OK.....here is my take on XVS. 1.) It has run sideways for a good 40+ days. I think of that as building up steam. 2.) It's has a good run up from YTD. 3. ) It could possibly now move eastwards to assume the cup and handle formation or 3) It may finally have enough steam to burst through the resistance. My thought for the moment is that this pig may not have the strength to pop to the height proportional to the 40+ days span from Feb to April. I think investors may consider this a "weak asset " right now , in comparison to other ALT assets who are moving upwards at a stronger pace.
Conclusion is that this asset will rise in price in time, but will take it's time doing so. The Venus v2 proposal which includes $VAI Liquidations, $VAI mint fees, and other major $XVS upgrades will be deployed on-chain April 15th, but is not really generating any great interest from it's community or the public at large. After watching it for a while it seems to peak out at 88.
In short, this asset is not really turning my crank. There is chatter about this asset moving up to $100.00 but that is only a 20% move, and you can do that in 1 morning elsewhere. Keep an eye on it on a regular basis and if it starts to act like its going to pop ( must like an orgasm really) call me and I will have a look.
Have a great week.
wmw
toronto, canada
Conclusion is that this asset will rise in price in time, but will take it's time doing so. The Venus v2 proposal which includes $VAI Liquidations, $VAI mint fees, and other major $XVS upgrades will be deployed on-chain April 15th, but is not really generating any great interest from it's community or the public at large. After watching it for a while it seems to peak out at 88.
In short, this asset is not really turning my crank. There is chatter about this asset moving up to $100.00 but that is only a 20% move, and you can do that in 1 morning elsewhere. Keep an eye on it on a regular basis and if it starts to act like its going to pop ( must like an orgasm really) call me and I will have a look.
Have a great week.
wmw
toronto, canada