XVS (Venus) Coin is one of the prominent projects in the field of decentralized finance (DeFi) that has significant growth potential due to its low market cap. This analysis highlights the following points:
📊 Comprehensive Analysis of XVS
🔍 Overview of the Analysis:
Formation of PRZ (Potential Reversal Zone): A key area consisting of the weekly resistance and ascending channel ceiling, which could determine the continuation of the price trend. Breaking this zone is crucial for further upward movement. 🕰 Technical Analysis:
Current Status (Short-term): In the daily timeframe, the price is currently testing the daily resistance (yellow zone). It is highly likely that this resistance will break, leading the price to the PRZ area.
Significance of PRZ: The PRZ, formed by the weekly resistance and ascending channel ceiling, acts as a critical decision point. Breaking this zone could trigger a powerful and sharp upward movement.
🎯 Price Targets:
First Target: The green resistance area, aligned with the 1.618 Fibonacci level. Second Target: The all-time high, coinciding with the 2.618 Fibonacci level. 📌 Key Takeaways:
Breaking the daily resistance (yellow area) in the short term is likely to guide the price toward the PRZ. Breaking the PRZ (weekly resistance and the ascending channel ceiling) is essential for sustaining the upward trend.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.