XCNUSDT trade ideas
Long XCNXCN has just tested the 1.618 Fibonacci level and we're seeing a golden bullish divergence on the 12-hour time frame. We did experience a bit of a fakeout dip, but I suspect that's due to low liquidity causing some delays in order fills. My long fill was a bit delayed so that’s why I’m saying this. As long as it doesn't dip below the wick, I'm feeling pretty bullish about this one.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
XCNUSDT ALTCOINS CRYPTO WAKANDIANWhat i really wish for; in the coming days after cpi
XCN WTF IS THAT
Now we are all awre that we are accumulating liquidity both side of the market
I wish to stay Neutral But an Old WISE MAN ONCE SAID
GO SHOPPING WHEN THERE IS BLOOD IN THE STREET
LMAO WARREN
ICT STUDENT
This is not a financial advice OR TRADE SIGNAL
DYOR
$XCN/USDT 8h (#Bybit) Descending trendline breakout & retestOnyxcoin (a.k.a. Chain) is pulling back to 200MA support after a clear bullish move and just printed an inverted hammer, looks good for more recovery.
⚡️⚡️ #XCN/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.2X)
Amount: 6.9%
Current Price:
0.01463
Entry Targets:
1) 0.01435
Take-Profit Targets:
1) 0.01953
Stop Targets:
1) 0.01089
Published By: @Zblaba
Risk/Reward= 1:1.5
Expected Profit= +43.3%
Possible Loss= -28.9%
Estimated Gaintime= 3 weeks
$XCN #XCNUSDT #Onyxcoin #Chain
onyx.org
XCNUSDT
XCNUSDT – 4H
Ichimoku cloud transiting below the asset indicates its clear uptrend, but there may be a pullback to the upper Keltner channel line at 0.01605.
Another possibility is to make a pulbak and go for 0.01774, or break the support and go to the Channel median at 0.01487.
Everything depends beyond the buying force, BTC and the macroeconomic scenario.
Here are the supports and resistances in the 4H:
Main support levels : 0.01605 / 0.01487
Main Resistance Levels : 0.01774 / 0.01867
Price floor and growthThe live Chain price today is $0.012481 USD with a 24-hour trading volume of $6,511,269 USD. We update our XCN to USD price in real-time. Chain is up 6.57% in the last 24 hours. The current CoinMarketCap ranking is #115, with a live market cap of $267,993,983 USD. It has a circulating supply of 21,472,783,889 XCN coins and a max. supply of 53,474,611,831 XCN coins.
After a few days, the market remained at the bottom of the price and now it has broken the ceiling and is ready for a big growth
We can get a good hold from it
This currency has been supported by several games and its price is not going to reach zero and this position can have a good growth
We can do both futures and spot trading
But I love to take risks and have opened a futures trade
Because I believe that there is no success without risk
Also, the moving average and the Ichimoku indicator in the four-hour chart show well that the market is moving upwards.
Long XCNXCN appears to have broken through resistance levels, as evidenced by its recent recovery from oversold conditions. Additionally, the bullish divergence currently present in the market indicators suggests that the asset may experience significant gains in the near future. As such, it is prudent to closely monitor XCN's performance as it tests these newfound support levels.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
XCNUSD - Buying DEGEN Coins Price is evidently in a decline but can it go up?
History repeats itself and it shows even on this chart that it can
Degen coins like this like to do their thing until they reach a point and then they explode amazingly
Lets see if there is any explosive potential out of this current down move
Another example of a great Degen coin is Populous, I have linked relevant chart and ticker below
XCNUSDT Strong short-term buy signalChain (XCNUSDT) has been a regular on our portfolio lately as we have been accurately following a specific Bearish Megaphone pattern since late September:
Right now the 1D RSI is approaching again its recurring Lower Highs trend-line, a break above which will be an instant buy signal, targeting the 1D MA50 (blue trend-line) again, as we our previous signals.
On the other hand, a break below the 0.03500 Support (Fibonacci 0.0), will be a sell signal, targeting the bottom (Lower Lows trend-line) of the Megaphone and the -0.236 Fib. On the bull side, a break above the 1D MA100 (green trend-line), will be the major buy signal that the market needs, as it has been untouched since July 11 2022, targeting the 0.5 and 0.618 Fibs.
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Bottom of channelXCN has reached the bottom of descending channel and could make a pull back to the middle. On hourly we can see a small tripple bottom and bullish divergence on few hourframes.
Place the stop loss under the channel and profit the midlle of the channel. Just an idea. What else can happen is that the channel support that has been made since summer does not hold and it falls lower and then retakes the channel again.
XCNUSDT Rise short-term but still limited unless this breaks.Chain (XCNUSDT) followed the pattern we suggested 40 days ago and after a short rise it dropped to the -0.236 Fibonacci extension level:
As you see, today is having a +22% rise. The long-term pattern is a Bearish Megaphone on this 1D time-frame. This short-term rebound is aiming at the 1D MA50 (blue trend-line), between which and the July 11 Lower Highs trend-line, all previous three Lower Highs were formed. This is our target but in order to engage in further buying, we need to see a break above the 1D MA100 (green trend-line), which is unbroken since July 11.
In that case, our target would be the 1D MA200 (orange trend-line), which potentially by that time should be near the 0.618 Fibonacci retracement level. In the event of a strong rejection on the Lower Highs trend-line such as on October 20, September 22 and August 21, we will treat it as a sell opportunity and target the 0.04765 Low and then the -0.236 Fibonacci extension again.
P.S. See how the aggressive rises take place when the 1D RSI breaks above its Lower Highs trend-line and the 1D MACD makes a Bullish Cross.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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