XDC Clearly Bullish (270% Target Mapped) —Patience Is Key!My dear reader, here we have another "ending diagonal," the same pattern we reviewed twice earlier today.
➖ XDC Network (XDCBTC) is now turning bullish.
After a "down-wave," the action becomes less steep and the "ending diagonal" develops.
We could say this is simply the slowing down of the bearish wave for the actual reversal.
➖ XDCBTC produced a low late August and the bounce pushed prices above the upper-trendline of the ending diagonal. Moving above this trendline signals the end of the downtrend.
After two sessions red, we have a full green candle, worth three days each, cementing a short-term higher low. This higher low can lead to additional growth.
This is the same pattern we've been seeing on many charts.
1) A low in August that leads to a small (sometimes big) bullish breakout. The "initial bullish breakout."
2) This breakout is corrected, a small retrace.
3) This retrace always ends as a higher low compared to the low in August, or a double-bottom.
4) After the higher low, we get the resumption of the bullish move.
This is what we are looking at now; the start of a major bullish wave.
I went through many charts to find this one and I noticed that there are many bearish pairs.
So not all will grow.
Many are going down, others are green.
So make sure to choose wisely or just check the ones that I publish daily.
And remember, patience is key.
If you look back to the charts that I shared a month ago, early to mid-August, you will find that they are all growing and green, but slowly... It takes time, but they grow.
Patience is key.
Thanks a lot for your continued support.
Namaste.
