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XCNUSD trade ideas

XCN to reach $0.10 – $0.25 by the end of March Key Chart Elements: Fibonacci Retracement Levels The chart includes a Fibonacci retracement tool from a high of $0.08473 down to a low near $0.00146. Key levels: 0.236 ($0.02111) 0.382 ($0.03327) 0.5 ($0.04310) 0.618 ($0.05292) 0.786 ($0.06691) Price is currently hovering around the 0.236 retracement level, which is often a weak resistance level. Price Action & Volume A massive downtrend took place from August 2022 to early 2024. A recent spike in volume suggests renewed interest in the asset. The price had a sharp bounce from the bottom, indicating a possible reversal or speculative accumulation. Technical Outlook (Projected Path) The dotted gray trendline suggests a prior long-term downtrend. The blue curved line indicates a potential rounding bottom pattern, often a sign of accumulation before a move higher. The blue upward arrow suggests a bullish breakout projection, possibly toward the 0.618 or 0.786 Fibonacci levels ($0.05292–$0.06691). A break above $0.08473 (previous high) could confirm a major trend reversal. Support & Resistance Support Levels: $0.011 (Moving Average) $0.00146 (All-time low) Resistance Levels: $0.033 (0.382 Fib) $0.043 (0.5 Fib) $0.066 (0.786 Fib) Potential Scenarios: Bullish Case: If volume sustains and breaks key resistance levels, price could rally toward $0.10-$0.25 Bearish Case: If buying momentum fades, price may retest support near $0.011 before another attempt at breaking higher.
KRAKEN:XCNUSDLong
by ItsNutsTrades
XCN BULLISH BREAKOUT - 0.07 Downtrend with Potential Reversal: The price has been in a consistent downtrend, but a bullish inverted hammer is forming, which could indicate a reversal. The price is currently sitting near a strong support zone (marked in red). Support & Resistance Levels: Support Levels: Around $0.0186, $0.0183, and $0.0158 (red zones). Resistance Levels: $0.0217 (yellow), $0.0251, $0.0268, $0.0303, $0.0341, $0.0493, and $0.0611 (green zones). Indicators & Moving Average: The moving average (MA) is above the current price, acting as resistance. A possible breakout above the MA could indicate further upside movement. Bullish Scenario (Green Path Projection): If price breaks above $0.0217 and $0.0251, we could see a strong recovery towards $0.0341 and potentially $0.0493 or higher. Bearish Scenario: If price fails to hold support around $0.0186 - $0.0158, further downside could be seen. Conclusion: A reversal seems likely, but confirmation is needed (break above resistance). Watch for volume increase and price action near key resistance levels before making a move. If bullish momentum builds, the price could follow the green trajectory towards $0.0341 - $0.0611.
COINBASE:XCNUSDLong
by ItsNutsTrades
$XCN BULLISH PENNANT CLOSING This is a pretty obvious Bullish Pennant. Its noticable on all time frames but the 6 hour provided a little more detail. Now, In theory, this should break to the upside (which is starting to happen right now), but we all know that market fluctuations are most determined by the emotional whims of society and CRYPTOCAP:BTC 's bi-polar reactions so anything could happen. All im saying is, this should be watched closely, and if its breaks north, expect a bull run. Not financial advice.....
COINBASE:XCNUSD
by BryanNola504
7
XCN BREAKOUT 0.07The price experienced a strong uptrend followed by volatility and a retracement. It peaked around January 27th, followed by a pullback. There seems to be recent consolidation and a possible attempt at recovery. The volume spikes suggest periods of high trading activity, especially during sharp price movements. Current volume appears moderate, indicating less extreme volatility. If the price breaks above recent highs, it may attempt to rally towards $0.05. If it fails to break resistance, it could retest support near $0.025. Watch for volume increases, which may indicate the next strong move.
