#XAI/USDT — Descending Triangle: Ready for Takeoff or Breakdow

#XAI

The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards.

We have a trend to stabilize above the 100-period moving average again.

We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it.

We have a key support zone in green that pushed the price higher at 0.0193.

Entry price: 0.0198
First target: 0.0203
Second target: 0.0210
Third target: 0.0220

For risk management, don't forget your stop-loss and capital management.

The stop-loss is below the support zone in green.

Upon reaching the first target, take some profit and then change your stop-loss order to an entry order.

For any questions, please comment.

Thank you.