Bull Flag XCN

Updated
A large bull flag has formed after the explosive rise in price for XCN.

There is a little bit of bearish divergence but I’m on the bullish side of this trade. I have a strategy if we break down. If this is going to make another run up I believe it’s about to happen.

Best wishes…
Trade active
Flag broke to the downside next area of support is around .09
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Nice reversal around .096 with a daily candle close over .01

Stochastic RSI oversold on larger timeframes, overbought on the daily.

I think we could see a retest on the recent high just under .16 before the weekly candle close in 24 hr

Should be an interesting day
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Here comes a bullish move…
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My ego may of been too proud. We could be breaking down. Going to test .0096 at the very least possibly mid .008’s…
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Looks to be finding support on the major trend line that has supported this entire bullish move. Also is the key level of a penny. Downside potential is still there but larger timeframes are oversold and ready to start running…
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Ok so I didn’t really expect it to go to that mid .008 area but I dosed off accidentally and asI lay sleeping it played out precisely. I could have had some better orders set but wasn’t planning on snoozing. Regardless you wont find me in regret. Hopefully you caught that 50% swing?

Sheeesh! Like I said we’re up and on track for one interesting day with XCN
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Finding support above .01 on a retest after breaking the downtrend…
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Battling for support at .01 if we are able to get it we will quickly retest .016
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The support held and we are seeing a nice pump
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Woke up early morning and we are about to test the .015 high!
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Next bullish impulse is imminent
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