BINANCE:XVGUSD   Verge / US Dollar (calculated by TradingView)
An almost perfect cup with a base of 2000% formed. Rollback from the resistance of the cup (yellow level) by -81%, the price is at the dynamic support of this formation.

If there is a local reversal breakout of the local downtrend (red). Potentially, within the framework of the formation of the 3rd phase of the cup, the "Dragon" formation is being worked out. The resistance of the cup to fly on this "rocket plane" is about + 180%.

This coin on coinmarketcap: XVG (Verge)

XVG / USDT Local work. Large cup. The Dragon.

If the price overcomes this resistance and consolidates, then the potential for working out the "cup and handle" is enormous (the bottom of the cup is 2000%). The target are impressive, but it probably won't happen now. To the historical highs of these values ​​+ 900%.

But do not forget that from the 2nd phase of the cup (accumulation after reset) the price is now about + 560% against the dollar, take this into account in your trading. Comply with risk management and limit them.

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