XEC eCash Post Halving Swing Trade IdeaWe have already past 4 weeks in corrections BINANCE:XECUSDT #eCash.
The first strong support is at range around $0.000039 - $0.000040.
But be careful, the wick could be down to $0.000036.
It would need several weeks to create double bottom on daily timeframe before it can go up to $0.000062.
When it happened, it will become long sideways before can continue to go higher.
So this idea would be making sense for 1-2 months. I'll update again two months later.
Ecashusdt
Less Than 20 Days Left to eCash ($XEC) HalvingMost Altcoins followed the trajectory set by Bitcoin and this is no exception with eCash ( TSX:XEC ) for the broader market throughout this week, its turning point came up on March 24, when it recorded its second-highest intraday gain of the year, a move largely attributed to traders anticipating the Halving event coming up in not less than 20 days. Miners reward will be reduced by half.
Like the rest of the major altcoins, TSX:XEC also saw a bearish start to the week, before witnessing a recovery on March 20 in an 11.08% gain. However, the cryptocurrency consolidated between March 22 and 23, while the broader market experienced a second round of selloffs.
Amid this consolidation, XEC sternly defended the $0.00005 zone, looking to leverage it for the next run. This plan was successful, as eCash’s price shot up by as much as 26.32% on March 23, allowing the crypto asset to clinch a two-week high of $0.00006919 before seeing a mild correction.
eCash ( TSX:XEC ) has formed a symmetrical triangle pattern as depicted on the charts but traders need to wait for a retest to validate the bullish streak
Despite a 2.48% drop today, eCash has retained most of the gains picked up on March 23. The asset has held up well above the $0.00006 threshold, changing hands at $0.00006305 with a 15.2% gain this week.
$XEC next move UP BINANCE:XECUSDT
Green line at the bottom its a fundamental price
-0.18 and -0.27 levels by FIB is investments zones under fundamental price which we should test around summer 2022
Locally im expect move up to 0.68 level by FIB correction and than drop to the bottom after FRS increasing rates and cut balance events this year.
So dont fall in FOMO
XEC where is the liquidity zone ? BINANCE:XECUSDT
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Possible Targets
➡️At the bottom I mentioned almost 0 interest zone. Where nobody wanna sell or buy this coin.
➡️Marked Interest zone for trade where will be a lot of Limit orders to SELL
➡️No volume on chart. MACD - bullish. RSI - D1 bullish we lay down long time at the bottom, big players accumulate to pump this coin UP and sell it off in liquidity zone.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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BCHA BITCOINCASH ABC XEC ECASH heading for $183 $231 $270BCHA BITCOINCASH ABC XEC ECASH heading for $183 $231 $270
Easy Tgt - $183
Down it can move 141/120 - Avg out both points..
XECUSDT (Bulls are About to Take Over)For the past few weeks, eCASH had been under a serious bearish run!
And in the last few weeks ago I published bullish analysis that was only valid if and only if this bearish structure is invalidated and also I publish another long term overview on eCASH (See all the analysis attached below)!
But a few days ago, we've seen signs that indicate bulls are about to wake up and take eCASH control to the north!
If everything goes as planned then in the coming weeks we might see an intensive bullish run on eCASH!
What do you think? don't forget to leave your views in the comment section below!
XECUSD Long Term Plan To 0.0003+eCASH has been under pressure for some time now, still in the lower time frame structure is bearish (check lower timeframe analysis attached below)! But if bulls managed to take control at least on the lower timeframe then in the long run 0.0003 will be our first destination!
NB: Please check the lower timeframe analysis attached!
XECUSDT (Patiency is KEY)Yesterday I posted an analysis on eCASH with bullish bias but today I want to share the same analysis on the lower timeframe (H4)!
Currently, the market is downtrend with a series of LH's and LL's!
If the price closes above the previous LH then that might be a good indication that bulls are about to take over!
Again patient is key, let's see how this turns up in the coming days!