Xen Accumulation Over and Ready To Rip?
Looking at the xen chart we approaching a time cycle where a piviot would be likely. Being we are still in a sideways accumulation range there is a potential for a trend change to the upside.
This is daily chart and since the potential bottom while ranging it is still making higher highs and higher lows. Current push down to the bottom of the range and rounding into it for a likely reversal
Current Trading Plan:
Bullish, very very bullish.
This is a low liquidity asset and another 100% captial risk.
Currently looking to hold long for mean retrace 4x higher.
Trade Well...
Your Friend,
Degen
This is daily chart and since the potential bottom while ranging it is still making higher highs and higher lows. Current push down to the bottom of the range and rounding into it for a likely reversal
Current Trading Plan:
Bullish, very very bullish.
This is a low liquidity asset and another 100% captial risk.
Currently looking to hold long for mean retrace 4x higher.
Trade Well...
Your Friend,
Degen
Comment:
Comment:
XEN has broken the previous all time low and comming up for the retest. IF we are truely reaccumulating in this price range and there is enough support for the project in this range I would expect it to brake back above the previous low and retest it as support. If it rejects and puts in another lower low price discovery is certainly still in progress.
Comment:
Xen has broken back above the previous all time low in October 2023. A retest and bounce off of this previous low would be ideal for continuation
Not saying this is how price action will develope simply what and ideal situation would look like IF we have truely reached an excepted low.
Not saying this is how price action will develope simply what and ideal situation would look like IF we have truely reached an excepted low.
Comment:
Looking at teh hourly chart above, thus far we failed to make a higher high inidicating people are still selling more than what is being bought. Currently comming back down to test the previous resistance. What is being tested: Is there enough buyers to willing conviced we are moving higher and don't want to miss out and as such buy the restest of the hopefull support resistance flip. If that is not true price will inevitably brake below the previous resistance level. A clear sign of continued weakness will be not just the brake below but the brake below the previous resistance level and another rejection from. Why? This indicates not only do buyers not have faith we are pushing up but holders are actually taking advantage of the oppertunity to get out and wait for lower prices.
Hopefully it just holds, pumps, and every body is happy......
Hopefully it just holds, pumps, and every body is happy......
Comment:
I really need to learn to spell check and grammer check before hitting the post button....I am sure you will figure out what is being conveyed in light of the grammer and spelling mistakes....