XVG - on the "VERGE" of breaking out!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 XVG has been in a correction phase trading within the falling blue channels.

🏹As XVG approaches the lower bound of the channels, which lines up perfectly with the demand zone marked in red, it would be an attractive zone (at least for me) to look for longs.

🏹On the other hand, for the bulls to take over long-term, a break above the last major high marked in blue around $0.015 is needed.

For now, we wait! ⏱️

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich