TradeCityPro | XVS : Navigating Market Dynamics👋 Welcome to TradeCityPro!
In this analysis, I want to review the XVS coin for you, as requested in the comments. So, I decided to analyze this coin in weekly, daily, and four-hour timeframes.
🔍 The Venus project is one of the DeFi projects active in Lend and Borrow, boasting a TVL of $1.88 billion, ranking it among the top platforms on the Binance network. It's one of the most reputable projects on this network. The project's coin, named XVS, offers additional capabilities on this platform through staking and holding.
📅 Weekly Timeframe
In the weekly timeframe, we see a very large range box starting from a floor of 3.34 and a ceiling at 17.61. XVS is considered a heavy coin due to a lot of staking and a significant number of whales and holders. This means it experiences fewer fluctuations because it has a large amount of money invested in it. Despite Bitcoin and other coins that are near or even above their previous ATHs, this coin is still in its consolidation box.
✨ Another very important support is at 5.45, which is crucial and the price has hit it several times. The market volume started to decrease after reaching the resistance at 17.61 but has increased again in recent weeks. This shows that whales are moving back towards this coin, increasing both the inflow and outflow of money, and consequently, the 24-hour volume has also increased.
🚀 If the price can stabilize above 17.61, we can expect the start of an upward trend and the price could move towards higher targets. The targets for this coin are at 38.73 and 141 dollars. Given the market cap of 137 million dollars, if the project becomes one of the successful crypto projects and attracts more holders and whales, the targets I mentioned will be attainable and not far-fetched.
⚡️ Another important note in the chart is that the 5.45 support, as I mentioned, is crucial, and if it breaks and the RSI also drops below 38.36, the situation for this coin will be very grim. We can expect the price to even break below the floor of 3.34 and move towards newer lows.
📅 Daily Timeframe
As you can see in the daily timeframe, after breaking 7.99, the price moved down to 4.98, but we observed a V pattern in the price that caused it to move back above 7.99. Given the large volume of buying seen in the candles, it seems a significant upward momentum has entered the market, and I believe if the price can continue upwards and break the 11.85 area, we can expect the next bullish leg and even the appropriate momentum to break the 1.49 to finally start the upward trend of this coin in higher cycles.
🔽 On the other hand, if the price forms a lower ceiling relative to 11.85 and moves back towards 4.98, if this area breaks, the next support will be at 3.33. In the RSI, for a bullish position and to confirm the upward trend, breaking the 70 area can give us a suitable confirmation, but for a downward momentum, I currently don’t have a specific trigger and we need to wait for the site and market structure to form to see what trigger it gives us for the entry of downward momentum.
⏳ 4-Hour Timeframe
Let's go to the 4-hour timeframe to specify the futures triggers. As you can see, we can observe the last bullish leg of the price in this timeframe with more details.
📊 After being supported at 4.87 and moving upwards, the price reached 9.10. As you see above, a divergence in the RSI has occurred. Despite the price hitting two identical peaks at 9.10, the RSI has made a lower peak, which could indicate a divergence. The divergence trigger, which was the 50 area, was activated in yesterday’s candle, and we can expect to see the effect of this divergence in the market.
💥 However, keep in mind that in bullish trends with very high momentum, the presence of divergence is due to the mathematical calculations of the RSI and is completely natural. So until the price falls below the 7.69 area, we will not see the effect of the divergence on the price, and the divergence we see will simply be due to the formula and mathematical calculations of the RSI.
🧩 If the 7.69 area breaks, the price might make deeper corrections down to the 0.382 and 0.618 Fibonacci levels, which correspond to areas of 7 dollars and 6.12 dollars respectively. For a long position, our task is very clear and has a good trigger. If the 9.10 area breaks, we can open a long position towards the 11.85 target.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Xvs
Long Entry Signal for XVS/USDT - Trading System Confirmation
Long entry signal for XVS/USDT confirmed by the trading system
Based on our custom trading system rules, we had an initial long entry signal for XVS/USDT on February 12th, and the price has remained steady since then. Given that the system's conditions for a long position are still met, we can consider entering a long position today:
MLR Crosses SMA: The Moving Regression Line (MLR) in blue has crossed above the Simple Moving Average (SMA) in pink, indicating a shift towards a bullish trend, which was confirmed on February 12th.
