XHV recently had a break out back into it's down trend and has now back tested the break out on the price action and the RSI simultaneously. XHV broke out and met the Gaussian channel as resistance. Holding this line and breaking through the gaussian channel is what we will be looking for next. The RSI in this moment should break through the 50 to confirm. The move at that point should come fairly quick to the top of the channel @ around $2.00. This move should turn the Gaussian channel green from red, this move is very positive.
Keep in mind this process should repeat on the top of the channel as well after it breaks through later down the road.
For a long term outlook I have added the silver price in line form. Why? as we can see it has met it as resistance on three occasions in the previous bull run. So, a break above the silver price point will be considered very bullish. The target I have is at aprox $94 at the top of the bull run.
Please remember no price points are guaranteed. Always take profits when they are there.
XHV is a privacy coin that has a few developments planned for the future. One of the big ones is the Bifrost with (RUNE) thorchain, another great project.
I'll leave the research to you, here is a link to the webpage.
havenprotocol.org
kind regards
WeAreSat0shi
Have a blessed 2023!
Keep in mind this process should repeat on the top of the channel as well after it breaks through later down the road.
For a long term outlook I have added the silver price in line form. Why? as we can see it has met it as resistance on three occasions in the previous bull run. So, a break above the silver price point will be considered very bullish. The target I have is at aprox $94 at the top of the bull run.
Please remember no price points are guaranteed. Always take profits when they are there.
XHV is a privacy coin that has a few developments planned for the future. One of the big ones is the Bifrost with (RUNE) thorchain, another great project.
I'll leave the research to you, here is a link to the webpage.
havenprotocol.org
kind regards
WeAreSat0shi
Have a blessed 2023!
Comment:
$1.50 next target.
Comment:
New buy signal just printed! Target still in play.
Comment:
XHV has broken its bottom support at 32.5 cents. It would really need to close this week above it to remain bullish in anyway. Other wise risk of going lower is higher.
Comment:
32.8 cents is key for XHV. It needs to recapture this price point if it's to gain any momentum .
Comment:
The 33 cent level is still the life line for XHV, but it's getting farther away now. It tried a few times now to break through this 33 cent level but got rejected every time. HXV is either dying or it has a lot of restructuring to do. The Kucoin delisting while under the resistance of 33 cents really hurt it.
Comment:
The bad news is the weekly RSI has made new lows. The worse news is, it can go much lower still. It is very risky.
Comment:
Possible rally could be starting with XHV as it looks like it has sorted out it's problems and likely bottomed. 33 cents still remains a very important level and if it rallies there, expect fairly strong resistance.
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