sunnyville
Long

XDN could be looking to break out again

BITTREX:XDNBTC   DigitalNote / Bitcoin
I've been following this coin since a long time It had two massive run-ups in the past two months. It reached the top of @ 0.00000644 on Jan 6th             and it's been retracing since then. I think that the retrace is over and it is looking to break out again. On the 1D chart the STOCHRSI is very bullish and the subtle price increase reflects that; however, a much more interesting indicator is the MACD which appears to be on the verge of crossing over.

On the 4H chart, the STOCHRSI is clearly oversold but might take some time to curve back up, and the MACD isn't telling me much either. So in the short term, I'd say it's a bit uncertain, but if you look at the order book on Bittrex, there is just this massive Buy wall at @ 0.00000247 - so as long as that stays there, I think this is a good time to buy.

I think this coin will go up soon enough, but it is just my opinion. So please invest wisely and do it at your own risk, and remember to not invest more than what you can afford to lose, especially during this time when the market is consolidating.

Cheers and good luck!

Tips:
BTC             - 1FPLEZw1WXK4ojqap3R1KtXxubDsrLps7g
ETH - 0x080cC01b0abA63Bde5cC535d92F0fEd8722b1678
Kommentar: Another short term indicator in the 4H chart is that the STOCHRSI has gone from from 70 to 10 but the price has remained the same. This is a very good indicator, in my opinion, as I see it as the price just "absorbing" all the sell-off during that period and holding strong.
Kommentar: The StochRSI on the 4H chart is curving back up, and the price is oscillating between 247 sat and 254 sat since a LONG time. This is really interesting. The next few hours could tell us if we are ready to move.
Kommentar: The buy wall has now shifted from 247 to 250. Next few hours are very crucial. If the wall holds, we should start to see some large green candles on the 1H chart.
Kommentar: The sell wall appears to have fallen. The short term charts of 1H and 2H have turned bullish, along with the already bullish 4H and 1D charts. All the stars have aligned.
Let's go!
Kommentar: We have been in a Sideways trend since a long time. Price is moving along the @250 sat channel. On the 1D chart the StochRSI is still bullish and the MACD has crossed over. Looking at the indicators I would have expected the price to go up already, but it has remained the same. We will really get to know in a couple of days if this idea is worth it, but in any case, I'll let you know that I have invested only small amount in this trade (as I do with all trades), and if you are following this idea I'd recommend you to do the same. And like I said before, trade wisely and at your own risk.

Cheers.
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