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Venusdt

Venus (XVS) DeFi Play on Binance Smart Chain (BSC)Hi Folks, after a longer period of focusing on my trading I am back with some ideas (see also the similar post on CAKE - PancakeSwap linked below). Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees. Venus is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin (BNB) and XVS price surges. . I have produced these four views on Venus for you to use / copy if you'd like. Top left is the USD chart. XVS has lost 30% of its value and if you believe in it being currently the better (way less expensive) exchange solution compared to UNI, MAKER, SUSHI & COMP then this just may be a good time to start or extend your position. Bottom left is the EUR chart. Top right is the Venus vs. Uniswap (UNI) ratio. This ratio shows that Venus has been losing value against UNI, but it appears a support level may be forming for it to attack UNI again. At the time of writing this a level that seemed to be stable was crossed. To be watched. Bottom right the same style ratio with SushiSwap (SUSHI), same view as on UNI. Looks like a support level is forming. Venus is number 5 in the dappradar rankings in terms of total balance and has had a steady but bumpy growth in terms of volume, users and transactions over the last 30 days. With Bitcoin likely taking a breather today and tomorrow below $60k and only maybe sneaking up to $60k next week there seems to be a likelihood that the overall market will be drawn down as well. It may also be the time for altcoins to shine and may give Venus (XVS) an opportunity to catch up with UNI and have a fantastic gain. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
Long
by CarpeMomentum
VeChain Breakout Before Mainnet Release VeChain TA/FA before Mainnet release. VeChain is making Lower Highs and Higher Lows on the daily forming a Symmetrical Triangle. It's sitting strong after two bounces from the furthest retracement at .786 fib and once again .618 fib levels. Alts still depend heavily on BTC movement. Bitcoin is in bearish territory. If it BITFINEX:BTCUSD breaks above $8,600 - $8,400 then I'll consider it bullish as long as bitcoin continues on an upward and sideways movement then alts can rally. I expect VeChain to rally hard as the mainnet release date gets closer and closer.
VLong
by bittybao
VECHAIN (VENBTC) - POSSIBLE MOON TRIP?Welcome everyone, hope you all are doing well. Let us look into another trading opportunity. Vechain is another great project which has been moving up gradually lately. We can see a Cup and Handle formation on daily chart. Let us see what does the indicators say. INDICATORS: Moving Average is curving upwards RSI is showing Bullish momentum. ADX and DI are giving Bullish signal. MACD is showing Buy signal i.e Bullish. A closer look: POTENTIAL TARGETS BASED ON FIBONACCI LEVELS: 50.8k 56.7k 62.2k 70.9k 81.6k Also note that, price movement of BTC will also affect the price of VEN. So, keep an eye out. P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk. Those who wish to achieve greatness, never seek for permissions. They follow what their heart says, and do what their mind states! Good luck trading.! Peace.
VLong
by johntradingwick
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