The price has seen a significant upward movement but now appears to be consolidating. Multiple Bearish Harami, Bearish Hammer, and Bearish Marubozu patterns indicate potential reversal or downtrend continuation. Some Bullish Harami, Bullish Marubozu, and Three White Soldiers suggest strong bullish signals.
Ichimoku Cloud:
The price is above the green cloud, which usually indicates a bullish trend.
However, if the price falls below the 0.0311, it could signal weakness.
Resistance Levels (Ceiling where price may struggle to move higher)
$0.0432 - $0.0462 → Previous high, strong selling pressure.
$0.0355 - $0.0360 → Minor resistance, if broken could push price higher.
$0.0335 → Psychological resistance around this level.
Support Levels (Floor where price may find buying interest)
$0.0310 - $0.0319 → Current price zone, key short-term support.
$0.0304 - $0.0306 → If broken, could lead to more downside movement.
$0.0256 → Stronger support, price may bounce here if selling continues.
Outlook:
If XCN holds above $0.0310, it might attempt to retest $0.0335-$0.0355 resistance.
If price falls below $0.0304, expect a move towards $0.0256 support.
Ichimoku Cloud suggests a bullish bias as long as price stays above the cloud.
IMO - BULL SOON
Ichimoku Cloud:
The price is above the green cloud, which usually indicates a bullish trend.
However, if the price falls below the 0.0311, it could signal weakness.
Resistance Levels (Ceiling where price may struggle to move higher)
$0.0432 - $0.0462 → Previous high, strong selling pressure.
$0.0355 - $0.0360 → Minor resistance, if broken could push price higher.
$0.0335 → Psychological resistance around this level.
Support Levels (Floor where price may find buying interest)
$0.0310 - $0.0319 → Current price zone, key short-term support.
$0.0304 - $0.0306 → If broken, could lead to more downside movement.
$0.0256 → Stronger support, price may bounce here if selling continues.
Outlook:
If XCN holds above $0.0310, it might attempt to retest $0.0335-$0.0355 resistance.
If price falls below $0.0304, expect a move towards $0.0256 support.
Ichimoku Cloud suggests a bullish bias as long as price stays above the cloud.
IMO - BULL SOON
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.