Cup and handle break out potential!

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From TA point of view XVG is forming a cup and handle pattern, not a perfect one, but still. If the break out occurs it may see a rise to 2000 sats quickly even before XVG's announcement is made. The question is - do charts drive the events or vice versa? :)
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Short term trading buy opportunity is coming at 630-680 mark with a sell for profit bounce within 730-780 range. While cup and handle pattern has not executed yet it may still show reversal and target higher highs in the next month.
Beyond Technical AnalysisChart PatternsTrend Analysis

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