XDN nearing the end of dexcending wedge pattern.
A break down through 50 moving average (yellow) will mean that we are going into demand zone (green block). If 50 sma holds, then we will break up out from wedge pattern, resulting into a large bull run.
If we go down below 200 satoshi, buy in green demand zone block. The long term trend line (green) was broken a while back, so ending up in demand zone is likely.
A break down through 50 moving average (yellow) will mean that we are going into demand zone (green block). If 50 sma holds, then we will break up out from wedge pattern, resulting into a large bull run.
If we go down below 200 satoshi, buy in green demand zone block. The long term trend line (green) was broken a while back, so ending up in demand zone is likely.
Comment:
We had a good breakout. Lets see if it holds.
Comment:
As expected, the breakout from the wedge did not hold, and the price is moving into our buy range in the green block. I will first be waiting for a confirmation to buy. At this stage, the price is moving deeper into the block. I am expecting 140-150 to be a good target for now, however that support must hold first.
Comment:
Trade closed: target reached