XVSUSDT trade ideas
XVS/USDT Main trend. 11 September 23Logarithm. Time frame 1 week. The graph shows the entire trading history of this cryptocurrency Binance exchange. Now is a very important zone for the development of a further trend in the medium term.
Looks like this on a linear one.
Secondary trend. Horizontal channel zone. Time frame 3 days.
XVS Technical Analysis: Weekly and Daily TimeframesCoin Overview:
Venus (XVS) is the native token of the Venus Protocol, a decentralized lending and borrowing platform built on the Binance Smart Chain. Launched in August 2020, XVS holders benefit from governance rights and can participate in liquidity mining to earn rewards. Notably, XVS reached an all-time high of $147.02 in May 2021, but has since experienced significant price fluctuations. Its all-time low sits at $1.65, recorded in October 2020.
Weekly timeframe:
XVS bulls take charge, breaking the long-term downtrend.
A potential shift in momentum towards the upside.
Daily timeframe:
The consolidation phase will be between $11.45 and $13.28, following a mid-term uptrend.
This range could be interpreted as a healthy pullback after a bullish rally.
A decisive break above $13.28 could signal a continuation of the uptrend.
Current situation:
Recent sharp decline likely due to broader market volatility and a strong bearish candle on Bitcoin.
XVS can potentially return to its consolidation range once the market sentiment settles.
Support levels:
$10.5: A strong break below this level could expose XVS to further downside, with the next potential support at $7.58.
Important notes:
This analysis is for informational purposes only and should not be considered investment advice.
Always conduct your own research and employ proper risk management strategies before making any investment decisions.
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GBP/JPY: Price Rebound on the Horizon?
This technical analysis examines the GBP/JPY currency pair, highlighting potential bullish signals and upcoming price movements.
The GBP/JPY has been experiencing a downtrend recently, encountering resistance at the 140.00 level. However, several technical indicators suggest a potential reversal. The RSI indicator is currently hovering around 30, indicating oversold conditions. Additionally, the formation of a bullish engulfing pattern on the daily chart suggests a possible price reboun
$XVS GIANT bullish flag! Launching on Ethereum markets! BOOM!$XVS @venusprotocol is the biggest Lending ad Borrowing project on BNB Chain. At any moment will enter #ethereum chain. Has 1.6B TVL at BNB Chain.
This actual Uprising Triangle will probably take it to 33$ levels...3x!
Fundamentals are BRUTAL! NO way it can fail.
XVS: Potential Rise After Resistance BreakoutXVS is trading at the lower boundary of a sideways range, where a prolonged accumulation phase is observed. Following the removal of liquidity from a key low and a subsequent upward impulse, the price, despite the growth of Bitcoin and Ethereum, is testing the resistance level of the local sideways range. I expect the price to move above $12 after breaking through. I assume that as Ethereum enters a flat phase, liquidity will start shifting towards altcoins, which will trigger a significant upward movement for XVS. I've been in a position with a large volume since the beginning of the accumulation phase.
XVS: Expecting Further Sideways Movement and Long Position AccumI anticipate XVS to continue trading within its current sideways range, as the price is currently near the lower boundary of this range. Therefore, I've taken a long position with the strategy of trading from the range boundaries. Over the course of several days, market makers are likely to accumulate positions within this range. This accumulation may lead to an upward move towards the upper boundary of the range, or at the very least, towards the midpoint.
xvs long hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
XVS/USDT Indicating downward movement retrace on support!💎 XVS has witnessed significant developments in the market.
💎 Presently, XVS has broken down the support trendline, indicating the potential for a downward movement with a retracement to the support area around 9.5. A prudent strategy involves waiting for XVS to reach this support level.
💎 If it successfully bounces, there's a possibility of a return to upward movement, probability aiming to break and reach our target strong resistance area
💎 However, if XVS reaches the support area and shows weak consolidation with low volume, it raises concerns. A lack of a robust response may signify the risk of XVS losing support. In such a scenario, a bearish trend is confirmed, and the next downward target could be the demand area around 6.3.
💎 To maintain an upward trajectory, XVS must bounce at the demand area and reclaim the position above the resistance area. Failure to do so may result in a continued downward movement, potentially reaching the strong support area.
XVS ⭢ ROUTE MAP & TRADING PLANW TIME FRAME:
In the long term, we have two scenarios
Because it is higher than the key level of 9.85, it is going to grow towards the growth target of 16.60 even though there is a temporary drop? Or not, it is supposed to break the support and fall to the drop target of 4.86
The smart thing is that in the short term, we consider the drop to be temporary for the time being until the support of 9.85 and the growth to be continued until the target of 16.690.
D & 4H TIME FRAME:
In the daily time frame, we see a growth within an BULLISH channel and a divergence on the HIGH of this channel.
Currently, it has entered a SIDE range in the form of a symmetrical triangle, and exiting this range from above or below (in the 4-hour time frame) determines the direction of the next move.
1H TIME FRAME:
In this time frame, we see an expanded triangle, next to which there is a potential for divergence, in case of breaking the BEARISH trend line, it can make a LOW and grow.
If it stabilizes under the lower arm of the triangle, it is possible to look for confirmation of SELL in pullbacks to the targets I mentioned.
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XVS ANALYSISXVS has started a strong movement from the bottom where I entered START. We have had bullish CH and BOS on the chart.
A 3D movement can be specified on the chart. There is a high probability that the price will reach the red box and hit the yellow line
I specified the Rebuy Zone, only when you reach this area, you can look for buy/long positions.
The closing of 1 daily candle below the Rebuy Zone is the stop of this rebuy.
If the price does not reach the RebuZone, we should look for sell/short positions in the red range after getting confirmation.
Closing 1 daily candle above the red range is the sell/short stop position.
XVS - Pullback & LongAt the price of 11.20 - 11.30, there is an order block shown on the one hour time frame that was recently broken. As price has been bullish for previous weeks, it should be noted that upward momentum is somewhat exhausted at the moment. I believe that price will retrace to the mentioned order block and possibly down further to the 10.50 - 10.75 range. Contingent on which zone we see a bounce, I'll be waiting for confirmation for an entry point.
TP will be 14
Stop loss will be positioned according to entry point.
Will update with SL once buy entry is made.