XVS/BTC (3rd Time Support Retest?)💎Technical Analysis Summary💎
BINANCE: XVSBTC
-XVS is back at its previous key support area around the 1900s sat
-This is the 3rd time it well tested and it is very crucial
-Because as we all know, the more the support is tested
-The more it gets weaker over time so this is not good
-So please be cautious buying in this region
-But if you are, please have a stop loss is placed
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XVSUSD
XVS/USDT (2nd Rejection at 4 Dollars)💎Technical Analysis Summary💎
BINANCE: XVSUSDT
-XVS has been rejected at $4 dollars resistance
-The price fell back inside its local support zone
-This minor consolidation might turn a Bear flag
-If the support zone will fail in the next few days
-The next Key Level is around $2.6 dollars
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XVS/BTC (Small Bounce?)💎Technical Analysis Summary💎
BINANCE: XVSBTC
-After over 100% increased from Oct 14 - Oct 17 high peak
-Its value today has declined by over -40% already
-The price is now trading at the last Fib level of support
-This is not a good sign of strength in terms of price action
-We might see a small bounce up reaction
-But if the Bulls can push the price back up to 3000s sat
-There will be trouble in the midterm price movement
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XVS/BTC (Confirmed Bearish Pattern?)💎Technical Analysis Summary💎
BINANCE: XVSBTC
-The descending triangle broke to the downside
-Breaking a key level of support around the 2300s sat
-Technically, this is a pattern confirmation
-If the Bears can send more follow-through in the coming hours
-The chances it will go lower will increase
-The downside target is the Fib reverse extension 1.618
-So if you have a Buy position, please reduce the risk now
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Trading Involves High Risk ⚠️
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