Ecash coin price has been consolidating above the essential support level of $0.000067 since late January.
Recently, buyers took the support of a half-line of the Bollinger bands indicator and bounced back.
Ecash coin price is trading above the 20-moving average, and today the bulls are trying to close the daily price candle above the 50-day moving average (blue) in the context of the daily price chart. In addition, the remaining moving averages (such as the 100 and 200 MA) are well above the current price.
Stoch RSI is suggesting an ascending triangle formation on the daily price chart. At that time, K is walking on 67-points and D is on 56-points. The indicator still remains above the if half line (50-point). Moreover, the Average Directional Index is at 19-level, which indicates a weak bullish trend for the eCash coin.
It remains to be seen whether the bulls manage to close the daily price candle above the 50-day EMA. Above the 50-MA, the eCash coin may show a sharp recovery as the 50-MA has been a bullish barrier for a long time.
Resistance level- $0.00010 and $0.00020
Support level- $0.000067 and $0.000014
Recently, buyers took the support of a half-line of the Bollinger bands indicator and bounced back.
Ecash coin price is trading above the 20-moving average, and today the bulls are trying to close the daily price candle above the 50-day moving average (blue) in the context of the daily price chart. In addition, the remaining moving averages (such as the 100 and 200 MA) are well above the current price.
Stoch RSI is suggesting an ascending triangle formation on the daily price chart. At that time, K is walking on 67-points and D is on 56-points. The indicator still remains above the if half line (50-point). Moreover, the Average Directional Index is at 19-level, which indicates a weak bullish trend for the eCash coin.
It remains to be seen whether the bulls manage to close the daily price candle above the 50-day EMA. Above the 50-MA, the eCash coin may show a sharp recovery as the 50-MA has been a bullish barrier for a long time.
Resistance level- $0.00010 and $0.00020
Support level- $0.000067 and $0.000014
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.