XDC Network Potential RetracementIn my opinion, considering the current market conditions and the broader performance of cryptocurrencies, XDC (XinFin Network) could face downward pressure and potentially trade lower at this time.
Many cryptocurrencies have experienced a recent decline in value due to various factors such as market corrections, regulatory concerns, or shifts in investor sentiment. XDC may not be immune to these trends and could be influenced by the overall market sentiment.
My price targets are $0.030 and $0.024.
Looking forward to read your opinion about it.
XDC
C & H on XinFin (XDC)Cup and handle pattern on the long term chart of KUCOIN:XDCUSDT XDCUSD.
Fib levels show a 2025 cycle top price target of at least $0.75 (25x from today's price of $0.035).
If fib level 2.272 is hit, that would put the price of XDCUSD by the end of 2025 at around $3 to $4 (100x from today's price).
Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
XDC - it is now time to get back in !!This investing idea is especially for TRADERMARIANO a long term follower !!
Everytime I was looking into XDC I saw nothing but bearishness during the last 12 months, despite all the steps that this company took to grow its ecosystem !
XDC has broken out of a long term large bullish broadening wedge and has made a text book back test.
50 D moving average looks like it wants to cross the 200 D ....
RSI looks very promising with a recent cross of MA and the lower time frame MA turning up again.
Volume by price is indicating that, once price crosses the 0.031 level things will start to get interesting.
I am very confident about taking a healthy position right now.
Do your own diligence. I am only telling you what I am doing with my own money ! All the best to you out there ... and special thanks to TRADERMARIANO !!!
$XDC that was the lowXDC Been moving rather sideways last couple of months, but now you will see it starting to form and finalize either the rounding bottom or end of the cup for the C&H.
This 2day chart shows the momentum is up on the Stochastic RSI and MACD. Today we saw large volumes come in to push the price up!
XDC. ISO 20022A promising (in limited circles) EVM smart contracts network. Here's what the official website says about it: XinFin Private Network lets any kind of enterprises connect their legacy systems with a Blockchain Network using the XDC Protocol and messaging compatible with ISO20022 standard. This gives enterprises a flexibility to convert the legacy system operation from a Hub-n-spoke single point of failure operation to a distributed or decentralised system. As for the analysis... Last week, the death cross appeared and at the same moment we updated the previous yearly low. The potential downside target is $0.016. But everything can be limited to today's price and having traded the range, we will bounce up.
XDC Networks - Smart Money ConceptsNot looking to how for the markets as a whole but some coins look worse than others. another 97% downside in store for this poor guy, better get out while you can or get ready to DCA onthe ride down.
#xdc #xdcnetworks #xrp #ripple #cryptocurrency #crypto #bitcoin #ethereum
XDC XINFIN Descending Broadening Wedge Bullish Reversal IncomingXDC has been in this long correction consolidation as have most of the other cryptos in this bear market. It seems like XDC has found a bottom or is finding a bottom. This descending broadening wedge pattern that formed after a major bullish run is a great pattern and will result in a nice upside move to start XDC's next run up to possibly $3 on this next run. The descending broadening wedge breakout will result in a measured move of at least $.27 cents. XDC has been gaining alot of popularity lately in the crypto community and I think XDC is going to jump up into the top 10 or 20 very soon. Its fundamentals are amazing as well. Dont sleep on this one guys this is probably the easiest 100x there is in my mind. I show in the chart that XDC top will be around December 2023, I dont know if that is exactly when it will happen, it could be faster or it could be into 2024. Regardless XDC is about to melt faces and Ive been saying that for a long time. I will leave statistics below about how this descending broadening wedge will/should play out, its a direct copy and paste from CENTRALCHARTS.
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
FORMATION OF A DESCENDING BROADENING WEDGE AFTER A PEAK
This type of pattern appears during the correction in a bullish movement, it is a bullish continuation pattern. Resumption of the bullish movement after correction.
The break in the resistance line definitively validates the pattern.
The price objective is given by plotting the wedge’s maximum height onto the breaking point
NB: pullbacks are harmful to the pattern’s performance.
Statistics of the descending broadening wedge after a bullish movement
- In 79% of cases, the exit is bullish.
- In 23% of cases, a descending broadening wedge occurs in a consolidation movement.
- In 81% of cases, the pattern's price objective is achieved when the resistance line is broken.
- In 40% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
uni / busd 1d binance short term bearish, BINANCE:UNIBUSD
rising channel on the 4 hr time frame, short term down side 68% chance of further slippage, tight stop losses always as uni can move fast in either direction, usually a precursor to bitcoin, Long term bullish when it breaks out this long term falling wedge for some big gains. could be couple weeks away judging by the charts.