XDC is looking great for trading in the short and mid-term.Although I'm not a big fan of the current version of XDC, version 2.0 is a badly needed and long-overdue step in the right direction. XDC, often snubbed due to its association with Mr. "Eat Zee Bugs" himself, has definitely had a negative impact on the XDC price and retail adoption, as very few people are interested in investing in a project associated with an individual who completely lacks honesty and credibility. But either way, as a trader, I like the potential of what I see in the charts and would absolutely exploit it in the short term, even though I would never be caught dead investing in this coin long term, since it's associated with people I consider completely untrustworthy.
Good luck, and always use a stop loss.
XDCUSDT
XDC is a solid buy with some serious potentialXDC is currently at the bottom of a very large wedge, spanning a long period of time. Being at the low end, the odds are that it's a really good buy. XDC will be right in the middle of the new digital financial system, and I believe it is being overlooked by the broader market.
Good luck!
XDC Network | XDC The price of XDC Network is $0.059 today with a 24hour trading volume of 19 million dollar. This represents a 24% price increase in the last 24 hours and a 72% price increase in the past 7 days. With a circulating supply of 14 Billion XDC, XDC Network is valued at a market cap of 822 million dollar.
As XDC, the digital token for XinFin Network, exhibits a powerful display of bullish momentum, the cryptocurrency market is humming enthusiastically. XDC has increased by an incredible 93% in just two weeks, impressing traders and investors with its massive rise.
The altcoin’s ascent over the past 30 days has been remarkable; it has seen a substantial 56% increase, solidifying its place as one of the market’s most exciting digital assets. The altcoin has demonstrated its strength by trading at a startling 100% premium over its January opening.
XDC Network is a blockchain platform for businesses and developers who want to build decentralized apps on an efficient and scalable blockchain infrastructure.
The platform is built on an enhanced Ethereum codebase and is compatible with the Ethereum Virtual Machine.In order to attain the target price of $1, analysts predict that the value of the XDC token will increase by a factor of about 24. This suggests a big potential for growth and offers a chance for investors looking for significant returns.
XDC has previously shown significant price appreciation. From its lowest price of $0.050 in June 2021, the token’s value increased by slightly more than three times in just two months.
In August 2021, XDC reached its highest recorded price of $0.18 thanks to this outstanding performance. Such a sharp price increase demonstrates the token’s intrinsic volatility and ability to provide substantial returns in a short amount of time.
A total of 37,705,012,600 XDC coins are available, with a circulating supply of 13,851,401,350 and a market cap of $812 million for XDC.This year, the token has boomed, reaching a high of $0.050 before turning erratic, with periodic upward and downward movements. A 10% increase would allow XDC to test its 2023 highs again.
Meanwhile, the blockchain project’s collaboration with the Japanese cryptocurrency trading firm SBI VC Trade to sponsor WebX 2023 coincides with the token’s price increase.
Users of the XDC network anxiously anticipate an upcoming event that will reveal cutting-edge innovations, open doors to exciting possibilities, and enable interactions with influential personalities in the business.
The XDC community is brimming with anticipation for the network’s bright future, and this excitement has driven the network’s price higher over the past week.
XDC/USDT Major trend. Wedge + trend fan.Main trend. Time frame 1 week. Idea for trend work and orientation of dynamic support/resistance reversal zones in the future.
The cryptocurrency is indirectly related to XRP infrastructure. Very HYIP cryptocurrency in the past cycle of 2021 highs. Pumped up tens of thousands of percent when the instrument went public on liquid exchanges. Situation now at 12 05 2024.
Local trend and reversal zone now.
Is XDC Turning Bullish?Preface:
Between July 12th and August 3rd, 2023, XDC made 259% upside. This remarkable growth was achieved in bear market conditions. The fact that XDC achieved such a price increase quickly led me to believe that XDC will outperform most altcoins in the bull market. Alas, XDC did not meet my expectations.
