Venus ($XVS) Sparks Bullish Trend Following Market Structure Break — Is $6.60 the Next Key Target?
Bullish Rejection at OTE Zone: Venus ($XVS) has shown strong bullish intent after rejecting the optimal trade entry (OTE) zone, indicating that buyers are gaining control over sellers, with the price currently at $6.39, up 1.44% in 24 hours.
Market Structure Shift Indicates Buyer Control: A marked Market Structure Shift (MSS) confirms that buyers are dominating, as the price has broken past previous resistance levels, suggesting a potential rally towards key liquidity targets at $6.50 and $6.61.
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Technical Analysis for XVS
Technical Sentiment Analysis for Venus (XVS) As of , Venus (XVS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XVS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XVS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Venus (XVS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.838 | 2.309 | 2.848 | 3.319 | 3.858 | 4.329 | 4.868 |
| Fibonacci | 2.309 | 2.695 | 2.933 | 3.319 | 3.705 | 3.943 | 4.329 |
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