The extended 5th wave of prior impulse drove the current correction to deep retracement levels. However, the resulting breakout has also been impressive for Verge (XVG/BTC). The symmetrical triangle broke out after completing the wxyxz complex correction.
The V-Neck reversal is quite unusual for Altcoins but let this be an example of how some Cryptos might change their direction from down to up. The rise has thus far been in five waves and so a minor correction is expected. The MACD shows how as it got closer to the apex, it resolved to an upside breakout and that has made all the difference.
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