Proton: the bottom is in
Like everything else XPR had its dumping time but I think the bottom is in. As you can see 0.786 Fib line has been passed and now price is back over it, overall the entire price chart on daily timeframe is into a descending wedge which eventually will break out.
Bollinger bands (not shown here) have noticeably squeezed compared with the first 15 days of decemeber although not enought to show an imminent break out while stochastic momentum index shows a bullish DIV which in my opinion has still to play out. Checking on volume flow indicator it confirms volume is lowering but this is very common prior a break out event.
I think that considering XPR project and considering the TA this is a very good moment to start accumulate XPR, especially if you don't have any yet. Even another correction can't go much further down from here. The target on the chart is "by book's rules" but you know that in the end it's mostly BTC which makes the pace of cryptos.
Good luck.
Bollinger bands (not shown here) have noticeably squeezed compared with the first 15 days of decemeber although not enought to show an imminent break out while stochastic momentum index shows a bullish DIV which in my opinion has still to play out. Checking on volume flow indicator it confirms volume is lowering but this is very common prior a break out event.
I think that considering XPR project and considering the TA this is a very good moment to start accumulate XPR, especially if you don't have any yet. Even another correction can't go much further down from here. The target on the chart is "by book's rules" but you know that in the end it's mostly BTC which makes the pace of cryptos.
Good luck.
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