XCN has just tested the 1.618 Fibonacci level and we're seeing a golden bullish divergence on the 12-hour time frame. We did experience a bit of a fakeout dip, but I suspect that's due to low liquidity causing some delays in order fills. My long fill was a bit delayed so that’s why I’m saying this. As long as it doesn't dip below the wick, I'm feeling pretty bullish about this one.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.