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Hey friends this is a and welcome to the new update on X as in my earlier video I was showing you that xai has broken out a symmetrical triangle and this was my last video and now if we take a look at the live chart then you can see that on
This 4our time frame chart after the breakout from the symmetrical triangle it has rallied very well you can see that we had a very powerful rally and it has also form this up Channel as well and here we had a fake out but the price L tested this quite long-term support of
94.3 7 cents that had been previously breaking as a support here resistance here and resistance here and now again it worked as a very nice support B it here was also breaking as a support and here as a resistance as well and reentered the same of Channel right now
We have broken out this quite longterm uh resistance of uh $124 and now it is about to uh break the resistance you can see it is making a powerful attempt to break out this resistance of the up Channel and in today’s video we will analyze this move
And I would also like to share with you my most recent trade signal for XI that I shared few days ago on 1 of Fab 2024 with my members and so far this move has produced almost 58% very very massive pump but before starting this annalysis
If you are not subscribed to my channel then do subscribe it and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing different trading signal for you and you can find the link to join me there in
The videos description I’ve sh let’s start analysis and first of all let me to begin with my most recent trade signal for X xai that it formed on a 4-Hour time frame chart with us do pair and I shared this idea on first of f uh 2024 with my
Members and now if I play this chart and you can see that the price started a very nice reversal from this buying on uh here it moved slightly down then this potential reversals on but it covered back pretty soon and then we had almost 58% pump and if it would like to cast
Such other pumps before they happen then you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing such trading signal for you on the daily basis and I’ve already shared the links to join me there in the video’s description you can
Find now let me to take you to the live chart of xai and this is the uh 4our time frame chart previously you can see it was moving inside the this uh falling wedge pattern and we broke it out but got St inside in another uh symmetrical
Triangle and you can see that after getting squeezed inside this triangle finally we broke out the resistance and rallied very well if I place this measurement tool from this low when we were testing the support of the wedge here up till this High then you can see
That so far it has ried more than 92.8% and right now you can see it it’s trying to break out uh this this long-term resistance up uh up channel that was by the way previously broken down here this up channel was broken down but that was a fake out and the
Price and after testing this quite long-term support of 94.3 sents we enter the same up Channel and now it is trying to break out the resistance of this channel the target for this previous breakout from this veg was here at the top of the veg approximately at $120
Cents and you can see that the price and has ried beyond that Target uh now let me to show you the target for the expected breakout uh from this up Channel if the price and will be able to break it out from here then an imminent pump can be possible approximately up to
$155 so this was the update so far I hope that you have liked the analysis then do hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support me as a YouTube member or as a patreon member because there I’m sharing
Different trading signals for you and you can find a link to join me there in the video description I’ve shared take care goodbye