XVG is channeling inside a range (38-47 sat) and is trying to break the resistance ( the top of the rectangle) to reach the top of the channel (51-53 sat).
We note that XVG has broken a trend reversal figure (falling wedge) and the oscillator is pointing up.
The monthly chart shows that XVG has reached its lowest value since dec 1, 2017 and the oscillator depicts an oversold situation.
Entry: 45
SL: 42
TP1: 51
TP2: 52
TP3: 56
TP4: 66
We note that XVG has broken a trend reversal figure (falling wedge) and the oscillator is pointing up.
SL: 42
TP1: 51
TP2: 52
TP3: 56
TP4: 66