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Venusbtc

Venus (XVS) formed bullish Gartley for upto 11% pumpHi dear friends, hope you are well and welcome to the new trade setup of Venus (XVS) with Bitcoin pair. In the previous trade setup, for a while the priceline moved below the potential reversal zone, however, recovered soon and pumped well. Now on a 4-hr time frame, XVS has formed a bullish Gartley move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
1
VENUS IS 2ND CLOSEST PLANET TO THE MOON🌙📈😋Hello Traders😃 Today we will consider the trading pair XVS/USDT and tweak just a few things in our analysis. Alright lets start! In our previous analysis (linked below) on XVS, we talked about how Venus could reach a price target of $500 & higher. In this analysis, we will add a few updates to that idea. After readjusting the lower trendline and a few other adjustments, this is what I came up with for the coin 38 million kilometers away from the moon (good things take time no😜). After gathering more knowledge about Wave trading, i decided to re-do this analysis. Currently XVS is resting just above the 0.5 fibonacci retracement level after a +12000% growth in its price from its listing date. Should this be the bottom, we will consider this a First Extension Wave (Rule states that if wave 2 falls into 0.5 fib territory, then wave 1 cannot be the longest). Should the above paragraph be the case for Venus, we then take the 61.8 measurement of wave 1 and target just below the 1.618 fib resistance for wave 3 as shown in the chart above. However, if we do get a deeper retracement into the 61.8 fibonacci support, we no longer can say wave 1 will be the longest. Should that be the case, we could have a wave 3 extension instead, meaning price growth will be larger and longer than wave 1 (in this case, could be wave 5 extension too, but if wave 1 touches 0.5 fib, wave 3 cannot be the shortest of the 5 according to the rules). If the first scenario plays out, Wave 3 target will be at about $400(middle of the park) and afterwards get a retracement wave 4 to current ath's and up all the way to $750 for wave 5. Should the 2nd scenario play out, We would see a retracement from here back to the 61.8 fib support and with a larger global target of at least $1000, making it longer than wave 1 as stated earlier if certain conditions are met. If you found this helpful or agree with this idea, a like, comment and share would be appreciated. Trade safe.🙏⚡
Long
by RektMyMom
13