XENUSDT had a nice run but it formed a rising channel which broke to the downside as expected.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed the diamond and is printing a green reversal candle.
Overall, just a healthy pullback on it's way to the target.
I'm still holding and watching.
Not financial advice.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed the diamond and is printing a green reversal candle.
Overall, just a healthy pullback on it's way to the target.
I'm still holding and watching.
Not financial advice.
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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.
Related publications
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.