XDC Relative to TOTAL 3:
A comparison of the TOTAL 3 Chart and XDC’s Chart between July 13th, 2023, and March 13th, 2024, shows that XDC underperformed relative to the altcoin sector.
In the period I mentioned above, the TOTAL 3 chart made a 125% increase. XDC made a 77.4% increase.
Conclusion: from an investor's point of view and, in hindsight, XDC did not prove to be a good investment.
XDC’s Future Prospects:
Regardless, past performance is not necessarily indicative of future performance. XDC is a fundamentally sound project, and I am sure it will make up for lost progress in the future.
From a trader’s perspective, XDC presents an opportunity because liquidity is to the upside.
XDC’s price is above the weekly PoC, and if it can get above the resistance at 0.588, which is also a high-volume node, an increase to the 10-cent level is likely.
Trade Opportunities:
Currently, I don’t have a setup for XDC. However, a successful retest of the PoC at 0.0522 could provide a favorable entry. A break above 0.0588 and a retest could also be a long entry. The target in both cases is 10 cents.
I am reluctant to set targets above 10 cents until XDC proves bullish.
NFA
What do you think?
Please share in the comments
XCD could see a reboundAfter August's high above 0.9, KUCOIN:XDCUSDT started to drop, losing more than half of its value.
However, at this moment the coin is sitting on an important confluence support and a rebound could be next.
My target for this rebound is 0.615 recent high and considering a tight stop loss, a 1:3 risk: reward trade could be found for this coin.
XDC/USDT Gearing up for a Bullish Rally? 👀🚀XDC Analysis 💎Paradisers, let's zero in on #XDCUSDT, as it's showing potential for a notable move from a vital demand level.
💎#XDCMainnet is on an upward path, indicating a possible bullish breakout from its current demand zone. We're looking at a potential retest of the demand level at $0.043, in anticipation of the major supply zone just ahead. If #XDC holds above this threshold, it might set the stage for an ascent toward the major supply zone at $0.057.
💎However, if #XDC encounters difficulty in sustaining its position above the support level, we may need to reassess our trading approach. In such a scenario, we would consider initiating a bullish movement from a lower bullish Order Block (OB).
💎It's essential to keep a vigilant eye on this level, as a break below it could initiate a substantial bearish trend.
💎Stay sharp and flexible, Paradisers. Your ParadiseTeam is on hand to provide the most current insights and strategic outlooks, ensuring you're equipped to adeptly navigate these market developments.
XDC – Looks Ready to GoSince the last impulse and high of 9.3 cents on August 4th, 2023, XDC was in a correction.
XDC retraced to 0.618 fib level, which is also a S/R level and the 200D EMA.
It looks like XDC found support and it is gearing up for another impulse up.
My overall target for this leg up is between 10.33 cents to 11.09 cents.
A breakout above the 50D EMA and a retest could be a long trigger.
Second trigger for a long is a daily close above 0.05397 which will constitute a bullish ChoCh.
Trade Idea No. 1:
• Entry: 0.05
• SL: 0.046
• Target:0.104
• TP: 0.07, 0.104
• R: R: 1:5 to first TP
Trade Idea No. 2:
• Entry: 0.054
• SL: 0.048 (below the 21D EMA)
• Target:0.104
• TP: 0.07, 0.104
• R: R: 1:2.95 to first TP
NFA.
What do you think? Please share in the comments.
Best Wishes.
XDC Price Prediction & Long EntryPrice Prediction:
My friends
I caution you in advance. This price “prediction” is super speculative. Regardless, it reflects what may happen if the current trend repeats.
The Cup and Handle pattern timeframe is usually not more than six months. The principle behind the Cup and Handle is a parabolic move, correction, parabolic move. From this perspective, I think it also fits the pattern of a bull run, bear market correction, a recovery phase, and another bull run.
The proportions of XDC’s USD chart support a cup and handle only on the log chart.
