XVG/BTC (Descending Channel)

XVG/BTC

-Verge is on a daily downtrend since the top at 104 sat
-On the other side, it is forming a Bullish descending channel
-Confirmation is the breakout the trendline resistance
-The key area to watch is 57 sat as it has been previous resistance before
-Which has the high probability to flip new support territory
-Upside potential, it might revisit the 90 sat range in the future