Waiting for a breakout from the area of convergence

BITTREX:XVGBTC   Verge / Bitcoin
There is a downward trendline , forming a triangle with previous support. This could be a large bull flag . XVG has moving averages converging towards this area. Overhead, there is heavy volume traded between 1000 and 1169. I am watching for a breakout to the upside to work its way back to the resistance above at the areas 1575, 1724. I am guessing an improvement in market sentiment from bitcoin bouncing off its support OR an announcement from the XVG team would be the likely catalyst for the pump. I don't see it going too much lower with all the followers and attention that it still has. If it reaches its previous high from these levels, that would be a 100% gain.
my eyes are in pain. more pure please
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