XVG on the 'Verge' or forming a HUGE Cup and Handle (Technical Analysis w/ Visual Explanations)

Verge has been nosediving lately, but looking at the bigger picture on the daily graphs, XVG holders may have reason to be optimistic with the formation of what looks to be a cup and handle!

If this proves to be true, the bottom of the handle has not yet finished forming.
RSI on daily chart is at the bottom of the neutral zone, this along with the RSI divergence signals that it can go lower.

(notice the lower peaks in RSI)
MACD histogram also looks like it can go a little lower.

Purple lines are previous support lines. (Top purple line is the resistance line that must break for the c&h breakout to be successful)

Red line is fibonacci support line of .236 fib at 571 satoshis
If XVG retests and breaks down from 668 satoshi suport line, it should bounce back either around 571 or 500 satoshis,
SO...stack a few buys at 668 satoshi range, and between 500-571 satoshi range

stop loss 491 satoshis

IF XVG follows this general direction, get an astronaut suit and oxygen tank ready, verge may very well be gearing up for a moon mission (In this upcoming month).

Check out the full, interactive view below:

https://www.tradingview.com/chart/XVGBTC/Qy34sHnt-XVGBTC-potential-Cup-Handle-spotted-Buying-opportunity-soon/

Any other questions or concerns? Feel free to ask in the comment section.

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ETH Address: 0xf7D170C314ED682a76A93070E6aEEAa90A9B7Bc4