XDCUSD is bullish and has broken out of daily blue downtrend line. We have multiple buy signals.Steps to take:
- Buy at lower support line OR break of upper resistance line with full open/close candle above
- If you already hold XDC you can consider selling at .0739 resistance area if it creates short term rejection OR multiple sell signals
Note
XDC played out exactly as we expected. Possibility now of a rejection at .105 area. If we don't break and hold above this resistance XDC likely retraces back to .074 area for a retest of the breakout.Note
For those holding long, what you want to see is a break of this current .105 resistance and a retest to turn that area into new support OR a retest of the .074 support and continued move up. Either scenario will be considered bullish continuation.
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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.