Long
XDN Big scale breakout ahead !?!
Hi lads and ladies!
Right now if it doesn't break the trend line and resistance at 176 (previous neckline of cup and handle formation) I see it going to two major support lines at either 139 or less likely 120. From there on it will test the trend line if that one breaks it will recover to at least 205 wich would be the 78.6 fibs line on the bigger scale. Anyhow I believe that it will at least touch the bigger scale 61.8 fibs line at exactly 300 sats.
Short term - wait and be ready to short
HODL term - long
Cheers Tomas
Right now if it doesn't break the trend line and resistance at 176 (previous neckline of cup and handle formation) I see it going to two major support lines at either 139 or less likely 120. From there on it will test the trend line if that one breaks it will recover to at least 205 wich would be the 78.6 fibs line on the bigger scale. Anyhow I believe that it will at least touch the bigger scale 61.8 fibs line at exactly 300 sats.
Short term - wait and be ready to short
HODL term - long
Cheers Tomas
Note
will probably go down to 100 before the next breakout
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Disclaimer
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Get access to the MyAlgo Indicator:
mkast.io/pricing
Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
mkast.io/pricing
Join our Discord under
discord.gg/9gNwXHd
Follow me on Twitter under
twitter.com/KongBTC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.