XDC about to flip major resistanceXDC is one of the few altcoins that is showing strength while BTC is consolidating at it's weekly demand zone.
Also a trend reversal has started with local higher highs en higher lows that have been formed. A higher low play could be what you are looking for, but wouldn't be my setup of choice since the major resistance level hasn't been gained yet. Also the last high in the downtrend, which is a retest of this major level after losing it, hasn't been gained. So I would like to see a clear higher high above the major resistance to flip it and the look for an entry!
XDCUSDT trade ideas
XDC 2023 & 2028 possible priceusing a pitchfork along with an ascending channel. I am basing this ascending channel off of the first three points of contact at beginning of this channel along with a touch at the resistance top of ascending channel. We dipped below this ascending channel and in order for this channel to be respected, we will have to come back inside the channel. The Pitchfork is a good indicator of possible future price action. As you can see I have two price points at end of 2022 given we make contact at top of the channel $0.99 or top of Pitchfork $1.69. In 2028, which could be the next Bitcoin peak possibly over $1 million could bring the XDC price either at $346 if we respect the top of this ascending channel or a whopping $3,711 price at top of the Pitchfork.
[Update] XDC / USDT Symmetric triangle and bullish channel DailyHey investisor,
XDC / USDT is in a symmetrical triangle with a breakout of the confirmed horizontal resistance zone and in blue, and the test of its horizontal resistance zone in yellow.
Great possibility to give up the yellow diagonal resistance to finally breakout the figure and get out of this downtrend.
In order to reach the top of the bullish channel and by the required objective between corrections will take place but in the background trend it remains bullish.
See if the news is favorable at this time to validate the price increase.
This is not an investment but a recommendation for use
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XDCUsdt good position for buyXDC good position for buy no on bottom channel adn with watch reaction prize too top and middle this channel we can understand this is good channel
now close too bottom on channel can be move up to middle and top
and can good profit for you but remember you can little patient opctober is good and bullish market continue so can got profit soon but better patient buy for months not days
GL
EntryPoint:
0.1154
Supports:
0.1064
0.0983
0.0875
Resistance:
0.1235
0.1275
Targets:
0.1421
0.1592
0.1875
0.2098
0.2578
For mid time
0.3354
0.3842
0.4678
GL