Technical analysis by BuemOOn about Symbol XVG: Buy recommendation (7/7/2023)

XVGUSDT Ascending Triangle Pattern Here we see the uncommon formation of an ascending triangle. This is a good sign of the continuation of the current trend. Wait for the break out upwards but expect a retrace and bounce of the resistance line. Enter where you like, on the breakout (candle finishing above the upper line) or on the retest depending on how aggressive of a trader you are. This pattern is considered quite reliable with a 83% success rate in a bull market. This also means it can fail so trade at your risk!!!!