigger correction (UP to 62-66 area) .

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

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