XVS Potential Bounce Playing Out | Easy 45 to 80%

XVSBTC is now bouncing towards an easy 45 to 80% jump.

Here we have lots of interesting data coming out of this chart.

XVSBTC hit an ATH mid-May followed by a strong decline... High bear volume that suddenly went flat.

Today we see prices moving above EMA10 (first bullish signal).

We have also what is called "hidden bullish divergence" between the MACD and XVSBTC.

The RSI went through a reset and is starting to trend up strong (third bullish signal).

The bearish cross between EMA10/EMA50 normally leads to a bounce.

Any drop can lead to a bounce eventually and this can now become true.

Looking at the structure of the chart, we are likely witnessing a correction that will end with the uptrend resuming soon...
Regardless, we are looking at the short term move now taking place.

If XVSBTC manages to close above 0.0007905, it is easy to see the 0.618 Fib. level hit next for ~80%.

This is not a chart that I would personally share as a trade but definitely a good if you have experience trading.

It can be good for quick profits

This is not financial advice.
This information is shared for learning/entertainment purposes only.

Thank you for reading.


Namaste.