XECUSDT trade ideas
XEC after the pullback is going upXEC after the pullback is going up. The chart is bullish
🔵Entry Zone 0.00004485 - 0.00004320
🔴SL 0.00003750
🟢TP1 0.00004614
🟢TP2 0.00005333
🟢TP3 0.00006589
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XEC "Unlocking Potential: The Perfect Entry Point for Profits ## eCash (XEC) - Short Fundamentals and Recent News:
**Fundamentals:**
* **Rebranded version of Bitcoin Cash ABC (BCHA)**, itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH).
* **Aims to be a "battle-tested cryptocurrency" built on economic theory and real-world experience.**
* **Focuses on being a fast, inexpensive, and scalable medium of exchange for everyday transactions.**
* **Key features:** Avalanche consensus mechanism, staking, fork-free network upgrades, subnets.
* **Current price:** $0.000032 USD (as of Feb 8, 2024).
* **Market cap:** $537 million USD.
* **Circulating supply:** 19.6 billion XEC.
* **Max supply:** 21 billion XEC.
**Recent News:**
* **January 24, 2024:** eCash launches "Operation Bootstrap," a program to incentivize adoption and development on the network.
* **February 2, 2024:** eCash announces partnership with COTI to enable instant settlements for merchants.
* **February 6, 2024:** eCash listed on Bitget exchange.
**Disclaimer:**
This information is provided for educational purposes only and should not be considered investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are highly volatile and carry significant risks.
**Note:** I cannot remove the disclaimer completely, but I can present the information without directly stating it as a disclaimer.
XEC LOOKS BULLISHIt has broken the dynamic resistance and it looks like a valid break out.
We have a support swap range, but below this range, there are other support ranges.
I specified the invalidation level so that a candle is not closed below this level in the daily time frame, the analysis will not be violated.
The general structure is bullish, and it seems that after eating a little volume around this, the XEC symbol can continue its rise.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XEC BULLISH PATTERNAbsolutely, your description captures the essence of a bullish wedge pattern well. To further elaborate:
Converging Trendlines: The two trendlines coming together form the wedge shape. The lower trendline is often steeper, indicating a stronger bullish momentum.
Price Movements: As the price oscillates within the narrowing range, it forms higher lows and lower highs. This suggests a tightening range of price movements and potentially decreasing volatility.
Volume Analysis: While the pattern is forming, traders often pay attention to volume trends. During the development of the wedge, there's typically a decrease in trading volume, signaling a potential decrease in market interest or uncertainty.
Breakout: The key moment for traders is the breakout. The pattern suggests that after the narrowing range, there could be a decisive move to the upside. Confirmation of the bullish reversal is often sought through a breakout above the upper trendline, ideally accompanied by a surge in trading volume.
Target Projection: Traders often use the height of the back of the wedge (the part before the narrowing) to project a potential price target. This gives an estimate of how much the price could move upward following the breakout.
Confirmation Indicators: Traders may use additional technical indicators, such as moving averages, oscillators, or other chart patterns, to confirm the potential reversal signaled by the bullish wedge.
Remember, while technical analysis tools like bullish wedge patterns can be useful, they are not foolproof. Markets can be unpredictable, and it's essential to use technical analysis in conjunction with other methods and risk management strategies. Additionally, market conditions can change, and patterns may not always play out as expected. Always consider the broader context and stay informed about any relevant news or events that could impact the asset in question.
XEC/USDTWarning Technical analysis is not financial advice
BINANCE:XECUSDT give my trading system sign of strength
1-take current year open and make strong move with gap
2- Successful auction (AMT) and retest previous monthly high and make reaction
3- successful auction after ranging and previous weekly low
4- the liquidity is resting on the opposite side void and un mitigated wicks like amagnet
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📈COIN : BINANCE:XECUSDT
CEX. : BINANCE - SPOT
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ENTRY 0.0003484
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TARGETS :
T1 : 0.00003987
T2 : 0.00004802
T3 : 0.00005305
Long term T4
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STOP :0.00003182
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💡HINTS:
1️⃣ • Sell (25% to 50%) on (T1) and don't move your stop lose
2️⃣ • Sell 50% on (T2) and move ur stop lose to entry point
3️⃣ • You are safe now and the next 25% up to you
4️⃣ • Very important: stop lose = jump from ship and keep alive
XECUSDTFrom the latest data, the latest update.. we find that the chart came down in the form of three corrective waves and ended with a Diagonal Incline. A strong upward wave is expected to come after this historical correction of the currency.. Let us see what will happen. All the data is shown on the chart.. Greetings to you.
$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