#XAI
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bounce from the lower boundary of the descending channel, which is support at 0.0448.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We have a trend of consolidation above the 100 moving average.
Entry price: 0.0466
First target: 0.0477
Second target: 0.0493
Third target: 0.0514
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bounce from the lower boundary of the descending channel, which is support at 0.0448.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We have a trend of consolidation above the 100 moving average.
Entry price: 0.0466
First target: 0.0477
Second target: 0.0493
Third target: 0.0514
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.