XDCUST trade ideas
XDC updatelots of folks asking for an update on this one for some reason, levels have been playing nicely, added the extention for a run off price target of about .20 if it can grab some momentum off the xrp lawsuit or any news. tapped the levels looking at a retrace currently but could bounce of any of these levels, would look to accumulate lower near .03 again.
XDC Price Prediction & Long EntryPrice Prediction:
My friends
I caution you in advance. This price “prediction” is super speculative. Regardless, it reflects what may happen if the current trend repeats.
The Cup and Handle pattern timeframe is usually not more than six months. The principle behind the Cup and Handle is a parabolic move, correction, parabolic move. From this perspective, I think it also fits the pattern of a bull run, bear market correction, a recovery phase, and another bull run.
The proportions of XDC’s USD chart support a cup and handle only on the log chart.
I’m a TA. I don’t use Fundamentals.
Having said that, if XDC’s price comes close to my prediction, we’re looking at multiple Xs.
XDC/BTC
The XDC/BTC chart is also showing a Cup and Handle.
XDC broke through a diagonal resistance at 143 on July 18th, 2023.
XDC broke out of the range-high at 214 on July 30th.
If XDC flips the range high to support, it is good for continuation to 391, which is the ATH and the completion of the cup.
The final target for this pattern is 1367.
Remember, this is highly speculative. TA is an art, not a science. Some patterns succeed , others don't. We are driving forward while using the rear mirror for directions.
My Take:
I think that allocating some small part of my long-term portfolio to XDC is worth the risk.
Long Entry:
XDC is a bit oversold on the weekly and 3D timeframe. It had a very nice uptrend and now it is retracing some of these gains.
I will ladder into XDC beginning at the 0.382 fib at 0.0605 USDT. My preferred price for entry is at the 0.5 fib at 0.053 USDT.
Note, the RSI support is at the 40 level. I expect it will hold the 40 and continue up.
NFA.
What do you think? Please share in the comments.
Best Wishes.
This token gets leveraged and shorted to deathI never shorted or used leverage in any trades. Getting nervous about trading this anymore.
defining moment is coming 2024. Will it leg up retracing support or will it lose momentum. The trading range is getting narrow and many are taking profit due to higher leveraging for less market movement.
XDC Network Potential RetracementIn my opinion, considering the current market conditions and the broader performance of cryptocurrencies, XDC (XinFin Network) could face downward pressure and potentially trade lower at this time.
Many cryptocurrencies have experienced a recent decline in value due to various factors such as market corrections, regulatory concerns, or shifts in investor sentiment. XDC may not be immune to these trends and could be influenced by the overall market sentiment.
My price targets are $0.030 and $0.024.
Looking forward to read your opinion about it.
XDC - it is now time to get back in !!This investing idea is especially for TRADERMARIANO a long term follower !!
Everytime I was looking into XDC I saw nothing but bearishness during the last 12 months, despite all the steps that this company took to grow its ecosystem !
XDC has broken out of a long term large bullish broadening wedge and has made a text book back test.
50 D moving average looks like it wants to cross the 200 D ....
RSI looks very promising with a recent cross of MA and the lower time frame MA turning up again.
Volume by price is indicating that, once price crosses the 0.031 level things will start to get interesting.
I am very confident about taking a healthy position right now.
Do your own diligence. I am only telling you what I am doing with my own money ! All the best to you out there ... and special thanks to TRADERMARIANO !!!