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TradeDog-Research
Apr 21, 2021 12:50 PM

XVS-USDT(Cup and Handle Formation) Long

XVS / TetherUSBinance

Description

Venus Protocol is an algorithm-based money market system designed to bring a complete decentralized finance-based lending and credit system onto the Binance Smart Chain.
XVS has been trading in a Cup and Handle formation with the level of ~$95 as the horizontal level wherein breakout from the level may trigger the price to new highs.
Key Levels to watch out for-

The price may move to the levels of ~$120 after the breakout while the support to the lower side is present at ~$75.
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