XDC working on a double bottom/invh&s combobreakerAfter some very bullish priceaction over on the 1day chart, coinciding with the 1day chart’s golden cross, :
XDC has now found itself above the weekly 200ma (blue line)show on this weekly timeframe man idea I posted at the top of this page. Once it can solidify support on the weekly 200ma it should then break above both the tan trendline(inverse head and shoulder neckline) and the green trendline(double bottom neckline) once it hits the top target for the double bottomsbreakout XDC will then have made over 800% gains since the bottom of the market where it was trading at just below 2 cents. Now that it has gotten the same daily chart golden cross springboard launchpad several other alt coins have gotten I think it will reach these targets sooner rather than later. *not financial advice*
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XDC working on a double bottom/invh&s combobreakerAfter some very bullish over on the 1day chart coinciding with the 1day chart golden cross:
XDC has now found itself above the weekly 200ma (blue line)show on this weekly timeframe man idea I posted at the top of this page. Once it can solidify support on the weekly 200ma it should then break above both the tan trendline(inverse head and shoulder neckline) and the green trendline(double bottom neckline) once it hits the top target for the double bottomsbreakout XDC will then have made over 800% gains since the bottom of the market where it was trading at just below 2 cents. Now that it has gotten the same daily chart golden cross springboard launchpad several other alt coins have gotten I think it will reach these targets sooner rather than later. *not financial advice*
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.
XDCUSD Strong bullish break out signalXDCUSD is having an excellent two week bullish streak as after last week's candle that crossed over the MA100 (1w), this week the price is attempting to close over it.
It also crossed above the Channel Up and we need the Fibonacci Channel levels to determine the next High.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.0800 (Fibonacci 1.5 extension).
Tips:
1. The next target after a strong pull back will the the All Time Falling Resistance. Above that, XDC will aim at a new All Time High.
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