Fundementals:
Large active communtity
Engaged founder early google engineer
Growing youtube presence
Visibility from engagement with the massive HEX community (just saying... thanks)
Constant developement on multiple chains and ecosystems
Layer 1 in process
First priciples theme
Technicals:
Price is down approximately 85% from swing high
MAJOR decrease in volume indicaing sellers are thinning
Price is at a technical target level for the head and shoulders that formed at the swing high
Current price level is also at the bottom of a large fair value gap
Momentum oscillators double bottomed on daily chart
Price is approaching long time daily trend Line
Trade:
The rebound pumps in this down trend have been trade worthy but fizzle out each time with high volume at the daily down trend line.
This time we are approaching the daily trend line from a much different position indicating xen may be ready to make a serious corner. Applying the average momentum currently targeting 1500-2000% range.
Price is low reducing risk drastically as we approach the lows. Given this is the case dollar cost averaging and simply accumulating for a larger and longer swing position is more than reasonable. Some side ways action or further down side is certainly possible but a brake of the daily trend line may also spark a fast hard move up leaving many behind.
Large active communtity
Engaged founder early google engineer
Growing youtube presence
Visibility from engagement with the massive HEX community (just saying... thanks)
Constant developement on multiple chains and ecosystems
Layer 1 in process
First priciples theme
Technicals:
Price is down approximately 85% from swing high
MAJOR decrease in volume indicaing sellers are thinning
Price is at a technical target level for the head and shoulders that formed at the swing high
Current price level is also at the bottom of a large fair value gap
Momentum oscillators double bottomed on daily chart
Price is approaching long time daily trend Line
Trade:
The rebound pumps in this down trend have been trade worthy but fizzle out each time with high volume at the daily down trend line.
This time we are approaching the daily trend line from a much different position indicating xen may be ready to make a serious corner. Applying the average momentum currently targeting 1500-2000% range.
Price is low reducing risk drastically as we approach the lows. Given this is the case dollar cost averaging and simply accumulating for a larger and longer swing position is more than reasonable. Some side ways action or further down side is certainly possible but a brake of the daily trend line may also spark a fast hard move up leaving many behind.
