XVG IDEA (Give feedback)

Hey, this is my view on XVG. Could this be a possible scenario? I see a possible cup and handle or head and shoulders pattern forming right now. If either pattern completes we might see a break of the resitance line at 0.09. In short term we need to go down to create the handle or right shoulder. RSI is high and there is room for a drop??

I produce this idea to get feedback. the past 4 months i have been educating myself to read charts and make technical analysis. Please give feedback if this an unrealistic analysis