This correction in the market has been a pretty nasty one shaking out the weak hands so big money can get in as low as possible for the next major run up. With the new Omicron Variant things took a tumble in all markets, similar to that of when the delta variant and the beginning of the "demic" happened. These are obviously market manipulators and as you can see the volume is running out on the sellers end. This is a healthy correction especially how XDC had moved up exponentially in the last year or so. Nothing can go straight up there needs to be some re-accumulation and consolidation at some point. We are nearing that end now and buyers should be returning to the market pretty soon.
The divergence indicator I am using shows there is multiple divergences that are showing a clear sign of a reverse in trend and another big run to the upside. If you compare to the other times this many divergences happened you can see that we had a nice move up. Also the RSI has a fresh curl to the upside and the stochs are crossing over and a buy signal was printed. XDC has a super strong chart unlike many other crapcoins that went straight up out of hype and now they are going straight down. These corrections are needed and will continue to happen so don't get scared when you see stuff like this, this is the time to buy, when everyone else is selling!
This is not trading or financial advice this is just my opinion and what I see. If you have any questions or if you appreciate this idea then leave a comment. Follow me for frequent updates and if you have a coin or chart you would like me to look at then let me know. Thank you!
The divergence indicator I am using shows there is multiple divergences that are showing a clear sign of a reverse in trend and another big run to the upside. If you compare to the other times this many divergences happened you can see that we had a nice move up. Also the RSI has a fresh curl to the upside and the stochs are crossing over and a buy signal was printed. XDC has a super strong chart unlike many other crapcoins that went straight up out of hype and now they are going straight down. These corrections are needed and will continue to happen so don't get scared when you see stuff like this, this is the time to buy, when everyone else is selling!
This is not trading or financial advice this is just my opinion and what I see. If you have any questions or if you appreciate this idea then leave a comment. Follow me for frequent updates and if you have a coin or chart you would like me to look at then let me know. Thank you!