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.
Xvs
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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XVSUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
We have drawn a support line for you that if that line is lost, the price will lose its power, but as long as it fluctuates above that line, we will enter into a trade for the above goals.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
[LITUSDT] 3000% potential long term?!Hi all,
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 see Venus exploded. Will LIT follow the same path?
Realistic targets would bring us on LIT at $18 (where it was $9 for XVS back then).
Now, as you can see on Venus, it went up to $130 to this day, which would mean LIT with a similar parabolic movement could easily reach $40-100 prices.
Current marketcap for LIT: 170M (so atleast potential *9 to reach XVS's marketcap)
Circulation supply for LIT: 18.3m
Current marketcap for XVS: 1.3B
Circulation supply for XVS: 9.7m
Even though both projects are not direct concurrents, they're both great projects with good improvements for the DeFi ecosystem. Fundamentals are good for both. Litentry (LIT) remains a new project nevertheless and is still at the beginning.
This is absolutely not an investment advice, DYOR.
Keep an eye on LIT as if it follows XVS's breakout we will see a massive growth from its current ATH, around $18.
There are a lot of "if" for this scenario to happen, but with a massive alt rally expected by many in the next couple of weeks, it could become reaLITy.
Good luck everyone! :)