๐ $XVG breaks the descending wedge โ Is the bullish explosion starting now? ๐๐
๐$XVG shows strong bullish signals after a clear break from the descending wedge pattern, which is a reversal pattern typically indicating a shift from negative to positive momentum.
This break shows that sellers are starting to lose control, and buyers are entering with confidence.
๐ Quick technical overview:
- Trading volume is increasing โ Genuine market participation
- Successful retest of the previous resistance area, which has now turned into support
- The bullish structure is still intact, reinforcing the likelihood of trend continuation
๐ Technical target: Potential gains of 50% to 60%+ if momentum continues and price holds above the new support.
๐ Monitor the current support area closely โ maintaining it will be key to sustaining the bullish trend and reclaiming previous peaks.
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