XO has impressively gone up double in just a couple of months, responding the good news that the company has successfully penetrated the US market for the first time.
The chart seems to be forming a High tight flag pattern. The price although did a break on 3rd of July, until today it has gone sideway instead of continuing the bull run. Considering volatility, I don't see a good contraction here but a noticeable long red candle on 21st June 2023 with massive volume (distribution?).
I gave it a pass this time, and monitored closely...
The chart seems to be forming a High tight flag pattern. The price although did a break on 3rd of July, until today it has gone sideway instead of continuing the bull run. Considering volatility, I don't see a good contraction here but a noticeable long red candle on 21st June 2023 with massive volume (distribution?).
I gave it a pass this time, and monitored closely...