I’m a TA. I don’t use Fundamentals.
Having said that, if XDC’s price comes close to my prediction, we’re looking at multiple Xs.
XDC/BTC
The XDC/BTC chart is also showing a Cup and Handle.
XDC broke through a diagonal resistance at 143 on July 18th, 2023.
XDC broke out of the range-high at 214 on July 30th.
If XDC flips the range high to support, it is good for continuation to 391, which is the ATH and the completion of the cup.
The final target for this pattern is 1367.
Remember, this is highly speculative. TA is an art, not a science. Some patterns succeed , others don't. We are driving forward while using the rear mirror for directions.
My Take:
I think that allocating some small part of my long-term portfolio to XDC is worth the risk.
Long Entry:
XDC is a bit oversold on the weekly and 3D timeframe. It had a very nice uptrend and now it is retracing some of these gains.
I will ladder into XDC beginning at the 0.382 fib at 0.0605 USDT. My preferred price for entry is at the 0.5 fib at 0.053 USDT.
Note, the RSI support is at the 40 level. I expect it will hold the 40 and continue up.
NFA.
What do you think? Please share in the comments.
Best Wishes.
XDC Network Potential RetracementIn my opinion, considering the current market conditions and the broader performance of cryptocurrencies, XDC (XinFin Network) could face downward pressure and potentially trade lower at this time.
Many cryptocurrencies have experienced a recent decline in value due to various factors such as market corrections, regulatory concerns, or shifts in investor sentiment. XDC may not be immune to these trends and could be influenced by the overall market sentiment.
My price targets are $0.030 and $0.024.
Looking forward to read your opinion about it.
XDC XINFIN Descending Broadening Wedge Bullish Reversal IncomingXDC has been in this long correction consolidation as have most of the other cryptos in this bear market. It seems like XDC has found a bottom or is finding a bottom. This descending broadening wedge pattern that formed after a major bullish run is a great pattern and will result in a nice upside move to start XDC's next run up to possibly $3 on this next run. The descending broadening wedge breakout will result in a measured move of at least $.27 cents. XDC has been gaining alot of popularity lately in the crypto community and I think XDC is going to jump up into the top 10 or 20 very soon. Its fundamentals are amazing as well. Dont sleep on this one guys this is probably the easiest 100x there is in my mind. I show in the chart that XDC top will be around December 2023, I dont know if that is exactly when it will happen, it could be faster or it could be into 2024. Regardless XDC is about to melt faces and Ive been saying that for a long time. I will leave statistics below about how this descending broadening wedge will/should play out, its a direct copy and paste from CENTRALCHARTS.
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
FORMATION OF A DESCENDING BROADENING WEDGE AFTER A PEAK
This type of pattern appears during the correction in a bullish movement, it is a bullish continuation pattern. Resumption of the bullish movement after correction.
The break in the resistance line definitively validates the pattern.
The price objective is given by plotting the wedge’s maximum height onto the breaking point
NB: pullbacks are harmful to the pattern’s performance.
Statistics of the descending broadening wedge after a bullish movement
- In 79% of cases, the exit is bullish.
- In 23% of cases, a descending broadening wedge occurs in a consolidation movement.
- In 81% of cases, the pattern's price objective is achieved when the resistance line is broken.
- In 40% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
XDC BACK TO $0.01 (£0.0082)- XDC is a ISO20022 compliant crypto, it will do very well long term, however due to bitcoin being the leader I believe XDC will also fall and also a recession is coming aswell.
- If XDC goes to £0.0082 £1,000 gets you around 121,951 XDC coins.
- 1st Target 4.618 $0.81 (£0.67) 81 X RETURN
- 2nd Target 34 FIB LEVEL $5.65 (£4.66) 568 X RETURN
- 1,000 X 81 = £81,000
- 1,000 X 568 = £568,000
- NOT FINANCIAL ADVICE!