Having another look after the small returns from last time.
So fundamentally I'm still interested despite not having as much correspondence with the devs as I'd like. On September 18th the first alpha is launching which will give us a good look at the functionality they have, as well as giving some good exposure to the project. This could translate into some...
Going to wait a bit to confirm but if its an actual breakout then .075 would be my min target
Didn't draw it in but theres a mini wave starting from the 19th till now which would bounce up to my target
Feeling short term bearish on this with the oversold RSI and unchanging volume but if the trend breaks down here I'd expect it to hit that 10k level as the next major support
Long term I'm bullish on this though, the project seems solid and the idea of a digital identity system will definitely gain some traction in a real world application
XZC looks like its making another inverse h&s, compounded with the nice support level this looks like a nice area to buy in with potential for some 2x or 3x profits
Scenario 1: Chart hits support level at double bottom, stoch rsi at oversold could trigger another leg up
Scenario 2: Descending triangle signals chart to break support and fall ~2x
Will wait until clear pattern before executing
End goal is rather ambitious, but with private alpha release coming soon could trigger an upswing
