LIVE#XAI could be one of the driving forces for the market to continue to rise, pushing BTC to break out.
This is a completely new look and I am very excited about this interesting discovery. And this is also a very technical analysis.
According to my analysis, XAI will continue to increase and the candlestick will close on the day breaking the peak it just set. XAI rose while most of the market sideway had a small or bearish correction. This could signal that the sideway or correction is almost over or will end quickly once BTC's growth momentum returns. There may be some other code that does the same thing.
What about the core code, the main force of the Crypto-BTC market? There is no doubt that the Bears did not win.
The Bearish trend is over, I emphasize "over".
This can be seen in the sideways trend of the past few days in terms of Volume and position. The daily candlestick closed down but was very weak, and with that the Selling volume was very small, equal to the volume at the low level before the price increase. This shows that the bearish momentum is almost over.
On the H4 chart, a small falling triangle wedge pattern has formed and is about to rebound strongly. The volume of H4 further explains this.
So what motivation does the market need to increase? In my opinion, these are some large codes with strong trading volume growth, which WLD just did (as I predicted the day before the market would grow again according to the code WLD) and today is the code XAI. And the second important thing is to wait for the week candlestick to end at a Doji candlestick level or a small decrease to check the price for the next week's price increase.
