XEN Poised For a 16x?
Updated
XEN crypto is different project that proclaims an adherence to the first principles of block ledger. While it sounds nice the "Free" distribution modle has absolutely hammered the price.
With that said the minted supply has likely decreased as ETH gas prices have risen, reducing the amount of discounted supply.
This is a daily chart that is focusing on the retracement of the last swing high and utizing an expansion of the initial range. The oak lives in the acorn...
Xen does have a cult like following developed by the semi free model rollout. While it has hammered the price since launch it has also gained the attention of all the free users.
Greed for mad gains with little investment is enticing.
Current Trading Plan:
Current plan remains the same aside from accumulation is likely ending. The straight up and down pump indicates that sellers are weak if not depleated in comparison to buyers. Targeting the 75% retrace area for a 1600% increase but also open to a retrace of the accumulation range for more liquidity.
Risk on this is 100% as it is a low liquidity project and should be treated as such.
Trade Well...
Your Friend,
Degen
"He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God
If you don't like it don't read it.... I do
With that said the minted supply has likely decreased as ETH gas prices have risen, reducing the amount of discounted supply.
This is a daily chart that is focusing on the retracement of the last swing high and utizing an expansion of the initial range. The oak lives in the acorn...
Xen does have a cult like following developed by the semi free model rollout. While it has hammered the price since launch it has also gained the attention of all the free users.
Greed for mad gains with little investment is enticing.
Current Trading Plan:
Current plan remains the same aside from accumulation is likely ending. The straight up and down pump indicates that sellers are weak if not depleated in comparison to buyers. Targeting the 75% retrace area for a 1600% increase but also open to a retrace of the accumulation range for more liquidity.
Risk on this is 100% as it is a low liquidity project and should be treated as such.
Trade Well...
Your Friend,
Degen
"He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God
If you don't like it don't read it.... I do
Note
still bullish still looking for same targetsNote
Note
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.
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