Hello everyone!
I have been watching XCAD since the beginning of the reversal movement after the last 3 month price drop.
At the moment the asset is in the zone of semi-annual trading in the same area there is an important global Fibo level of 0.236 which is now a support level for the price as well as EMA 200.
And at the same time there is a global descending...
Bullish Scenario: On a higher time frame, such as the daily(D), XCAD has broken the bearish downtrend line. It is now trading above the $3.6 support zone. If it remains above this zone and the $5.0 resistance level is broken, we could witness a move towards $5.6, $6.4, and much higher.
Bearish Scenario: We’re witnessing some early indicators of bullish momentum,...
XCAD Network Initial Coin Offering was somewhere around May 2021.
So I'm certain this chart is showing XCAD from the very beginning.
It started with a 5 wave Leading Diagonal with subwaves 3-3-3-3-3 to complete a Supercycle Wave 1.
And then it retraces to form Wave 2, a Zigzag pattern as I checked on the Daily timeframe.
Trading volume also shows some spike...
(long term trade)
based on my TA, on the weekly TF, XCAD looks bullish, the third wave is too sharp so it might correct to $6.35 - $6.8
I would look to enter around these 2 levels.
SL: $6.05
TP1:$8.2
TP2:$9.4
TP3:$11.2
TP4:$13.5
