unknownpower

XCHUSDT - 10x opportunity

Long
KUCOIN:XCHUSDT   Chia Network / Tether
On the weekly chart above:

1) RSI has been heavily oversold for quite some time.

2) Bullish divergence as drawn, RSI forming descending wedge .

3) Price has declined over 90% from ATH.

Also the 3D BTC pair below breaks out of resistance quite decisively and prints a bullish engulfing candle (Also BE candle printed on 1W BTC pair. Wow!)



Initial targets 41-54 USDT (1.5-1.95x) as marked by fib retracement
Timeframe: Weeks
Leverage: 3x at most for me (although with these signals printing the probability of more downside is very slim)

Hasta luego
Comment: RSI breakout, Bullish engulfing on 5D USDT pair
Comment: As of right now, 38.5% up since publishing
Trade active: 62% up and counting... Maybe consider taking profit soon.
Trade closed: target reached:
RSI, Bollinger Bands and resistance found on the MA all point to "take profit". WIll update this idea later for re-entry if I find it fitting. But haven't you made enough profit yet??
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