XVGUSDT is showing a strong move within a rising channel following a well-defined rounding bottom reversal. The focus is on the neckline of the rounding bottom, where wave 5 of the channel is expected to complete before a possible correction. This correction could evolve into either a cup and handle or an inverse head and shoulders (iH&S) pattern, time will reveal the structure. Watch the highlighted demand zone for potential accumulation opportunities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.