MLR Crosses BB Center Line: The MLR has also crossed over the Bollinger Bands Center Line in orange, further confirming the bullish momentum at the time of the initial signal.
PSAR Flips: The Parabolic SAR (PSAR), shown by black dots, has flipped to bull, signaling a bullish trend as it follows the MLR, which has continued to be the case.
Price Above 200-period MA: The current price is above the 200-period Moving Average in red, confirming a long-term bullish trend that persists.
Entry Strategy:
Action: Enter a long position on XVS/USDT today, given the sustained conditions from the initial signal.
Risk Management:
Trailing Stop: Set your trailing stop at the current PSAR level, which will adjust dynamically with price movements to protect your position.
Standard Exit Strategy:
Exit: Continue to monitor for when the MLR crosses back below the SMA. This crossover will signal a potential end to the bullish trend and an opportunity to exit the position.
This signal presents a potential trading opportunity according to our system's parameters, especially since the initial conditions have remained favorable. Remember, always consider additional analysis and risk management practices before making trading decisions.
That is it
Disclaimer: This idea is for educational purposes only and should not be considered financial advice. Always do your own research or consult with a financial advisor before trading.
XVSUSDT | High PotentialThe blue boxes on the XVS chart represent strong demand zones, especially when analyzed on higher time frames (HTF).
While price may dip lower within these zones, they offer potential for quick reactions and short-term opportunities, making them ideal for scalping or intraday trades. For HTF traders, deeper entries can be targeted at lower levels for more substantial long positions.
Balancing between immediate reactions and a long-term perspective allows flexibility in capturing both short-term gains and larger moves within the broader trend.
Spot buys will be a safer choice here.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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XVSUSDT: Eyeing a Breakout with Strong VolumeXVSUSDT is showing positive volume momentum and increasing buyer strength. The current price action is approaching a critical resistance level, and a breakout could pave the way for a significant move.
Key Levels to Watch:
Resistance Break: A confirmed break above the resistance may signal the start of a bullish trend.
Stop Level: My stop-loss is set at $11.1, ensuring risk management in case of a pullback.
Why XVS Stands Out:
The combination of rising volume and buyer power suggests strong accumulation, making XVS a promising candidate for a potential breakout.
Let’s see how this unfolds—patience and discipline remain key!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
#XVS/USDT#XVS
The price is moving in a downtrend on a 4-hour frame
After bouncing from a major support area in green at the $9 level
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 9.30
First goal 10.43
Second goal 11.94
Third goal 13.38
Venus (XVS)XVS (Venus) Coin is one of the prominent projects in the field of decentralized finance (DeFi) that has significant growth potential due to its low market cap. This analysis highlights the following points:
📊 Comprehensive Analysis of XVS
🔍 Overview of the Analysis:
Formation of PRZ (Potential Reversal Zone):
A key area consisting of the weekly resistance and ascending channel ceiling, which could determine the continuation of the price trend. Breaking this zone is crucial for further upward movement.
🕰 Technical Analysis:
Current Status (Short-term):
In the daily timeframe, the price is currently testing the daily resistance (yellow zone). It is highly likely that this resistance will break, leading the price to the PRZ area.
Significance of PRZ:
The PRZ, formed by the weekly resistance and ascending channel ceiling, acts as a critical decision point. Breaking this zone could trigger a powerful and sharp upward movement.
🎯 Price Targets:
First Target: The green resistance area, aligned with the 1.618 Fibonacci level.
Second Target: The all-time high, coinciding with the 2.618 Fibonacci level.
