Xvs
Venus XVS Caution! Roller coaster is not for the faint of heart!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 $80 to $140 . (Against the background of purchases to get a new VRT reward token) and already during May 19, the price of XVSUSD fell from $140 to $32. Only spot traders could survive such a ride, while the deposits of marginals were confidently multiplied by 0.
Tonight, against the background of the BTC shot up, the price of XVS also showed an increase, although much better +50%
Such volatility is very dangerous to trade on a margin account, only on a spot.
By the way, the white route from our idea BTCUSDT worked pretty well
The weekly candle has worked out almost all its growth potential in a day
Let's define the key levels:
To continue the upward rally, the XVSUSDT price needs to be corrected, at least up to $20
The first target for growth is $35, if it is easily overcome, then hello $59-60.
Correction: here we will have to look at how powerful the growth will be and what the overall situation will be in the crypto market.
However, based on the current data, we believe that in the future it will be possible to place buckets for purchases on the spot in the liquidity zone of $10-11 . What if we get lucky and pour it, who knows what they have prepared for us in the future)
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
XVS-BTC - Is this thereversal for XVS (Venus) ?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.
My targets:
.000846 (daily 200MA)
.001273 (.236 fib)
.001673 (.382 fib)
.001996 (.5 fib)
If we break the double bottom I will sell my XVS and buy it back at the next support level around 0002895
Don't forget to get profit or set alerts when we hit our targets.
You can always buy it back on a retrace. It will not go in one straight line to the next targets.
Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC .
Your end goal should always be to increase your BTC amount.
Cheers and have fun.
° Be Patient – Don’t panic – Trade Emotionless.
° Never lose a winning trade. You can always get back in later.
Venus in a very hard wayVenus 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 triangle, we can see the price rise as much as the base of the triangle.In the uptrend, the price has a lot of resistance, which is indicated in the chart above by blue lines But in the downtrend it is observed that there is only one important support that cows should be very careful about.Currently, the possibility of a descent scenario is greater than the ascent.
This is just a technical analysis.
This is not a financial recommendation.
XVS In Neutral Zone , Buy After Breakout #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 Failed To Close Above The Bullish Candle. Now We Are In Sideways Until It's Close Above or Below The Bullish Candle. That's It ... I Will Suggest Don't Take Entry Without Breakout.
Bitcoin: Time for a bounce?If we break the local downtrend line, it is possible Bitcoin could go high enough to try the resistance at around $54k.
Do you think it'll happen? Let me know in the comments! :)
Coin Metrics:
The most recent price of BTC at the time of writing is: $36294.25.
The 200 Simple Moving Average (SMA) is at: $40353.3.
The percentage distance from the latest BTC price and the 200 SMA is: -10.0%.
A coin which has a price less than its 200 SMA is less costly on average than at any other time, and so this might be a good time to buy. Beware though that this may also be a part of a bearish trend, where the price might drop even further.
Average Candle Height (ACH) for BTC: 5.7%.
Average Candle Height is calculated as the average height of all candles (high - low) as a percentage of the high price. Bitcoin typically has about 5% ACH, while large market cap coins like Litecoin have around 8% ACH. Exceptionally volatile coins like XVS can have 15% ACH or more.
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