XSwap / USDTLong
XSWAPUSDT: Attempting to Double Bottom at the 0.618 Retrace
Updated
XSWAP very recently listed and there's not much yet known about the coin, however, the combination of the lower timeframe price action surrounding the macro 0.618 Fibonacci Retrace and the current trend of decreasing supply on this coin has caught my attention and therefore I see it worth playing to see if we can get some major Bullish Continuation Candles in the near future perhaps taking it up to around 10-12.5 dollars which at its current level of supply would bring the market cap up from 37 million dollars to around 3-4 billion dollars. Assuming the supply keeps going down and the double bottom holds we may even manage to go higher, but that's yet to be seen and I currently do not know why the supply is currently contracting as much as it is, but I can confirm that for whatever reason over the last 24 hours at least 3,299,262 Coins have been burned.
Note
Price looks to be further stabilizing here, now showing Harmonic strength on the lower timeframes at the macro 0.618 in the form of a Bullish Gartley. Keep this up and we can get some 10-1000x rallies out of XSWAP similarly to how we traded MAGAUSDT back in Feb.I will also note that several million more coins have been burned since I posted this idea further adding to the factors that could push the price significantly higher, all while staying within a reasonable marketcap range.
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