Today I'd like to offer a different view with a comparison of two charts.
I find it interesting to compare both Venus (XVS) and Litentry (LIT) after their listing on Binance.
In my opinion, they formed the same pennant triangle with both a nice W pattern inside on daily timeframes.
Both ranged after their Binance listing for several months and as you can...
If the price can break the resistance level of $ 90 and stabilize in the lower time frames above this price, we can have a good buy...
However, we also pay attention to bitcoin price fluctuations and dominance movements...
- Above the Kumo, Tenkan, Kijun
- We break the ascending triangle
- pull back on the old resistance of the triangle
- Elliott Waves and Fib retracement -> target : 129$
- Resistance : 103$
- Target : 129$
The good part about Venus is that it is undergoing well accumulation stage.
Where buyers are consistently buying into it, as price rising steadily.
Rounding Bottom pattern is illustrating the pricing.
You can see accumulation starts from the bottom of the chart, expanding towards right side of the chart.
It is a good sign, as we see many other coins went through...