KRAKEN:XCNUSDLong
by ItsNutsTrades
1
XCN/USD on a 4-hour timeframe (BULLISH)The price has seen a significant upward movement but now appears to be consolidating. Multiple Bearish Harami, Bearish Hammer, and Bearish Marubozu patterns indicate potential reversal or downtrend continuation. Some Bullish Harami, Bullish Marubozu, and Three White Soldiers suggest strong bullish signals. Ichimoku Cloud: The price is above the green cloud, which usually indicates a bullish trend. However, if the price falls below the 0.0311, it could signal weakness. Resistance Levels (Ceiling where price may struggle to move higher) $0.0432 - $0.0462 → Previous high, strong selling pressure. $0.0355 - $0.0360 → Minor resistance, if broken could push price higher. $0.0335 → Psychological resistance around this level. Support Levels (Floor where price may find buying interest) $0.0310 - $0.0319 → Current price zone, key short-term support. $0.0304 - $0.0306 → If broken, could lead to more downside movement. $0.0256 → Stronger support, price may bounce here if selling continues. Outlook: If XCN holds above $0.0310, it might attempt to retest $0.0335-$0.0355 resistance. If price falls below $0.0304, expect a move towards $0.0256 support. Ichimoku Cloud suggests a bullish bias as long as price stays above the cloud. IMO - BULL SOON
KRAKEN:XCNUSDLong
by ItsNutsTrades
Buy Zone for Onyxcoin (XCN) at 0.02232 - SHORTPossible Idea - Buy Zone Description for Onyxcoin (XCN) at 0.02232 The buy zone at 0.02232 represents a key support level for Onyxcoin (XCN) on the 4-hour timeframe from the Coinbase exchange. This level is marked by a red horizontal support line, indicating an area where price previously found strong buying interest. The SMA indicators suggest an upward trend, but a potential retracement to 0.02232 could offer a buying opportunity. If price revisits this support, it may provide a favorable risk-reward entry before another upward move. Entry: Consider buying near 0.02232 if the price holds above this level with strong volume. Stop-Loss: Set below the support (e.g., 0.02150) to minimize downside risk. Target: Look for a potential upside move towards resistance levels at 0.03128 or higher. This zone could act as a retest area before continuation if the bullish trend remains intact. Always use risk management and monitor price action closely. 🚀 NOT FINANCIAL ADVICE = TRADE AT YOUR OWN RISK
KRAKEN:XCNUSDShort
by ItsNutsTrades
XCN is likely to pullback upwards of 40% in the short-term.XCN has been on an absolute tear as of late. Although price action has been incredibly bullish, it is very likely to pull back by upwards of 40% in the short term on the wave four count, reaching the bottom of the bullish wedge pattern before making a significant move to the upside. These bullish moves generally—but not always—comprise a five-wave count within these wedge patterns before making big upside moves, and XCN is currently at or near the top of wave three. As with anything in trading, this isn't guaranteed, but it is probably more likely than continuing up and breaking out on the wave three count. Therefore, there may be an opportunity for lower-priced entries in the coming days or weeks. Overall, I'm bullish on XCN, but this perspective is just something to consider. Good luck, and always use a stop-loss!
CRYPTO:XCNUSD
by MetaShackle
Possible Bounce to 0.6-0.7 Bullish Candlestick Patterns – The appearance of Bullish Marubozu, Bullish Harami, and a Bullish Engulfing Pattern suggests that buyers are stepping in, signaling a possible trend reversal or continuation of an uptrend. 4HR Chart shows strong potential for a bullish breakout. RSI Positioning – While not yet overbought, RSI levels suggest room for an upward push, confirming bullish potential. NOTE: This is not finanacial Advice trade at your own risk Goodluck
KRAKEN:XCNUSDLong
by ItsNutsTrades
1
XCN 21-Minute Chart: The 39-Bar Channel & 151-Bar Cycle RSI trends, and sniper entries on XCN. Mathematics in motion. 🧵👇 1️⃣ The 39-Bar Repeating Pattern: A Natural Channel? 🔹 We have now twice confirmed the 39-bar distance between key pivot points. 🔹 This repeating structure creates a channel-like movement, meaning price is respecting mathematical rhythm rather than random fluctuations. 📏 Possible Implications: • If price respects the 39-bar rhythm, we could anticipate future reactions at similar intervals. • If it breaks the channel, a new phase begins. 👉 Watching how the next 39-bar reaction unfolds could define the next major move. 2️⃣ The 151-Bar Cycle: Structural Foundation 🔸 The 151-bar length aligns with previous reaction points. 🔸 This isn’t random—it suggests a deeper Fibonacci-based rhythm in the price action. 🔸 This means that larger trends could be forming within this timeframe, influencing both short-term entries and long-term positioning. 💡 If this 151-bar cycle holds, it could act as the primary macro structure, with 39-bar reactions acting as the substructure. 3️⃣ RSI Trends: Above 50 & Holding ✅ RSI is currently at 51.24, signaling: • Momentum shift toward bullish territory. • Confirmation of strength if it holds above 50. • Next Fibonacci RSI level (61.8) could act as a resistance check. 📊 What to watch: • RSI retesting 50 → If it holds, bullish continuation likely. • RSI break above 61.8 → Stronger breakout confirmation. 4️⃣ What’s Next? 📈 Bullish Case: • Price continues following the 39-bar channel structure toward the next Fibonacci resistance. • RSI holds above 50, confirming momentum. 🔻 Bearish Case: • Price breaks below the channel, rejecting the cycle structure. • RSI loses 50, leading to a retest of lower Fibonacci levels. 🎯 Key focus: Will the 39-bar rhythm hold, or are we shifting into a new structural phase? Final Thoughts: Precision in Market Cycles This setup is not random—it’s about repeatable bar cycles, Fibonacci alignment, and momentum trends. 🔍 The math doesn’t lie—let’s see how this unfolds. 👉 Do you think the 39-bar structure will hold, or are we entering a new phase? Let’s discuss! 🗣️👇 -
CRYPTO:XCNUSD
by TEPELENA