XENUSDT trade ideas
XEN CryptoXEN Crypto, like many crypto project, been in a downtrend move since the birth. However, XEN's price behavior have changed in the past 2 months and significant growth occurred. After the upward impulse wave finished, price entered a corrective wave which unfolded in a downtrend channel; Now, it seems price may breaks this channel. Let's see what happens.
Note; the depicted Elliot waves shown are for display only and its too early to determine their exact locations.
Xenusdt trading opportunityXENusdt displays indications of a potential falling wedge structure, recognized as a reversal pattern. Presently, the price remains within the confines of this wedge pattern, with an anticipated breakout on the horizon.
The highlighted Demand zone on the chart represents an area suitable for extended accumulation, providing potential entry opportunities for long positions.
Outlined on the chart are targets, with the external supply zone identified as the final setup target. This zone signifies a prospective area where the price may aim for after a breakout from the falling wedge pattern.
Stop loss level given on the chart is very important, keep an eye on it to mitigate the risk should incase market turn around.
If you find value in this analysis, your support in boosting and leaving comments is appreciated for continued market insights.
XEN: $0.000 00 2355 | For the Good of Humanity indeedorganically sexy across chains where devs and prebious founders of projects
are at awe..
price is jst a distraction
when this sinks in to the rest of the space it may be too late to get volume
as price shall be gapping up like SANDBOK & ETHEREUM back in the day
Xenomics may just be the new business model moving forward the next halvings of the space
Xen Accumulation Over and Ready To Rip?Looking at the xen chart we approaching a time cycle where a piviot would be likely. Being we are still in a sideways accumulation range there is a potential for a trend change to the upside.
This is daily chart and since the potential bottom while ranging it is still making higher highs and higher lows. Current push down to the bottom of the range and rounding into it for a likely reversal
Current Trading Plan:
Bullish, very very bullish.
This is a low liquidity asset and another 100% captial risk.
Currently looking to hold long for mean retrace 4x higher.
Trade Well...
Your Friend,
Degen
XEN Poised For a 16x?XEN crypto is different project that proclaims an adherence to the first principles of block ledger. While it sounds nice the "Free" distribution modle has absolutely hammered the price.
With that said the minted supply has likely decreased as ETH gas prices have risen, reducing the amount of discounted supply.
This is a daily chart that is focusing on the retracement of the last swing high and utizing an expansion of the initial range. The oak lives in the acorn...
Xen does have a cult like following developed by the semi free model rollout. While it has hammered the price since launch it has also gained the attention of all the free users.
Greed for mad gains with little investment is enticing.
Current Trading Plan:
Current plan remains the same aside from accumulation is likely ending. The straight up and down pump indicates that sellers are weak if not depleated in comparison to buyers. Targeting the 75% retrace area for a 1600% increase but also open to a retrace of the accumulation range for more liquidity.
Risk on this is 100% as it is a low liquidity project and should be treated as such.
Trade Well...
Your Friend,
Degen
"He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God
If you don't like it don't read it.... I do
Xen Ready For Another 1.5x?Xen has been along time personal favorite and after months of selling pressure from early minters price appears to be on the rise.
This is a Daily chart and is up approximately 150% in 3 weeks. Currently price is pulling back into past resistance and if there is a bullish reaction the rally may continue.
Current Trading Plan:
Hold long and accumulate the support resistance flip for an additional 150% move to the upside.
If price fails to hold the current trend a retest of the lows or even lower are certainly possible.
Xen is a low liquidity project with a 100% captial risk profile
Trade Well...
"He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God
If you don't like it don't read it.... I do
Your Friend,
Degen
Xen Higher Low 800% Mega Pump? Xen is the bottom of the barrel risky when it comes to any form of investing as it is extremely low liquidity and extremely high risk.
While extremely high risk xen checks a lot of boxes for high reward potential. Past rallies of 1000+% in bear market conditions and a cult style following.
Last major bull rally that commenced from much higher prices ran 1300%. We have since came down substantially lower than the low of the bull run with potential bottom.
Since the potential bottom, price has rallied to retrace 25% of the way back to the previous rally high. After the 25% retrace price has since came down again for a higher low with a clear double pattern on the verge of a break out.
While chart analysis NEVER provides any form of guarantee the common bullish reversal signals we use for our edge are certainly present with very high targets.
Current trading plan is a 100% capital risk long for a 50% retrace of the last rally high in the 50% sell window from .0000014-.0000021.
Trade Well.....
XEN TOKEN CRYPTO XEN provides users with similar functionality to an ERC20 token, allowing them to trade other cryptocurrencies and NFTs. In addition, users can connect to the Uniswap ecosystem to create liquidity pools and limit orders. XEN's ultimate objective is to achieve maximum liquidity by promoting widespread adoption.
The tokenomics of XEN are disinflationary due to the naturally sloping adoption curve, which follows a logarithmic pattern, making it increasingly difficult to mint more tokens as more participants join. Although XEN does not have a cap, the growing difficulty of generating additional tokens ensures that its tokenomics remain disinflationary.
XENUSDT Still On TrackXENUSDT had a nice run but it formed a rising channel which broke to the downside as expected.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed the diamond and is printing a green reversal candle.
Overall, just a healthy pullback on it's way to the target.
I'm still holding and watching.
Not financial advice.
