XVS is showing potential for a bullish reversal🚀💎 Paradisers, #XVS has recently formed an inverse head and shoulders pattern, signaling a potential bullish reversal in the near future.
💎If #XVS/USDT manages to break out above the resistance level, we can anticipate a bullish movement towards the subsequent resistance levels.
💎In the event of a pullback, we may witness a bounce from the bullish OB (Order Block), albeit it may be relatively minor. Therefore, it's advisable to consider smaller targets and possibly trail some positions.
💎However, if the price breaks below the bullish OB, it may be interpreted as a bearish signal. Nonetheless, given the current bullish trend, I recommend disregarding this scenario for the time being and focusing on bullish opportunities until a clear bearish trend emerges.
Xvs
💡Don't miss the great buy opportunity in XVSUSD @VenusProtocolTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (10.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XVSUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 83.
Take Profits:
TP1= @ 12.98
TP2= @ 14.50
TP3= @ 16.89
TP4= @ 18.02
TP5= @ 20.37
SL= Break below S2
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💡Don't miss the great buy opportunity in XVSUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (44.730).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XVSUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 56.750
TP2= @ 72.800
TP3= @ 83.150
TP4= @ 94.700
TP5= 103.090
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️