XENUSDT trade ideas
XEN Looking Ready For Potential Reversal?XEN has been a tricky project to track on the chart. As the supply slowly increases with minting lockups ending at random times a true bottom or cycle is probably not possible to forcast BUT buying and selling patterns certainly are.
This is a daily chart and looking at the wave trend oscillator we can see momentum curved to the downside and is hitting an area time wise we would expect a bottom. The waves are deep in the over sold area along with money flow deep in the red.
Bullish signal would be the money flow showing signs of divergence. Money flow slightly rising while price is still going down. Also looking at the local down trend it has perfect curvature to the downside and when time and price are square the trend is exausted and will change.
This is a very low liquidity asset and requires a completely different style of trading than typically leverage plays. Best to DCA in key area that have a stong chance of reversal.
IF the crypto market as a hole is going to push up XEN was certainly a major bear market mover and has some fundementals to back it up. Inspite of constant inflation from minting it managed to pull a near 1300% rally in the bear market. It has support......
Current trading plan is to being scaling in by DCA in the current price range and target the marked areas above.
For target confluence the golden pocket of our nasty down trend is aligning quite nicely with the 200 day EMA which is also magically in the last consolidation area.
Trade Well..........Join Us
XENUSDT: targets based on trend-based Fib (3D-chart)XEN is close to the LoW (Low of the Week).
Using the trend-based FIb I've determined the targets for taking proft.
These targets have confluence with Daily and/or Weekly levels of resistance and/or EMA-levels.
- 195: Daily level/ EMA 50-level (closing in)
- 430: trend-based Fib 0.091 level/ EMA 100-level (closing in)
- 800: weekly level
- 1000: HoW (High of Week)
- 4800: the -0.618 Fib-level corresponds well with a daily close on the Daily
These levels are 'obvious' levels and/or levels based on a Fib. Both have proven to be good places for taking profit for me.
Xen Time...25x PotentialAgain we are talking about xen as it has real potential. Price has now but in what appears to be a higher low after 90% retrace of it's 10x pump.
Macro structure now has a higher high and what is hopefully a higher low.
Price will probably enter a sideways range but the developing sideways accumulation range has 80-100% spread.
This is a 6hr line chart with a high probability target areas for pullbacks and a 1.5 expansion of the previous trend would give XEN a 25x from its current price.
Xen Time Soon?Xen has certainly taken quite a beating over the past few months but the fundamentals that created it's previous rallies still exist.
Now that price has retraced nearly 100% of its previous 10x rally it appears to be forming a descending wedge that will hopefully brake to the upside.
Hopefully see some action in the coming week or two.
XEN Layer 1 By Early Google EngineerXen crypto is certainly a different project. Xen launched a little over 6 months ago in the middle of a bear market on nearly every block chain a token can be created on. At first its pupose was relatively unknown but it soon became apparent that xen was to be a freely distributed gas token for a new and extremely powerful layer one block chain of its own.
To entice users the xen team allowed the entire supply of tokens to be minted by potential users for Free.
FREE As in NO team allocation of any kind and the entire supply minted freely by users until all tokens have been created.
One of the most promising features of Xen is its founder.
Xen was started by early google engineer Jack Levin under the same game theory applied by Google in the early days. Providing the product free to gain the trust and support of users seems like an unprofitable business adventure but in an industry with fierce competition today we can see the business model obviously worked to set google as the leader in web searches. It is the mass flow of eager users to the Free product that set google in a place to sell enough services to set it at the top of the tech sector.
Xen crypto appears to be shooting for the same response. In the crypto industry competition is equally fierce and speculators are looking to see who can grab the attention of users and xen may be it.
The token was launched and minted for free so looking at the price chart we can see the imense sell pressure. Through crafty tokenomics this sell pressure will not last forever.
Looking at a multi ema ribbon we can see price for the first time since its launch is approaching and possibly ready to cross the 200ema.
Being this is a relatively new project risk is always high but so is the reward if the project can reach its real potential.
Xen crypto has a qualified public leader with a real product that businesses and regular people alike will have a real need for.
Fast cheap and effective layer one block chain.
Time will tell the tale.
XEN Accumulation Zone Target 20xFundementals:
Large active communtity
Engaged founder early google engineer
Growing youtube presence
Visibility from engagement with the massive HEX community (just saying... thanks)
Constant developement on multiple chains and ecosystems
Layer 1 in process
First priciples theme
Technicals:
Price is down approximately 85% from swing high
MAJOR decrease in volume indicaing sellers are thinning
Price is at a technical target level for the head and shoulders that formed at the swing high
Current price level is also at the bottom of a large fair value gap
Momentum oscillators double bottomed on daily chart
Price is approaching long time daily trend Line
Trade:
The rebound pumps in this down trend have been trade worthy but fizzle out each time with high volume at the daily down trend line.
