eCash (XEC)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.
XECUSD trade ideas
Xec ready⬆️⬆️⬆️Its time brothers!!! Ready is going to be massive , imminent!!!!
This is not an advice dyorrr
Enjoyyy
Stay strong and share this huge project💪
XECUSD: This rise may be a trap.XECUSD turned bullish on the 1D technical outlook (RSI = 59.865, MACD = 0.000, ADX = 22.430) as it is having the strongest 1D candle since June 30th. By doing so it hit both the 1D MA50 and MA200.
However the long term pattern remains a Channel Down since more than a year and that can only change it the Rectangle that has emerged since January, prevails. We can't know that yet but we do know that the 0.618 Fibonacci level inside the Channel has been the most common buy entry since June 2022. Consequently we are untouched by today's rise and will wait for that buy opportunity lower.
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✴️ eCash Update After The Breakout, What Now?Here we have XECUSD, eCash, and I just want to share my opinion as to what I think will happen next.
It is easy to find a bottom/low/support;
It is easy to wait for a reversal but once the action is ongoing it is hard to know what happens next... So, what now?
The low happened 9-June, after a small recovery, rejection at EMA100 then a one day candle pushing prices high up above EMA300.
After such a move, we can expect a correction that's for sure.
EMA100 (blue line) is where the initial rejection happened so this level can be tested as support before the resumption of the bullish move, this matches 0.5 Fib. retracement, this is one way to look at it.
Another way to look at this is through the volume profile.
The volume was huge for the breakup but low on the correction, I had to use other charts for the volume because there is none here. You can confirm this by looking at other charts or take my word for it.
Now, how far down before going up again?
That's the hard part and let me tell you something... I don't know and I don't care.
It is likely to resume growing either right away after the 0.382 Fib. retracement support is tested or the 0.5 Fib. mentioned above.
If things get ugly, the 0.618 level is also there but the bottom line is this, the bigger picture is up!
Namaste.
XEC, re-attempting another UPSIDE move.XEC caught everyone by surprise when it surged 100% from 0.022 area. From thereon, it has corrected quite a bit to midline range at 0.5 FIB LEVEL -- where buyers are interested again.
KEY NOTES.
HISTOGRAM HIGHER LOWS 3H
MIDLINE 0.5 FIB LEVEL BOUNCE
Initial net buying volume on 4H.
Spotted at 0.035
TAYOR
Safeguard capital always.
XECUSD: Hit the 1W MA50 for the first time in its history.XECUSD is testing the 1W MA50 for the first time since its inception, being on the second huge bullish 1W candle in a row. The neutral 1W technicals (RSI = 52.991, MACD = 0.000, ADX = 45.264) indicate that there is significant upside potential left on this move but in order to confirm it, the 1W candle needs to close over the MA50.
Surprisingly, this is where R1 is (0.0000335000), so we will use that break out to buy and target the R2 (TP = 0.0000445000). Take into account the Fibonacci retracement levels as well that can be potential Resistances.
With regards to the 1W RSI, it flashes a huge Bullish Deivergence as it is trading inside a Channel Up since December 26th 2022, the most oversold it has been in history.
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✴️ eCash Hits Bottom, After Bottom We Get New ATHPretty interesting to look at eCash (XECUSD) using this index as it shows two strongly revealing and interesting sessions in the past weeks.
One happened 25-May, notice the huge long lower wick.
All the stops activated, sellers exhausted for sure.
Fast forward to present day and we have an even lower wick, yet the current session is trading GREEN.
Imagine the strong signal that goes out once this day is closed.
Also notice the bullish divergence with the RSI, all pointing up.
This pair might have bottomed and after we hit bottom, it is time to go up!
Namaste.
XEC Will be going long for the a very long timeIf you look on the chart you will see we are about to break out
if breakout occurs,we can have long positionif breakout occurs,we can have long position. should wait till breakout.
