XENUSDT trade ideas
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.
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.