XDC USD : BULLISH DIVERGENCE, DESCENDING CHANNEL = BREAKOUT!

11 jun 2022

XDC XINFIN USD Is at the bottom of the descending channel, this I believe is the bottom for XDC. This is a major accumulation zone, and where I am accumulating. There is major bullish divergence on the MACD which indicated to me that a big move is incoming. I believe because we have had 5 or 6 touches in the channel that this channel is pretty much done and the breakout is coming now after this low of 3.5 cents. We may have one more wick down to 3 cents but I believe this correction is over and the breakout is coming, and the breakout is to the upside which I am verifying with the bullish Divergence on the MACD. Without this bullish divergence then it would be 50/50 to breakout out eh downside or the upside, but because of the bullish divergence on the MACD i am almost certain that this will bust out to the upside. This is a great area to accumulate in my opinion. This is not financial or trading advice this is just my opinion. if you find this content useful then please leave a like, comment, and follow me for more analysis and updates. Thank you