XEN has changed trend recently, and is going on a diagonal support toward the up direction.
this coin is moving slow but is moving nonetheless.
levels and trade are shown on the chart
XENUSDT had a nice run but it formed a rising channel which broke to the downside as expected.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed...
XEN is close to the LoW (Low of the Week).
Using the trend-based FIb I've determined the targets for taking proft.
These targets have confluence with Daily and/or Weekly levels of resistance and/or EMA-levels.
- 195: Daily level/ EMA 50-level (closing in)
- 430: trend-based Fib 0.091 level/ EMA 100-level (closing in)
- 800: weekly level
- 1000: HoW (High of...
