XVSBTC
XVSbtc - watching for potential longXVSbtc has a pretty good run and has been in a nice mark down phase. We had a good daily rejection on support telling me the buyers are strong.
I'm watching for 1 of 2 things to take an entry:
1) A decidedly bullish candle on this daily support area or on the pivot point in the 4hr timeframe (maybe if i notice it). A candle like a hammer or a bullish engulfing (small candle followed by a big green candle) is my jam for this. Additionally, if i see a range of candles on the 1hr with wicks predominantly down, that gives me confidence in support.
2) A break of the trendline creating a higher high with an entry on the test of daily. At any rate, that would make it a range trade.
Targets would be the first daily resistance marked and the subsequent targets. I'm not planning on being greedy here. If i get my entry i'll be taking the majority of my exits through the targets.
XVS / USDTTotal Value Locked on Venus
€2,950,234,949.53
Market Cap (XVS)
€358,415,377
Analysis :
- Wait the confirmation (RSI + yellow triangle)
Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.
XVSbtc could pumpI hate the phrase "moon" but xvs looks like it's setting up to take a run past the top bound resistance. If it does, look for a reasonable rejection at the purple line (target1) then a retest of the resistance turned support. Once that occurs I have no idea where it's going to go. It's another hype coin.
XVSBTC Potential Breakout 122%XVSBTC has broken the 100 day moving averages and is now attempting to break out of the down channel...rsi is at ath and macd is preparing for its first move into positive territory...so, if a breakout occurs, i would expect a pullback (from approximately 0.00002400) soon after to retest the 100 day and the top of the channel...if both hold, then the 0.00001800 region would be a good buy price...initial target is 0.00004000 (122%)...from there, we play it by ear...being a new pair, there is no telling where this one can go...IT'S YOUR MONEY, DYOR!!
Venus (XVS) Project Overview + Chart AnalysisVenus (XVS) Overview
What Is Venus (XVS)?
Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.
VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments—including adding new collateral types, changing parameters and organizing product improvements.
The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.
Source: Coinmarketcap.com
Website: venus.io
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We got into XVSBTC (Venus), lovely name, earlier today and wanted to share the chart with you...
It looks pretty nice, it is almost very clear that a rebound is taking place.
The indicators are good and this seems like a very solid project.
Wishing you the best for sure.
Namaste.
Venus (XVS) Going As Planned (Next Target Mapped Up To 135%)XVSBTC (Venus) continues going as planned/moving higher.
EMA50 was challenged first 11-Jan. but there wasn't enough strength to break up...
Another attempt at EMA50 happened on 14-Jan. but still nothing.
Today, we have XVSBTC above EMA50 for the first time since December.
Staying above this level is a strong bullish signal.
This signal is only confirmed once the daily candle closes later today.
The next target is marked on the chart at 47% followed by 136%...
These are reference points only; make sure to have a plan before you trade.
This is not financial advice.
Thanks a lot for your support.
Namaste.
Previous chart (Jan. 10)
XVS/BTC Short Term %35+ Chance of ProfitFirst of all, I made this graph by seeing "plancton0618". I liked the graphic and I wanted to add something to it. Now, our chart should have been long run, but I'll share a short or medium-term chart. I drew the diagonal purple line you see before the final touch. Probably a movement will occur according to that line. If it breaks the line, it may revert to falling wedge formation. However, I think a big rise forward will come. But these days, BTC is very unstable. For this reason, I think such an increase will be possible if BTC does not fall. If I made a buy; I would wait for it to come to the tp1 (1900) but with stop-loss(~1350). This graphic is not investment advice :) And THX
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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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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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
A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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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
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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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
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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