XVG Potential Outcome

BITTREX:XVGBTC   Verge / Bitcoin
Some things I've noticed on the 1HR chart:

- Is that a bullish ascending triangle forming there? Will price action pierce through the resistance line on the top of that triangle? If it does, we may see another rise in price.

- Still trading above the Kumo cloud which is a bullish sign

- A breakout can be spotted on that bull pennant I drew out. Price broke through, retested, then continued it's move upward.

- Two flat bottom kumos can be spotted which is a bullish signal.

- RSI levels continue above 50% mark. This can indicate that the trend remains bullish . Will it pierce back down through the 50% mark? We'll have to wait and see ;P

- Blue convergence line continues tracing above the red baseline. Look how price action respects these levels. Each represents some fairly strong support levels.

I am no financial advisor! Do your research before making any investments. Invest at your own risk. PROTECT YOUR CAPITAL!

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