Cup and handle is a continuation pattern.
If XVG stay in the trend line i expect that it will reach around 800 sat in 12 days.
You can buy in and place a stop loss under the trend line.
I also expect a correction before the announcement. (Buy the rumor, sell the news)
XVG will enter in ABC EW phase correction (Fib 5, 6 or 7). Or XVG will shoot up if its "crypto the biggest announcement".
If XVG stay in the trend line i expect that it will reach around 800 sat in 12 days.
You can buy in and place a stop loss under the trend line.
I also expect a correction before the announcement. (Buy the rumor, sell the news)
XVG will enter in ABC EW phase correction (Fib 5, 6 or 7). Or XVG will shoot up if its "crypto the biggest announcement".
Note
Next entry 600 sat
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.