📌 Key Takeaways:
Breaking the daily resistance (yellow area) in the short term is likely to guide the price toward the PRZ.
Breaking the PRZ (weekly resistance and the ascending channel ceiling) is essential for sustaining the upward trend.
Crack the code of XVS with XABCD!XVS Coin (Venus Coin) Chart Characteristics
Volatility:
XVS, like many other altcoins, exhibits high volatility, especially during periods of increased market activity or when Venus protocol-related updates are released.
Sharp price spikes and dips are common, making it an ideal candidate for pattern-based trading.
Trend Behavior:
XVS often moves in trends driven by broader market sentiment, such as Bitcoin price movements, or specific news related to DeFi and the Venus ecosystem.
It tends to form strong rallies during bullish cycles but can also experience steep corrections.
Volume Patterns:
Trading volumes can be irregular, often spiking during significant announcements or broader market rallies.
High volume during breakout points or pattern completions can confirm price movements.
Support and Resistance:
XVS charts often show well-defined support and resistance levels, which align with Fibonacci retracement or extension levels.
These levels play a crucial role in identifying potential XABCD patterns.
XABCD Pattern Characteristics
The XABCD pattern is a harmonic trading pattern used to identify potential reversal zones. It includes various specific patterns, such as Gartley, Bat, Butterfly, and Crab, each with unique Fibonacci ratios. Here’s a breakdown:
Structure:
The XABCD pattern consists of five points (X, A, B, C, D) that form four legs (XA, AB, BC, CD). These legs follow Fibonacci ratios to define the pattern.
Each variation (e.g., Gartley or Butterfly) has distinct Fibonacci retracements and extensions.
Key Elements:
XA: The initial move in price, which sets the foundation for the pattern.
AB: A retracement of the XA leg, typically around 38.2% to 61.8% of XA.
BC: A secondary retracement, often 38.2% to 88.6% of AB.
CD: The final leg, extending beyond BC, with specific Fibonacci targets depending on the pattern.
Types of Patterns:
Gartley: Features a deep retracement (61.8%) of the XA leg and a completion point at D near 78.6%.
Bat: Similar to the Gartley but with a shallower AB retracement and D completing at 88.6%.
Butterfly: Extends beyond XA, with the D point reaching a 127.2% or 161.8% extension.
Crab: Features an extreme extension of the XA leg, with the D point reaching a 161.8% or beyond.
Confirmation:
A valid XABCD pattern should align with Fibonacci levels. Traders often wait for price action or other indicators (like RSI divergence) to confirm the reversal.
Applying XABCD Patterns to XVS Coin
When trading XVS using XABCD patterns:
Look for clear impulsive and corrective waves that align with the pattern's structure.
Use Fibonacci tools to verify retracements and extensions.
Confirm potential reversal zones (PRZ) near the D point with additional signals like volume spikes or momentum divergence.
Monitor support/resistance zones for added confluence with pattern completion.
This approach allows you to predict potential reversals or continuations in XVS price, offering well-defined risk-reward opportunities.
I keep my charts clean and simple because I believe clarity leads to better decisions. Trading doesn’t have to be overly complicated, and I enjoy sharing setups that have worked well for me.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. It’s all about learning and growing together as traders, and I’m here to share what I see.
The markets can confirm what the charts whisper if we’re paying attention. I hope these levels help you as much as they’ve helped me in the past. Let’s see how this plays out!
My Previous Hits
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
Venus? Moon? Who Cares?XVS, also known as Venus, has experienced a sudden price surge and an increase in volume. As a result, I have identified two potential demand zones.
These zones are based on the assumption that they could act as strong support levels, where buying interest might re-emerge due to the current momentum and the underlying market structure.
If the price retraces to these zones, they could provide an opportunity for a rebound, as they represent areas where buyers might step in again to drive the price higher.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
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Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
XVS ANALYSIS (12H)From where we put the red arrow on the chart, it looks like the XVS correction has started.
