For a few days now XVG was trending down on the RSI, the downward trend seems to be broken. However a good breakthrough did not happen yet. The 24 hr Volume on coinmarketcap.com showed it nearly doubled yesterday, today it's declining.
I think XVG will consolidate until it nears the end of the triangle I drawn.
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Little heads up, earlier someone claimed McAfee told him XVG would "possibly" reach $15. this msg was a fake, see:
McAfee tweeted about this, cause ppl to dump XVG. You can do all you want with TA, but this is stuff that makes things go up and down in a hurry. And I guess it's the charm of these coins as well.
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*caused ppl to dump
However ... The bottom line was not broken yet and it bounced nicely. Very interesting to see where this is going.
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update, the lower trend line was clearly broken just now. Normally I would say, this is a bearish sign. However we are still anticipating the "Wraith Protocol" release. This should be released any day now (before the end of 2017). If this is true, we might still see a surge in price. If this deadline is not met, we might continue to go bearish.