Technical analysis by CryptoPAMM about Symbol XVS: Buy recommendation (11/14/2023)

XVSUSDT 60% Surge Anticipation 🔅XVSUSDT exhibits strong uptrend signals. In November, a breakout from the triangle pattern, coupled with a rebound from the demand area, marked the initial phases of an uptrend. Subsequently, a robust breakout above the ascending channel showcased sustained buying pressure. 🔅Despite a significant pullback, XVS found support at the 61.8% Fibonacci retracement level, potentially indicating the conclusion of the correctional phase. The continuation of an uptrend is likely if the current support holds, aiming for a new higher high. 🔅The key resistance at the $10 psychological level, confirmed by a double Fibonacci level, is the next target. A successful reach would translate to a 60% price surge for XVSUSDT. Investors should monitor the support level for trend confirmation and potential entry points.