π XVS has witnessed significant developments in the market.
π 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.
π 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
π 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.
π 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.
π 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.
π 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
π 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.
π 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.
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