Interesting breakout Idea XVS Venus Coin.. Good opportunity !
Hello Traders
Another exciting day in crypto world. Btc attempting another attempt at highs.
Venus is another secret De-fi based gem! Daily chart speaks for itself and looking very good so far. for the technical point of view.
Daily Rsi(14) sitting comfortably at perfect 55 point at the moment. Mac is in positive zone but not giving clear signal. Still above ema 20 confident zone. However yesterdays volume alone was Impressive.. Profit sales took place last night but buyers were everywhere and they are absolute confident. Price action did not want to go down... 57 million usd volume on a coin that has 32 million usd market cap. Almost twice as much and yet we did not even come close to crashing. Maybe you did not fully understand this statement. I will put in different perspective. Bitcoin has 727 billion market cap so this volume equals to roughly 1.4 trillion usd volume. This is how big it is comparing to market caps in relative size. Very rare event.
So far we have many failed attempts at $ 5 range but as we discuss the volume is extreme levels ( highest to date so far) . It seems like it is ready to assault $5 range now with a bang. The moment daily chart closes above $5 this may trigger huge spike. Currently this chart targeting $7-8 usd(maybe even higher give the market cap is small anything can happen really). which is about roughly %60-80 percent profits. It is hard to predict when will this happen but any moment from now on can happen. I will update this chart as we progress.
Good luck for now ...
Another exciting day in crypto world. Btc attempting another attempt at highs.
Venus is another secret De-fi based gem! Daily chart speaks for itself and looking very good so far. for the technical point of view.
Daily Rsi(14) sitting comfortably at perfect 55 point at the moment. Mac is in positive zone but not giving clear signal. Still above ema 20 confident zone. However yesterdays volume alone was Impressive.. Profit sales took place last night but buyers were everywhere and they are absolute confident. Price action did not want to go down... 57 million usd volume on a coin that has 32 million usd market cap. Almost twice as much and yet we did not even come close to crashing. Maybe you did not fully understand this statement. I will put in different perspective. Bitcoin has 727 billion market cap so this volume equals to roughly 1.4 trillion usd volume. This is how big it is comparing to market caps in relative size. Very rare event.
So far we have many failed attempts at $ 5 range but as we discuss the volume is extreme levels ( highest to date so far) . It seems like it is ready to assault $5 range now with a bang. The moment daily chart closes above $5 this may trigger huge spike. Currently this chart targeting $7-8 usd(maybe even higher give the market cap is small anything can happen really). which is about roughly %60-80 percent profits. It is hard to predict when will this happen but any moment from now on can happen. I will update this chart as we progress.
Good luck for now ...
Comment:
So far we are following the pink/purple line. Selling volume is down by a lot. Classical trading strategy. If the price action can not go down in few days , it must go up. Next daily candle is very important. We are still way above ema 50 line. I am expecting good action tomorrow. past couple of days Btc is doing minor correction allowing alts to grow. This is golden opportunity for alt coin holders! venus coin 4.1 usd at the moment!
Comment:
Woow !! we just broke 0.5 usd in a matter of hours ..%25 increase!! Looks like we are following the chart 100%... Alt coin season is already arrived . We should close the daily candle above 0.52usd ( 0.55 preferable). If we can stay above , this can easly turn into violent rally to reach new highs. Pretty much I am repeating myself. I already said everything few days ago :)
Trade closed manually:
So far we are going according to plan however BTC getting really scary. I have mentioned the reasons on my btc chart.
For that reason , I am going to close my trade with %22 net profits. Once Btc more stable I will jump back in.
Trade closed: target reached:
Target Reached!!
Comment:
$4 to $9.9 huge jump in10 days. If you did take this trade is 147% profit...