Venus (XVS) is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
The combination of Defi project + binding to Binance gave a good result, the price of XVSUSDT increased from $2 to almost $150
But the real roller coaster for traders happened on May 18-19, then the price for 2 hours increased from...
Ok... The last one is Venus (XVSUSDT).
Notice I always draw a green arrow here on the chart.
This arrow represents the potential bullish scenario but there is a catch.
This is not to say that XVSUSDT will move right away up, but this can happen.
This means that above the current price levels the potential remains up but I am never predicting time.
XVS is heading to 34$ and 42$ zones this October. But if it loses this 27$ zone, we will consider buying it back at 23$ zone
♻️Condition : If 1-Day closes ABOVE 27$ zone
🔴Buy : 27
🔴Sell : 34 - 42
♻️Condition : If 1-Day closes BELOW 27$ zone
🔵Sell : 27
🔵Buy : 23
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main...
The price has broke out of the formation and is now testing the most important level (35.5)
I believe it's a strong entry because:
1) This level proved to act as strong support/resistance in the past
2) It goes along with the upper trendline of the formation
3) The price is above 200EMA on daily chart
5) MFI 1h shows big divergence
4) Price can spike very quick...
XVSBTC formed nice falling wedge, reversal pattern, which already confirmed with higher low and running flat continuation correction.
This behavior suggests a beginning of a new up trend and higher highs soon.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉...
Is this the reversal for XVS ?
We received a daily buy signal for the XVS-BTC pair.
If we look left we also can see that we bounced back up from a double bottom.
I bought some more XVS this morning (for the long term) just before the 20EMA/50SMA cross up on the 1hour candles.
.000846 (daily 200MA)
.001273 (.236 fib)
.001673 (.382 fib)
Venus has been trying to climb in the past few days, but market confusion has prevented prices from rising and caused the market to suffer in the last 3-4 days.Now in the chart above we have seen the emergence of a symmetrical triangle pattern The symmetrical triangle pattern is generally a continuous pattern But if a green candlestick closes above the top of the...
Hey hey my friends 👋
We are looking for a quick in and out of this one
Riding this one to the 200 EMA on the 1hr TF for target area
Altcoins are high risk, use smart amounts and stop losses or have a DCA strategy in place
#XVS 1D Chart Analysis... Most Requested
After A Big XVS Goes 85% Down From It's All Time High. After A Long Corretion XVS Goes Below It's Strong Support Zone. After That XVS Created A Bullish Engulfing Candlestick & Closed Above Support Zone. But Next Couple Of Daily Candle Tried To Close Above The Bullish Engulfing Candelistick High. Serially All 4 Candles...