✴️ eCash Hits Bottom, After Bottom We Get New ATH
Pretty 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.
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.
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