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XYOXYOXYO
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XYO

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XYOUSD trade ideas

Make or Break territory…Again, XYO is within a descending triangle, and the bobbing movement we have been seeing recently upon the 0.786 has been quite different from the way it has behaved on each fib above when it subsequently toppled down lower. XYO is nearing making its mind up whether it wants to go down from this level or begin making its way back up. The different behavior I have seen is giving me more of a bullish bias for this bounce, but anything is possible. If we do go any lower I believe $0.023 to $0.025 will be the maximal low before it begins going back up. So far, XYO has formed—at least on the BTC chart because it provides enough price data—two descending triangles prior to this that broke to the upside, and given the current bullish climate of crypto as a whole I believe—despite the crazy drops we’ve had recently—it will break to the upside once again.
COINBASE:XYOUSDLong
by Elijah144
2
Things could get jumpy We could very well be forming a double bottom on the 0.786 within the two descending patterns. I will be linking as related a BTC idea I published, which speaks about BTC beginning the run to it’s 4th bull top soon. XYO is a viable altcoin with strong fundamentals, and, like many other coins, will be following along with the upward stride of BTC soon. I definitely see ten cents pushing all the way up to a max of around twenty-seven cents, but given the nature of what BTC is about to do, going way higher than what I’ve mentioned could very well be possible for XYO. As always, it is entirely possible for it to plummet, but the market really just doesn’t seem to feel that way to me. I also must mention again that the XYO/BTC chart is forming a multiple year long double bottom that I find quite intriguing.
COINBASE:XYOUSDLong
by Elijah144
XYO seems to like triangles, probably due to the icosahedron We broke upwards through the first descending triangle on the 0.618 level, then broke downwards through the 0.618 in the second descending triangle; we are now watching the third, and given that there’s pretty much thin air underneath where we are currently consolidating, I don’t see this thing breaking down too much farther… if anything, then around the $0.028 price range. We are currently testing the 0.786 level, which this crypto seems to have a history with, but similar to the 0.618 we bounced upwards from the 0.786, just not as bullishly—at least right now. I have two separate descending triangles to give some variance and wiggle room for uncertainty. I find the BTC chart for this coin to be quite interesting because it is creating a massive “W” double bottom, and I mean massive. This crypto started right as BTC entered the most recent bear market, and it literally only went down until it had a small spike very early on during BTC’s current bull cycle, then it dropped again when BTC rose from about $10k to $60k. Now we are here after this crazy run and I don’t believe we will be going too substantially low any longer, although anything is possible. In my opinion, I believe this crypto is about to make a new ATH, not only because of the phenomenonal use case here, but because BTC and the whole crypto market are about to take off and any and all viable alt coins will be following. This is a viable alt coin, perhaps the most viable use case alt coin there is. This crypto is creating a geo spatial “mesh” framework around the globe with the goal of providing an oracle, or proof of origin/location. And why is the icosahedron XYO’s logo? Look into Plato and his Platonic solids… it’s mind blowing.
COINBASE:XYOUSDLong
by Elijah144
3
Perhaps, we have something brewing We’ve nicely broken upwards out of the descending triangle; we should be looking for this to continue behaving quite bullishly. After looking at and comparing fib levels throughout the various charts available, I believe a solid price range of $0.10 to $0.15 is viable for the mid to high range, but for the low $0.08. This uptrend seems to have a bullish sweet spot within the ranges of the 2.272 and 3.272 fib levels, so technically could we hit $0.23, or at least wick to it, perhaps, but I believe settling on the $0.10 to $0.15 range is the most reasonable suggestion. This crypto has a relatively low market cap and it has a phenomenal use case. Within the XYO project—which stands for X, Y—meaning coordinates—and “O” for oracle; the goal is to create a mesh network around the globe via the validation of geo spatial data. This provides proof of location and eerily precise potentials of tracking. For example, let’s say you lost your package in shipping, and if the XYO network is utilized by said business, that package will never be lost because you can use the geo spatial mesh network to track it down. In simple, this will allow for a huge advancement in location tracking services… quite revolutionary for GPS and the business scene as a whole, and is one of a kind within the crypto scene. The project also has plans to expand to Mars eventually, but, nonetheless, this crypto has a very, very bright future, and, with this recent Coinbase listing, will be getting much deserved attention because you just about didn’t hear anything on this crypto prior to.
COINBASE:XYOUSDLong
by Elijah144
5