Xen Showing Signs of Life
Its been a while....along while but xen is finally starting to show some signs of life. Momentum on the larger cap coins is starting to roll over to the upside and while it may not drive prices to higher highs SHOULD at least bring a relief rally.
During this time other lower cap alt coins will most likely follow suit. Xen has been hammered since its rally but is now showing some signs of life. The real question is how long did the average person mint and at what point will the majority decide ok its time to hold for higher prices.
This a 4 hour chart and we can see clear bullish diveregence on the the wave trend and money flow oscillators. Money flow and wave trend are trending higher as the price has been trending lower. Now just as price is putting in a higher low we are starting to trend sideways braking a long running down trend.
Nearest support / resistance flip is approximately 13% higher than the current price and may be a sticking point depending on how far some of the larger projects run.
Trade Well.....
During this time other lower cap alt coins will most likely follow suit. Xen has been hammered since its rally but is now showing some signs of life. The real question is how long did the average person mint and at what point will the majority decide ok its time to hold for higher prices.
This a 4 hour chart and we can see clear bullish diveregence on the the wave trend and money flow oscillators. Money flow and wave trend are trending higher as the price has been trending lower. Now just as price is putting in a higher low we are starting to trend sideways braking a long running down trend.
Nearest support / resistance flip is approximately 13% higher than the current price and may be a sticking point depending on how far some of the larger projects run.
Trade Well.....