This time we are approaching the daily trend line from a much different position indicating xen may be ready to make a serious corner. Applying the average momentum currently targeting 1500-2000% range.
Price is low reducing risk drastically as we approach the lows. Given this is the case dollar cost averaging and simply accumulating for a larger and longer swing position is more than reasonable. Some side ways action or further down side is certainly possible but a brake of the daily trend line may also spark a fast hard move up leaving many behind.
🙇🏻Accept my apologies - Lesson learnedA quote for me: “If you’re not making some notable mistakes along the way, you’re certainly not taking enough chances.”
A quote for you: “Learn from the mistakes of others. You can’t live long enough to make them all yourself.”
Welcome to the beautifully nasty world of Crypto Trading where everything can happen but one thing is for sure: Most people are GREEDY!
That is why we should:
- never invest 'too much' on any specific project
- take some profit if we are given the chance
In this case i must admit i made both mistakes..it happens.
Now let's go to the lesson:
'Never trust multiple coiners.... The idea of a team/project launching more and more tokens/projects is a bad sign. Keep tha in mind
Read more about it here:
text from PLS (same story with XEN) and Richard (same story with Jack) post here:
Despite the million Twitter posts and the overall 'community' power what i see here is a huge potential fiasco.
Given that many people who 'sacrificed' stablecoin ended up having PLS thus lkosing on stablecoin deposit (investment) can only be bad news.
Richard Heart has done a lot of people a great amount of good with HEX but hasn't he let them down with the launch of 'another one'?
I wouldn't invest in this guy...take a look:
snapshot
The 'hey I'm the Good Guy' image keeps failing these days: ref richardheart.com/
I know of another 'Good Guy gone greedy' Mr Jack Levin of XEN and his 'good boy fair crypto foundation'.
ref1: xensource.gitbook.io...xen-level-1-beginner
ref2: faircrypto.org/
Results?:
snapshot
So yeah.. Good Guys who can't stick to one token/project... be aware
🙇🏻i would like to apologize to everyone and admit my mistakes:
- Got wrecked with XEN
- got 85% back on my stablecoin investment on PLS yesterday (thanks to OKX accepting deposits from Pulsechain)
🙇🏻we all make mistakes but the secret is to learn from them:
Never trust a 'Good boy' in crypto...
Never trust a person/team which keeps launching more and more tokens/projects
One Love,
The FXPROFESSOR
PS. not to mention that XEN and their 50 other tokens on may chains (etc etc etc etc) especially the Vampire one (BRC20) had a nasty role to play in the Bitcoin network congestion problem. It is up to us as investors/traders to take the right decisions and send these 'good but greedy boys' where they belong....
XEN UPDATED OutlookRecently the I received some messages and comments regarding the price action of xen from an individual that appears to have bought the top around .000009.
Unfortunately this was the level we and many others we indicating it was wise to take profit. Currently this investment would be down massively and serves as good reminder why to never buy the pump unless prepare to use a stop loss and ok with it getting hit.
Xen may be a bullish project, have a lot of support, and poised for much higher prices but it is still a LOW LIQUIDITY ASSET.
Low liquidity means a few big sellers or a few big buyers can move the price significantly and unless you are in for the short term, watching the order books dilegently, and prepared to sell at a moments notice low liquidity is not for day trading. Apeing into low liqudity projects AFTER they pump is silly and irresponsible.
With that said IT HAPPENS and personally I am guilty of the same mistake as FOMO of a serious price rise has a drastic effect on the way we think and feel. XEN has this potential and buying the top MAY have actually worked but still never a wise decision. Always better to rotate capital into something else that hasn't pumped yet then fomo in AFTER massive upside.
If you have found your self in this position there are option.
Option 1: If more funds are available begin to dollar cost average as the price continues to decline to lower your entry cost.(Peronally I would take this option EVERY TIME if possible)
Option 2: DO NOTHING and hope that project moves forward as projected and sell at much higher profits for mad gains. (If no funds availble to DCA and lower entry cost I would do this on a project like xen)
Option 3: Sell for a massive loss (Personally I would never take this option unless the project and community completely feel apart)
The formula is simple buy in the red and sell in the green.
The updated chart is using our typical modeling method of identifying the curvature of the percentage change using a log scale and using 15degree increments to map out high probability price levels and time periods based off of the recent price action
There are a lot offake WD Gann guru's that pretend to understand his methods but ALWAYS indicate you need to discover the last step yourself. This is simply because they don't understand it and are stuck looking for some pie in the sky fake price prediction method that ALWAYS WORKS PERFECT.
