🚀 $XVS is showing a potential technical setup!
The 1W chart on Bybit highlights a prolonged macro corrective phase forming a potential major bottoming structure around the $2.00 - $2.50 support zone.
📈 The Technical Setup:
• The Pattern: Potential Harmonic / Bottom Reversal Structure
• Short-term Target: $12.000
• Macro Objective: $15.000
• Market Structure: Range consolidation following macro downtrend with potential reversal setup
🎯 Key Levels to Watch:
• Support / Accumulation Zone: $2.000 - $2.500
• Resistance: $6.000 - $7.000
• Breakout Level: $4.000
• Stop Loss / Invalidation: $2.000
📊 Confirmation:
• Volume: Neutral/standard volume consolidation near lows
• Momentum: Base formation forming after prolonged multi-year downward pressure
• Trend: Macro downtrend attempting to form a major bottoming base
⚠️ Invalidation:
A weekly candle close below the $2.000 major support level would invalidate this setup.
Patience is advised as the asset attempts to build a lasting accumulation base before any potential macro expansion.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#XVS #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The 1W chart on Bybit highlights a prolonged macro corrective phase forming a potential major bottoming structure around the $2.00 - $2.50 support zone.
📈 The Technical Setup:
• The Pattern: Potential Harmonic / Bottom Reversal Structure
• Short-term Target: $12.000
• Macro Objective: $15.000
• Market Structure: Range consolidation following macro downtrend with potential reversal setup
🎯 Key Levels to Watch:
• Support / Accumulation Zone: $2.000 - $2.500
• Resistance: $6.000 - $7.000
• Breakout Level: $4.000
• Stop Loss / Invalidation: $2.000
📊 Confirmation:
• Volume: Neutral/standard volume consolidation near lows
• Momentum: Base formation forming after prolonged multi-year downward pressure
• Trend: Macro downtrend attempting to form a major bottoming base
⚠️ Invalidation:
A weekly candle close below the $2.000 major support level would invalidate this setup.
Patience is advised as the asset attempts to build a lasting accumulation base before any potential macro expansion.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#XVS #crypto #BinanceSquare #tradingview #TechnicalAnalysis