XVS is approaching a flip range
We are looking for sell/short positions in the red range.
We have specified short-term targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XVS sell/short setupThe structure of large time frames is bearish. So we are looking for sell/short positions in the main supply ranges.
We are looking for sell/short positions on the supply range.
We specified the targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
XVS #Crypto Inverse head and ShouldersThe big question ???
What kind of right shoulder will it give us?
If it just breaks the neckline --- there is a chance it just goes.
A sell the news event could be a golden entry though
The news as I hear --- this Crypto is soon to be deployed on #ETH
And the rate of emissions is to be reduced.
Let's monitor.
XVS UPDATE (1D)It seems to have risen with a bullish diametric and now we are at the end of wave G which is the last wave of this diametric.
After the end of the G wave, we expect a pullback towards the support areas
On the green range, you can look for a buy/long position.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
📈XVS Breaks Resistance: Eyes on $41.13 Target?🚀💎🔍XVS reacts positively at resistance of $12.86, signaling potential for further upside.
🔥The next target for XVS stands at $41.13, backed by support from Binance and promising project potential.
🚀For current holders, consider holding rather than taking profits, as XVS shows potential for greater gains amid bullish trends.
📊Increased volume post-resistance breakout suggests renewed interest from investors, potentially driving further price appreciation.
💥RSI nearing resistance at 80.34 warrants attention for potential overbought conditions and subsequent market reaction.
❌Consider Bitcoin's ATH and potential for correction, as XVS's technical analysis may be influenced by Bitcoin's movements.
🚨Exercise caution: Should XVS/BTC initiate a downturn alongside Bitcoin correction, consider exiting positions or implementing stop-loss orders for new entries.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
XVS/USDT Main trend. 11 September 23Logarithm. Time frame 1 week. The graph shows the entire trading history of this cryptocurrency Binance exchange. Now is a very important zone for the development of a further trend in the medium term.
Looks like this on a linear one.
Secondary trend. Horizontal channel zone. Time frame 3 days.
API3 BULLISH PENNANT PATTERNThroughout this week, BINANCE:API3USDT had a gain of more than 50% in a span of two days as of this writing.
Currently, the coin is moving sideways after a major bullish move and is expected that the price will consolidate and wait for a possible bullish pattern- true enough we saw a bullish pennant.
I will update my chart analysis for API3 in the chart on the idea threads below. Happy trading!
XVS: Expecting Further Sideways Movement and Long Position AccumI anticipate XVS to continue trading within its current sideways range, as the price is currently near the lower boundary of this range. Therefore, I've taken a long position with the strategy of trading from the range boundaries. Over the course of several days, market makers are likely to accumulate positions within this range. This accumulation may lead to an upward move towards the upper boundary of the range, or at the very least, towards the midpoint.
XVS/USDT Indicating downward movement retrace on support!💎 XVS has witnessed significant developments in the market.
💎 Presently, XVS has broken down the support trendline, indicating the potential for a downward movement with a retracement to the support area around 9.5. A prudent strategy involves waiting for XVS to reach this support level.
💎 If it successfully bounces, there's a possibility of a return to upward movement, probability aiming to break and reach our target strong resistance area
💎 However, if XVS reaches the support area and shows weak consolidation with low volume, it raises concerns. A lack of a robust response may signify the risk of XVS losing support. In such a scenario, a bearish trend is confirmed, and the next downward target could be the demand area around 6.3.
💎 To maintain an upward trajectory, XVS must bounce at the demand area and reclaim the position above the resistance area. Failure to do so may result in a continued downward movement, potentially reaching the strong support area.
TEZOS FORMING A POSSIBLE CUP AND HANDLEIn this chart of BINANCE:XTZUSDT , the coin is forming a possible cup and handle formation,
a bullish pattern in trading. In this idea, I will provide some keys and strategies in trading at this stage. So, stay tuned for the updeates on the idea threads below.
Happy trading and may all of us more profitable this 2024!