XCAD / USDT has bounced off the resistance and takes away energy
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 line, as you can see, the first resistance is $ 4.38, if you can break it, the next resistance will be at $ 5.65 and the next resistance at $ 6.68.
Looking at the CHOP indicator, we can see that in the 1D interval we are starting to recover energy, while the MACD indicator shows an upward trend.
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 line, as you can see, the first resistance is $ 4.38, if you can break it, the next resistance will be at $ 5.65 and the next resistance at $ 6.68.
Looking at the CHOP indicator, we can see that in the 1D interval we are starting to recover energy, while the MACD indicator shows an upward trend.
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