0X FOR A HAPPY CHRISTMAS0X Protocol is clearly the project with major interest between the mid caps and the listing on coinbase is the confirmation.
Graphical we can spot some interesting points.
Harmonical patterns:
The last run after the listing on coinbase was preceded by a bullish bat. This bullish bat was apparently not so powerful as it stopped at 0.5 of XA. But sometime apparences deceives.
Dominant Channel:
We can see two channels. The Orange (with positive trend) and inside this channel a smaller blue (with negative trend). the dominant channel is the one with positive trend, so I would follow the trend.
Pivotal level (grey bar)
10k satoshi is the key pivotal point. as you can see this point is of extreme importance. A support is associated with big gains and rejection is associated with big losses.
On 5 September this point acted as a break down point, but it was broken up again one month later. the rejection strenght has weaken under the influx of the positive trendline of the channel. This point can potentially strongly support 0x.
The triangle
There is a clear big triangular formation. Big triangle = big move (upward or downward).
Volume
Increasing big green spike
Risky levels
mid channel resistance
17k satoshi. A break with confirmation above this level will be associated with a 300% profit from now.
In summary
Positive trend with big structure to break up, listing in the major entry door in the crypto world.
Trade it properly to maximize profits and minimize the risks.
BIO
