Bull Flag XCN

A large bull flag has formed after the explosive rise in price for XCN.

There is a little bit of bearish divergence but I’m on the bullish side of this trade. I have a strategy if we break down. If this is going to make another run up I believe it’s about to happen.

Best wishes…

交易進行

Flag broke to the downside next area of support is around .09

註釋

Nice reversal around .096 with a daily candle close over .01

Stochastic RSI oversold on larger timeframes, overbought on the daily.

I think we could see a retest on the recent high just under .16 before the weekly candle close in 24 hr

Should be an interesting day

註釋

Here comes a bullish move…

註釋

My ego may of been too proud. We could be breaking down. Going to test .0096 at the very least possibly mid .008’s…

註釋

Looks to be finding support on the major trend line that has supported this entire bullish move. Also is the key level of a penny. Downside potential is still there but larger timeframes are oversold and ready to start running…

註釋

Ok so I didn’t really expect it to go to that mid .008 area but I dosed off accidentally and asI lay sleeping it played out precisely. I could have had some better orders set but wasn’t planning on snoozing. Regardless you wont find me in regret. Hopefully you caught that 50% swing?

Sheeesh! Like I said we’re up and on track for one interesting day with XCN

註釋

Finding support above .01 on a retest after breaking the downtrend…

註釋

Battling for support at .01 if we are able to get it we will quickly retest .016

註釋

The support held and we are seeing a nice pump

註釋

Woke up early morning and we are about to test the .015 high!

註釋

Next bullish impulse is imminent

註釋

We have been chopping up around .0126 for some time. If you look back to the initial selloff this was an area of strong support. Once this flips I’ll be looking towards .017’s. Patience has been required today.

observingthetrade