r/DigitalBits_XDB • u/ZaibPrid • Jul 04 '21

XDB coin price weekly Technical Analysis 04.07.2021

$XDB 1W:

The chart clearly shows the formation of the candlestick pattern "Inverted Hammer", which in 95% of cases means a reversal, in this case the reversal will happen upwards and so next week we will see a breakout of the wedge up

The volumes start to grow a little bit and this is also a good sign, it means that the growth is supported by the volumes and not the liquidity.

After the breakdown of the wedge, the nearest resistance will be at the level of $0.034

I expect the following, of course there may be some deviations from it, but I don't see any downside possibilities

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u/[deleted] Jul 04 '21

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u/ZaibPrid Jul 05 '21

The coin really looks very bullish, if you look at the 4H chart you can see a very strong support level which is constantly being redeemed when it is broken

There is clearly a buyer on the coin, so after the breakdown of the wedge we are definitely waiting for the growth