XDN Has been showing support and resistance at 10 SATS
3 times it wicked above 10 but could not close above
3 times it was rejected at 10 sats
We tested 10 SATS 4th time and the next weekly candle blasted through it.
We are now trying to flip 10 SATS from resistance to support
This will be week two of rejection, if we can close above 10 SATS this week and next we should have a HUGE run up!
RSI is looking OK, you'll see in 2017 we had a similar test and pullback.
Accumulation/Distribution is going up and price dropping, that's a very bullish sign, it typically means price is due to catch up.
3 times it wicked above 10 but could not close above
3 times it was rejected at 10 sats
We tested 10 SATS 4th time and the next weekly candle blasted through it.
We are now trying to flip 10 SATS from resistance to support
This will be week two of rejection, if we can close above 10 SATS this week and next we should have a HUGE run up!
RSI is looking OK, you'll see in 2017 we had a similar test and pullback.
Accumulation/Distribution is going up and price dropping, that's a very bullish sign, it typically means price is due to catch up.
Comment:
Really nice movement off 8 sats. Now looking to flip 11 to support.