#XAI
We have a bearish channel pattern on a 12-hour frame, within which the price moves and adheres to its limits well.
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher when it is broken
Entry price is 0.6900
The first target is 0.8300
The second goal is 1.06
the third goal is 1.30
I see a nice opportunity on XAI. The support zone is supporting the price and i expect a continuation of the pump till the resistance area at $1.6. Invalidation is below local bottom
XAI is pretty boring right now (compared to the other crypto) and actually reached short term support zone at $1.37. I think the price could touch the black box area before pumping. Target is local top at $1.5
#XAI
The price is moving in a descending channel on a 4-hour frame
The price adheres to the boundaries of that channel beautifully
We are oversold on the MACD
Current price 0.8332
The first target is 0.9482
For the second target 1.0200
The third goal is 1.129
I see exactly what i wanted to see on XAI, maybe this time it's listening to me? It bounced from the support zone i drawed some days ago, and it's approaching a short term trendline. I see some strength on H1 timeframe with a good divergence. I expect the price to break above the trendline and rise at least till 0.9, the first resistance
XAI reached my buy zone and went down as i was expecting (while i was against lot of people that was calling for 3 and screaming i was completely wrong). I expect a bounce here, targeting at least one dollar again.
Plan is still the same for XAI, line over line i am waiting for it to reach the key are i drawed before taking any trade. On lower tf we can see it has formed and broken another trendline, so no reason to enter now
I entered long yesterday and i closed this morning because i wan't liking the setup. I am actually waiting to re-enter if price will reach 0.58 level., considering on lower timeframe a bearish setup. Of course we have not enough data to use usual indicators as confirmation so my analysis in mainly based on trendline and chart SND zone
The chart analysis is self-explanatory.
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Trade with good risk management because the market trend can change so fast. Analysis is based on recent data and valid if the...
