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XWCBTC

WhiteCoin VS Bitcoin Approaching Key ResistanceIn the beginning of May, WhiteCoin has found the support at 88.6% Fibonacci retracement level, that is 635 satoshis. Since then XWC/BTC has been going up exponentially and has already reached 2180 satoshis, providing a strong 250% gain over Bitcoin. But how far can it go, and will it stop growing any time soon? Well, today WhiteCoin has broke above the 61.8% Fibs, that is 1980 satoshis and the nearest strong resistance is at 76.4% Fibs - 2370 satoshis. This level could be the key resistance of the XWC, which should potentially provide more insight on further price development. While th 2370 satoshis target is expected to be reached very soon, the correctional move down first is also possible. The short term buying opportunities are there, but the key resistance must be watched closely.
Long
by CryptoPAMM
XWC to 1400sats by mid-November?Hey guys, We just hit the upper residence (yellow line) for the trend XWC had been forming over the past few weeks. Right now we are almost at the lower support (the orange line) of the 'channel' the trend has been forming. I'm thinking we'll hit the upper resistance once more, see a drop back down, and then hit the top of the over arching trend which has been forming over the past few months (the red lines, zoom out to see the trend). If all this works out we'll be sitting pretty around 1400 sats by mid-November. However, it is imperative that the support (orange line) holds for the next few days. Please let me know what you guys think...am I being to hopeful? Cheers.
by toothpasta1
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