The method used on this chart is the same as how gann used the square of 144. He simply was an EXCELLENT trader and was mapping the momentum of the buying and selling rate on the chart. By hand one could take past price values and time periods and using the square of 144 map out how the same rates would lead to possible future values IF NOTHING CHANGED.
Trade levels and time cycles accordingly. We are currently but SLOWLY DCA'ing back into xen and yes may brake the low but don't expect it.
XEN Time Again?Patience is a virtue and is definately necessary trading low liquidity alt coins.
Low liquidity is what allows massive upside but like leverage trading it also alows for massive moves to the downside.
Xen has been showing signs for a few days that sell pressure is decreasing.
There was hope a few days ago of a reversal after retracing 50% of its 10x move up from the bottom. Unfortunately we did see a small relief pump but have continued down.
We have now retraced to our last real high volume node just below the 61.8 level.
There is a CLEAR down trend on the chart and braking this trend at the last real support level would be extremely bullish for a serious relief pump or full reversal and continuation to new highs.
We are looking for a brake of this trend at 0.0000045 and HOLD or retest before swaping from eth back to xen.
This chart is a daily bar chart showing the amount of time it took to exaust our first real uptrend. Typically this is a good indication of how much time it takes to complete one cycle.
Looking at the oscillators we can also see the wave trend is bottoming out and the stochastic is starting to curve slightly to the upside.
We have marked the dates on the chart along with 25% time increments to monitor progress.
Xen Ready For Next Leg Up?Xen has already enjoyed a 1000+% price increase from its bottom but has also already retraced 50% in only 11 days.
The question is how far down will the retrace take us?
While it has happened quite quickly a 50% retracement is pretty significant and an appropriate place to look for at least a relief rally for a double top or full reveral and continuation to new all time highs.
Currently looking at a 4hr line chart we can see we are making a possible double bottom right at the 50% retace mark with bullish divergence.
If we hold this level, price will be making a lower low with a higher low on the oscillator at a key support level after a 50% price drop.
High potential pattern for brake a out or relief rally.
XEN's Journey to $1.00
What is XEN?
XEN is a community-building crypto asset that connects like-minded people together. XEN has the lowest barrier to entry through its unique tokenomics. It's a fair crypto that is owned by the community, with no pre-allocation for investors or the founding team. Instead, 100% of the liquid XEN supply is minted by the community.
Who are the founders of XEN?
The Fair Crypto Foundation, led by Jack Levin, an ex-Google employee #21 and a Silicon Valley entrepreneur who has been a Bitcoin miner since 2011, launched XEN based on the first principles outlined in Satoshi Nakamoto's Bitcoin white paper.
What makes XEN unique?
XEN's simplicity, fair distribution, and fast-growing community make it stand out in the crypto world. Its contract is immutable, open-source, with no admin keys and only 400 lines of code.
XEN has become extremely popular among users and developers. In just six months since launch, over one million users globally have participated in XEN minting from 350M million wallets across 10 EVM-compatible chains, and many community projects have been launched. Over $50m has been spent on gas to mint XEN on Ethereum.
What's next for XEN?
The Fair Crypto Foundation team is currently working on its layer one chain called X1, which is set to launch in 2024. The native token of X1, XN, will have a capped supply and will be bridged with XEN on all 10 EVM chains where the XEN contract is present.
At the same time, the team is focused on community development and supports community-launched projects that are based on 1st principles.
What can XEN token be used for?
XEN token is a versatile asset that serves as a foundational component of many fair launch crypto protocols within the XEN Ecosystem. This makes it highly valuable for anyone involved in the crypto community. XEN tokens are required to participate in various XEN protocols, including XEN torrent, XENKnights, DBXen, Xenlon Mars, Fenix, and X1 chain, among others. By holding XEN tokens, users have access to a wide range of decentralized applications and can participate in building the future of the decentralized web.
Here are some other articles that you may be interested in:
XEN - 💚 Next stop @0.118 💙Market fails today but good analysis doesn't.
In a bad day like this Monday is, XEN continues to prove the analysis right: I think it's destined for Higher grounds and we are just at the beginning (not the very beginning but the right kind of the beginning).
New breakout and next level is at 0.0000115.
Again, I hope I am right and I usually am: XEN is already an important player in the Ethereum ecosystem (read my previous post on Ethereum guzzler mode) and it can become one for Bitcoin as well (Bitcoin Ordinals and New Project XENtoshi in Development).
Again:
💙Inspired and designed on the 1st principles of Crypto
💙Built on Ethereum and assisting Ethereum
💙No VCs, no influencers, no scams, no hype and bs
💙Ideal for Crypto adoption
💙Nice way of becoming deflationary
💙a Proof of Participation (PoP) crypto
💙No words, built on concrete long open-source code!
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XEN - My new Crypto mistress Project 💖
One Love,
The FX Professor 💚
