XENUSDT had a nice run but it formed a rising channel which broke to the downside as expected.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed the diamond and is printing a green reversal candle.
Overall, just a healthy pullback on it's way to the target.
I'm still holding and watching.
Not financial advice.
As it corrected, it respected a new overhead resistance until breaking above and closing above the resistance as it is now acting as a support. This is bullish.
Also, I notice a descending diamond consolidation pattern which is also bullish. Just now it has completed the diamond and is printing a green reversal candle.
Overall, just a healthy pullback on it's way to the target.
I'm still holding and watching.
Not financial advice.
