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XVS / TetherUS

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XVSUSDT trade ideas

XVSUSDT Swing High| Local S/R| Price Action| Trend Evening Traders, Today’s analysis – XVSUSDT- trading below its current Local S/R where further downside is probable, Points to consider, - Price Action Impulsive - Local S/R Resistance - Daily S/R Objective - Oscillators Extended XVSUSDT’s immediate price action is trading below a key location with increasing volume, allowing for a short bias. The Daily S/R is the next objective; breaking below this will increase the probability of entering an old range. Both oscillators are extended; a reversion to their mean is highly imminent when high timeframe levels are tested. Overall, in my opinion, XVSUSDT is a valid short with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “Reaching any goal in trading requires specific domain knowledge and technical skills. But then, after that, it's all mindset management. Yet most people ignore that —they automatically think they have that last part all figured out, and it's a mistake.” ― Yvan Byeajee
Short
by AzizKhanZamani
XVS-USDT(Cup and Handle Formation)Venus Protocol is an algorithm-based money market system designed to bring a complete decentralized finance-based lending and credit system onto the Binance Smart Chain. XVS has been trading in a Cup and Handle formation with the level of ~$95 as the horizontal level wherein breakout from the level may trigger the price to new highs. Key Levels to watch out for- The price may move to the levels of ~$120 after the breakout while the support to the lower side is present at ~$75 .
Long
by TradeDog-Research