usually after each impulsive wave it will be followed by a correction then after, most likely, followed by an impulsive wave. so most likely we might see a nice price rise from the recent levels targeting probably, as a minimum, the upper line near 0.0005+ $.
price going back down below the red line with two days close might weaken this idea.
HMm .. Lots of going crypto world cause of tax involvement. since XEC shares same mechanism as BTC i believe there lot potential in this . after long period of accumulation it has give impulse and retrace to fib level 618 .. let enjoy the ride
XECUSDT (ECASH) Daily timeframe range. there are not much of solid data behind this chart as its fairly new listed with very generic price action. that tells not much of retail interest like other alt's and that explain the slow bleeding till the lower zones. going down from listing number never a good rep. price #discovery messes things up. but hey there is a...
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