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XCAD Network / Tether

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XCADUSDT trade ideas

XCAD / USDT has bounced off the resistance and takes away energyHello everyone, let's take a look at the XCAD to USDT chart on the 1D interval. As you can see, price is moving above the local uptrend line. Let's start with the line of support and as you can see the first support that the price is currently based on is $ 3.09, if the support breaks down, the next ones are $ 2.09 and $ 1.30. Now let's move from the resistance line, as you can see, the first resistance is $ 4.38, if you can break it, the next resistance will be at $ 5.65 and the next resistance at $ 6.68. Looking at the CHOP indicator, we can see that in the 1D interval we are starting to recover energy, while the MACD indicator shows an upward trend.
by cryptodailyuk
What happens now, XCAD has broken the bearish downtrend line?Bullish Scenario: On a higher time frame, such as the daily(D), XCAD has broken the bearish downtrend line. It is now trading above the $3.6 support zone. If it remains above this zone and the $5.0 resistance level is broken, we could witness a move towards $5.6, $6.4, and much higher. Bearish Scenario: We’re witnessing some early indicators of bullish momentum, but we can’t rule out the possibility of a bearish scenario. XCAD is still in a downtrend on higher time intervals, such as monthly(M). Failure to hold the $3.1 support level and a break below $2.4 could result in a slide to $1.6 and lower.
Long
by AltcoinBuzzTrading
XCAD Network is Now Ready for a Wave 3 Rally SoonXCAD Network Initial Coin Offering was somewhere around May 2021. So I'm certain this chart is showing XCAD from the very beginning. It started with a 5 wave Leading Diagonal with subwaves 3-3-3-3-3 to complete a Supercycle Wave 1. And then it retraces to form Wave 2, a Zigzag pattern as I checked on the Daily timeframe. Trading volume also shows some spike of interest. It's should be ready for next Wave 3 Impulsive move. Best buy price? You may buy anywhere inside the grey box/zone. Again this is not financial advice, please do your own due diligence about the project.
Long
by UnknownUnicorn2898427
XCAD ready for the next leg up to $12Recent outlook: XCAD has been ranging $5.2 and $8.3 since early November. The price has hold strong to the uptrending support like (thick green) Recently bounced from the RSI historic low at around 40 MACD cycles have been diminishing, but recently broke from the downtrend and signal line crossed above showing a bullish signal. I was not a fan of the RSI-price bearish divergence (price up, RSI down), but this was invalidated in the last couple of days, so all good so far. Historical movements: Historically, bounces off the long term support line resulted in break of previous resistance. The first on Sept 1st 2021 resulted in a rally of +228% and a retrace to the 0.61 Fib level, where the level was turned to support with a +25% from the previous resistance. The second on Oct 20th 2021 resulted in a rally of +167% and once again a clean retrace to the 0.61 Fib, where the level was turned to support with a +28% from previous resistance. Price Prediction : We bounced off the resistance line once more on Jan 11, with a +42% price increase. We know that after the possible rally we expect to retrace to about +25% from current resistance. The would be about at $10.65 for the new support level, with psychological support at $10. Therefore, I would expect the rally to total to 181%, meaning another 140% upside from here to $17.24 dollars. Adjusted price prediction (conservative) Based on the fact that strength of moves has been decreasing between the 1st and the 2nd I would then adjust this to a +120% - +130%, giving us another +80% upside from here, putting the price at $11.3 and a retrace to a new support at $8.5 (current resistance).
Long
by TheAlgoOracle