XCNUSDT trade ideas
Xcn short to $0.019Entered xcn short a while ago. Aiming for $0.019
I entered early in anticipation of the break to the downside, wanted to wait for confirmation before sharing. A slight pullback entry would be good to get a 2RR return given all goes well.
Daily tf is currently correcting
Stop and targets on chart
XCN BIG DUMP back to $0.014305Not too long ago I opened this short position on xcn.
Its a big short. Targeting $0.014305
I used my DTT methodology .
Visually you can see the RR on the chart. Roughly 9-10RR from my entry. And I'll likely scale in later on given trade continues to work out.
Time sensitive
I won't bore you with tldr details if you want to learn more about DTT checkout the social and website links available. I'll update trade management below
XCNUSDT trading idea.XCN follow closely an Elliott Wave structure, with a completed Wave 3 peak and a corrective Wave 4 forming within the important zone which serves as buyback zone. Price action suggests a rounded bottom pattern in the making, indicating potential accumulation before Wave 5 targets the major selloff zone.
Trendline support aligns with the secondary demand zone, reinforcing the bullish setup. Resistance levels are marked at key reaction points, with price currently consolidating after a strong impulse.
A sustained move above resistance could confirm the next leg up, while failure may lead to a deeper retracement towards the primary demand zone as shown on the chart.
XCN short to $0.011144I just opened a short position on xcn. I anticipate the market will continue to fall lower. Even lower that my target of $0.0111444
Market is currently attempting to make a new lower low on the 4hr tf and its already bearish on daily and 1hr tf so more timeframe will be in alignment further increasing the odds of this trade working out.
XCN + 333%? X4 IS WAITING FOR IT IF THIS CONFIRMS.Last time Onyxcoin (XCN) had a Bullish divergence on RSI and make a Golden cross. it made a +383% in 5 waves making the 1st wave on the bigger cycle. (152 ds).
Wave 2 a correction ( 152 ds), corrects as Elliot says to the 4th of a minor degree.
And now that the Wave 3 seems to start, we break the descending channel and made a Golden Cross. We have the bull impulse until Feb/Mar 2025.
To confirm this we need the break out on the RSI.
And remember that Wave 3 usually is the strogest of all, we will find out on OCTOBER ;)
Cheers!
XCNUSD 4H Long setup.XCN 4H. Macro retrace to 0.786 and R/S. This setup at this price has lowest risk, SL is very close, if you leverage, good spot buy opportunity with R/R 30. Very safe play can be, By TA, it has to break, retest and then you open long, sometimes price dont retest support for double bottom, just goes vertical, thats a beauty of the altcoins, you never know. This is 200% profit set up. Conservative 5X will give 1000%
ONYXUSDTBased on this wave count and other considerations, we are probably in wave 4 and the areas indicated on the chart are ideal ranges for the bottom of wave 4 and the hunt for wave 5.
Buying spot this currency around $0.011 to $0.0125 seems low-risk and reasonable.
March 5th to 10th is an ideal time zone for the end of wave 4.
Just an analysis that could easily be wrong.