(XVS)VENUS 61.8 RETRACE☑️ WHAT NEXT?In our last Venus analysis, we talked about how price could drop all the way down to the 61.8% fib support level as shown below
Now that we have reached that level, the question is what happens next?
In addition to the Uptrend channel we constructed last time, price managed to sneak in a downtrend channel as well which went unnoticed in our previous analysis.
A safe entry would be to wait for price to break the downtrend channel back into the uptrend channel and make a retest before buying, or to wait for a 2nd test of support of the downtrend channel ifyou havent gotten in already.
We also added an update to our original analysis citing that we could bottom at the 123.6 fib region with the 161.8 being the worst case scenario as shown below
Have your stops below the 161.8 region and HODL
First target- Previous ATH
2nd Target- 1.382 fib resistance
3rd Target- .1.618 fib resistance
If you agree pls leave a like and share your thoughts in the comments as well
Always manage your risks.
XVSBTC
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.🙏⚡
XVSBTC - 6x potential There is a good chance that XVS is at the bottom against BTC. Correction is over.
If the monthly candle will be green (above 0.0004257) then the next target is 1W 50MA 0.00074 or the last 1W high 0.00084. Good probability of 100% Profits in a few weeks.
Cap 0,3 BN USD is underrated. I could see this one 10X higher.
Not Financial Advice. Do your own research.
XVSUSDT Technical Analysis⏳ Spot
💎 XVSUSDT has formed a wedge pattern. The last large green candles indicate that the price is about to break above the wedge and the major resistance. Big pump is expected.
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 25.63 - 24.01
☕️ TP1 28.59
🍺 TP2 32.20
🍻 TP3 35.97
🍾 TP4 40.30
🍷 TP5 45.00
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 24.01 - 22.28
Good Luck 🎲
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XVS TO $500 & HIGHERGood day folks. Decided to do some charting late night and came stumbled upon XVS. One of my favourite coins which I actually had a target for $500 a while back but was just based on speculation, a dream if you will. So decided to actually analyze it and see if its possible. The answer to that is a big YES. Honestly wondering how I didnt see it before. Now i'm kicking myself for not being a belieber.
Anyways hope this one helps you guys out. Cheers.
Also worth Noting the wave 3 target of $500 coincides perfectly with the 3.618 fib resistance level.
XVS/BTCI have no idea where this coin is going to stop, but this has made crazy gains. Can it keep going up? broke out of this channel, could be another 100% day for this coin. Who knows. Publishing to keep track.
BSC is all the buzz on Cryptotwitter and BNB coin (along with other exchange coins) is doing amazingly well.
This is pulling an AAVE.
XVS about to make some big moves. Alot of news will be coming out in october for XVS, Vaults will be one of them. DYOR but XVS has more in the coming months than most other coins, XVS has a history of making big moves and fast. consolidation phase is over and this has worked out perfectly with BTC doing its early october thing.
Enjoy.
Venus XVS - Massive parallel chanel +1000% gains in this cycle!- Venus XVS - Rank #151 - Token.
- On the chart we can spot a huge ascending channel on a macro scale.
- The price is currently consolidating in the bullish pennant.
- There is a huge potential of 1000% in this cycle.
- The price recently broke out of the falling wedge.
- The price is also above 20 daily moving average!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
XVS/BTC buy opportunityHi followers,
XVSBTC formed nice falling wedge, reversal pattern, which already confirmed with higher low and running flat continuation correction.
This behavior suggests a beginning of a new up trend and higher highs soon.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
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.