eCash (XEC)
Updated
At first, it was called Bitcoin Cash ABC (BCHA), which was a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). Then rebranded to eCash (XEC). Maybe the eponym similarity to Bitcoin Cash is causing this token to become popular and thus rise upward. Let's see what happens.
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So, it seems that XEC wants to continue the current upward wave. The first resistance on it's a way is a horizontal area that if XEC passes through it, continuation can be expected. Let's see what happens.
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Let's see if XEC can break this triangular corrective pattern.
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Finally, XEC broke the descending triangular pattern; and with momentum.
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So, it seems a big ascending triangle pattern is formed and XEC is still oscillating in it. Let's see when XEC breaks this triangle upward.
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So, XEC is trying to break the triangle pattern upward; if successful, next upward phase start. Let's see what happens.
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So, XEC broke the triangle pattern upward and then pumped up. XEC's upward wave seems strong, let's see how high it can go.
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So, after XEC broke the triangle pattern, it went up, and then made a pullback on the triangle. Now it seems XEC on its way up again toward the next horizontal resistance area. Let's see what happens.
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So, even tough XEC broke above the second horizontal resistance area, twice, but didn't have enough momentum to continue; thus made a pullback on the first one to gain momentum. Let's see what happens.
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