$XVS is finally breaking free from a multi year accumulation and compression structure.
Look at the weekly chart.
For years, price respected that massive descending trendline, creating lower highs and keeping $XVS suppressed. Now that trendline has been decisively broken.
This is no longer a breakout to watch.
The breakout has already happened.
What comes next is the expansion phase.
The structure is completely different once a multi year downtrend gets invalidated. If bulls maintain control and volume follows, $XVS could enter a parabolic repricing phase as the market realizes how much room this chart has.
And the ultimate level I'm watching is the old higharound $38.
From ~$3.15, that's roughly a 12X move.
Years of compression.
Trendline broken.
Structure changing.
Final target: $200.
XVS doesn't need to prove anything to me anymore.
Now it just needs to run.
.
.
$btr $ONG $eth $sol $btc
#AntiQuantumBitcoinTransactionMinedOnMainnet #SchwabPlansToAddSOLAVAXLINKTrading #USShortTermTreasuryYieldsJump #TrumpSaysUSReachedVenezuelaOilDeal
Look at the weekly chart.
For years, price respected that massive descending trendline, creating lower highs and keeping $XVS suppressed. Now that trendline has been decisively broken.
This is no longer a breakout to watch.
The breakout has already happened.
What comes next is the expansion phase.
The structure is completely different once a multi year downtrend gets invalidated. If bulls maintain control and volume follows, $XVS could enter a parabolic repricing phase as the market realizes how much room this chart has.
And the ultimate level I'm watching is the old higharound $38.
From ~$3.15, that's roughly a 12X move.
Years of compression.
Trendline broken.
Structure changing.
Final target: $200.
XVS doesn't need to prove anything to me anymore.
Now it just needs to run.
.
.
$btr $ONG $eth $sol $btc
#AntiQuantumBitcoinTransactionMinedOnMainnet #SchwabPlansToAddSOLAVAXLINKTrading #USShortTermTreasuryYieldsJump #TrumpSaysUSReachedVenezuelaOilDeal
