Like I said, the analysis may not totally apply there because the trading activity is young and we did not see a rise like HAL. However, dont forget a lot of coins were sold at 9K I think, in the ICO. Not sure about the price though.
I like XBOT, not trying to FUD, I posted the chart 2 days ago when I sold at 28K, just wanted to warn people. Now its 16K. Hope its the bottom.
thanks, for bringing back this topic. very good call, btw. I am also a trader, with not much experience in crypto, thus my question about application of TA in this area.
Yet it seems most of the coins follow the same scheme in the very early days of adoption. Quick top (or double top (lower high pattern), as we had for XBoT: first 36k, than 35k) and then deep correction and accumulation phase. Now, the question which TA may help, how long the accumulation phase will last? We have solid product already and some interesting news ahead of us, yet many want to get their sub 16k-18k coins.
We had a perfect "H&S Top" chart pattern example a few minutes ago on $LSD Lightspeed.
The pattern is different on XBOT because the head is not higher than the 2 shoulders which make the "top" less official even though it went from 35K to 12K.
However, this HS TOP on $LSD is pure gold, if only I could've shorted it.
) 
