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...
XCAD has formed a Cup and handle pattern which means the price will increase pretty soon. The Price has broken the Resistance above the cup and handle pattern so there is a high chance that it would reach 2,05 right now which is another Resistance and if you pay attention you can see that the Pullback has already happened So It should Start to Pump pretty...
Update on the #XCAD/USDT Scalp Trade:
Currently, the XCAD coin is trading at $1.345 and has surpassed the support level. Moreover, it has exhibited a good bounce from the 0.618 Fib Retracement level. As a result, I anticipate a positive upward movement.
My recommended entry range for this trade is between $1.35-$1.30. The potential targets for the trade are...
using MM , you can identifi an area for buying that is in the previous xcad support range , if you reach the entry area , the first target is 0.5 fibo retracement , if you pass the first target , the second target is the specified range.
Hi, it seems XCAD will have a corrective wave after long impulse.
sell at the diamong area (blue box) on chart
as always, use stoploss to minimize your risk.
Happy Trading
Hello everyone, let's take a look at the XCAD to USDT chart on the 1D interval. As you can see, price is moving above the local uptrend line.
Let's start with the line of support and as you can see the first support that the price is currently based on is $ 3.09, if the support breaks down, the next ones are $ 2.09 and $ 1.30.
Now let's move from the resistance...
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...
Recent outlook:
XCAD has been ranging $5.2 and $8.3 since early November.
The price has hold strong to the uptrending support like (thick green)
Recently bounced from the RSI historic low at around 40
MACD cycles have been diminishing, but recently broke from the downtrend and signal line crossed above showing a bullish signal.
I was not a fan of the RSI-price...
(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
