XVG technical analysis 1/6: More upside in-store!

If we take a look at the 5 minute time frame, XVG is currently bouncing between the symmetrical triangle drawn, with RSI nearing oversold conditions, indicating we have room for upward movement. Current support is around 1030 satoshi, so look for entry points! A breakout should occur within 5 hours.

Now if we zoom out to the 30 minute, you can see XVG is following wedge after wedge... Each resistance line (gold) we breakthrough, pushes us into the next wedge. We are looking to break the 3rd wedge for some serious mooning! Again, RSI is relatively low, allowing room for growth.

On the hourly time frame, the symmetrical triangle becomes very apparent. If Verge breaks through this last downtrend resistance, 2000+ satoshi is very likely!

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