XCH - reversal incomingXCH is finishing complex correction where I am still missing one last dip - just bellow last wick. We are oversold, have bullish divergence and pattern similar to AIOZ. I am expecting reversal and push up to test fibb 0.618 range followed by bigger correction. Higher targets unlocked only once we manage to flip fibb 0.382 S/R range into support.
XCHUSD trade ideas
XCH/USD Analysis: Bearish Momentum Signals Long-Term DowntrendThe XCH/USD trading pair on Crypto.com has been showing significant bearish activity on both daily and weekly charts, indicating a potential long-term downtrend. After reaching a high on March 5, 2024, the pair began a steady decline, eventually hitting a lower high on November 21, 2024, reinforcing the bearish sentiment.
As of now, the price sits at $18.978, reflecting a downward trajectory that aligns with the broader trend. Technical indicators suggest a lack of bullish momentum, with lower highs and lower lows dominating the chart. This pattern hints at a continuation of the current downtrend, barring any unexpected market shifts or external factors.
Given the current market dynamics, a further price decrease seems likely. My prediction places the XCH/USD price at $4.490 by July 3, 2025. This projection is based on the continuation of bearish sentiment and the absence of any significant reversal signals on the daily or weekly timeframes.
Key Levels to Watch
Resistance: The most recent lower high from November 2024 may act as a significant resistance level.
Support: The psychological $10.00 level could provide temporary support before a potential further decline.
Final Thoughts
XCH/USD traders should exercise caution and consider this bearish outlook when planning their trades. As always, staying informed and analyzing multiple sources of data is critical to navigating volatile cryptocurrency markets.
XCH - BUY SETUP (NOV 2023)XCH - BUY SETUP (NOV 2023)
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. Key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.