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TradingShot
Aug 29, 2023 9:40 AM

XDCUSD Near the best buy signal provided by the MACD.Β 

XDC NetworkCRYPTO

Description

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The XDC Network (XDCUSD) is having a strong 1D green candle breaking again above the 1D MA50 (blue trend-line) after holding the 1W MA100 (yellow trend-line). The trend is more effectively displayed by the Fibonacci Channel where it appears that every Higher High is +0.5 Fib more than the previous.

If the 1D LMACD forms a Bullish Cross (which is close to completing), it will be the best buy entry on a 3 month basis. In that case we will buy and target 0.14000, which is within the 1.5 and 2.0 Fibonacci extensions.

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Comments
SwallowPremium
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Amazing job, keep posting mate!
LegionQ8
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Agreed with your opinion, it's more than possible
WalterMoon
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Noted, thank you!
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