(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.
XVSUSD
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.🙏⚡
XVS : waiting for vault runI have been waiting for months to xvs explode. There is a huge event list and new XVS vault. Also, burning is coming. 24th November is Venus's 1 year anniversary! His support will increase in these week. And also there is huge accumulation. Volume is low, it can blow up in a minute. Lets see what happens. There will be a huge AMA this week. The name might be Justin Sun. It is a just guess. This week he posted on Twitter that TRX will be on Venus protocol.
🪐XVS- resistance ahead, MFI bullish divergence at supportOn October 27th key level was lost. On November 9th buyers pushed the price above key level again, but didn't manage to hold this area. The price then found support at dynamic support (purple). There's a lot resistance ahead: key level (26.93), 200EMA, dynamic resistance (yellow dashed) and local resistance (31.98). However, the price is soon gonna get squeezed between two dynamic levels, and will be forced to make a move one way, so we can expect a potential breakout attempt. MFI shows bullish divergence (1D)
Possible entries from current price down to 22.62
Targets:
26.93
31.98
35.84
43.32
48.47
57.17
65.83
95.17
137.45
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About 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
XVS X3 - ARE WE MISSING SOMETHING?XVS has been going below the descending channel and accumulating for a very long time.
What are we waiting for for a super price increase?
I believe the boom will come very quickly. I expect XVS price to be x3 from now on with a RR of 1:6
Target:
TP1: 42$
TP2: 60$
TP3: 80$
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 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.
XVS breakout!The price has broke out of the formation and is now testing the most important level (35.5)
I believe it's a strong entry because:
1) This level proved to act as strong support/resistance in the past
2) It goes along with the upper trendline of the formation
3) The price is above 200EMA on daily chart
5) MFI 1h shows big divergence
4) Price can spike very quick from here as there's not much volume above
If btc doesn't go mad, this should be a very good trade.
Entry: 35.50 - 34.50 (or as long as it holds upper trendline)
SL: 32.40 (bottom of ATR(14), below 200ema 4h and below previous daily candle)
TP1: 41.60
TP2: 47.11
TP3: 58.16
TP4: 91.10
TP5: 125.3
TP6: 143.60
TP7: OPEN++
50% for XVS soon? it looks likeYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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"!
Venus XVS Caution! Roller coaster is not for the faint of heart!Venus (XVS) is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
The combination of Defi project + binding to Binance gave a good result, the price of XVSUSDT increased from $2 to almost $150
But the real roller coaster for traders happened on May 18-19, then the price for 2 hours increased from $80 to $140 . (Against the background of purchases to get a new VRT reward token) and already during May 19, the price of XVSUSD fell from $140 to $32. Only spot traders could survive such a ride, while the deposits of marginals were confidently multiplied by 0.
Tonight, against the background of the BTC shot up, the price of XVS also showed an increase, although much better +50%
Such volatility is very dangerous to trade on a margin account, only on a spot.
By the way, the white route from our idea BTCUSDT worked pretty well
The weekly candle has worked out almost all its growth potential in a day
Let's define the key levels:
To continue the upward rally, the XVSUSDT price needs to be corrected, at least up to $20
The first target for growth is $35, if it is easily overcome, then hello $59-60.
Correction: here we will have to look at how powerful the growth will be and what the overall situation will be in the crypto market.
However, based on the current data, we believe that in the future it will be possible to place buckets for purchases on the spot in the liquidity zone of $10-11 . What if we get lucky and pour it, who knows what they have prepared for us in the future)
_____________________
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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 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.