XDCUSD
is bullish and has broken out of daily blue downtrend line. We have multiple buy signals. Steps to take:
- Buy at lower support line OR break of upper resistance line with full open/close candle above
- If you already hold XDC you can consider selling at .0739 resistance area if it creates short term rejection OR multiple sell signals
Comment:
XDC played out exactly as we expected. Possibility now of a rejection at .105 area. If we don't break and hold above this resistance XDC likely retraces back to .074 area for a retest of the breakout.
Comment:
For those holding long, what you want to see is a break of this current .105 resistance and a retest to turn that area into new support OR a retest of the .074 support and continued move up. Either scenario will be considered bullish continuation.