Review of #XCH on 4h timeframe:
The price is in the correction phase after an impulsive rise. Current support is located around 13.50 - 14.00$. Strong resistance at 16.50 - 17.50$ where a reaction is expected.
🗣 Bearish scenario:
If price fails to hold above 15.00$, a pullback is possible to the 13.00$ - 12.50$ area where strong liquidity is located. With a reaction from 16.50$ and confirmation of a break down, I expect a move to 12$!
🗣 Bullish scenario:
On a return above 15.50$, we can expect a break of 16.50$ with a target at 18.50$ - 19.00$. It is important to consolidate above 17.50$ for upside!
I bought the coin on spot, it stands well against the market and shows good growth, as you can see the chart is significantly different from the other coins!
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| ☝️ @WISE PUMPS | 🟠 #Binance |#MarketPullback