We 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...
Most 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...
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
Hello trading friends,
Depending on the study of the TA trend it looks that ECASH ( XEC) looks interesting.
we will follow coming time the trend of it.
Have good day.
@ this is not a trading call - trade only depending on your setups
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...
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...
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!
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...
eCASH has been under pressure for a quite a long time now! But for now, the price is in a major zone! Any sign of reversal/candlestick in the lower timeframe might a good indication for bull run!
