eCash (XEC)At first, it was called Bitcoin Cash ABC (BCHA), which was a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). Then rebranded to eCash (XEC). Maybe the eponym similarity to Bitcoin Cash is causing this token to become popular and thus rise upward. Let's see what happens.
Ecash
XEC eCash Post Halving Swing Trade IdeaWe 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 to go higher.
So this idea would be making sense for 1-2 months. I'll update again two months later.
XECUSDT Bullish signalECASH / XECUSDT is trading inside a Channel Down in the past 18 months.
The price just crossed over the Falling Resistance, that when broken on prior bearish legs, it started a huge parabolic rally.
Buy and target 0.00003950.
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XECUSD: This rise may be a trap.XECUSD turned bullish on the 1D technical outlook (RSI = 59.865, MACD = 0.000, ADX = 22.430) as it is having the strongest 1D candle since June 30th. By doing so it hit both the 1D MA50 and MA200.
However the long term pattern remains a Channel Down since more than a year and that can only change it the Rectangle that has emerged since January, prevails. We can't know that yet but we do know that the 0.618 Fibonacci level inside the Channel has been the most common buy entry since June 2022. Consequently we are untouched by today's rise and will wait for that buy opportunity lower.
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✴️ eCash Hits Bottom, After Bottom We Get New ATHPretty 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.
eCash | XEC is going against the grain, possible short!?eCash | XEC is going against the grain, possible short!?
XEC is a weird one and a little risky as its going against the general market but it seems to be sharing a lot of bearish signals with a key break out of the pattern and bearish divergence
| Bearish Signal
| Break down from pattern
| Rejected from 20 Daily EMA
| Filled Weekly Pivot and rejected
| Last Key Support
| Bearish Divergence & Rejection from Resistance
| Break down on CVD
| Key Support is still in play so be careful
XECUSD Approaching the 1W MA50 for the first time in historyEcash (XECUSD) broke today above the 1D MA200 (orange trend-line) for the first time since October 08 2022 and is about to hit the 1W MA50 (red trend-line) for the first time in its history!
This is a major Resistance cluster and with the 1D MACD in similar extremely overbought levels as the April 02 High, we expect a pull-back and retest of the 1D MA200 as a support, in similar manner as the 1D MA50 (blue trend-line) was tested on January 17.
You see how well the Fibonacci Channel extensions fit the price action of XEC and as a result our next target is on the 2.5 Fib at 0.000059.
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XEC eCash will hit 40XEC eCash having potential to hit 40. Price already inside the green area of fibonacci, but there is a bearish FVG on 0.00003995.
Pivot area for $XEC - Best MomentSince june 2022, there is two strong demand of XEC, which is on price range:
1. 0.000034 - 0.000037
2. 0.000038 - 0.000040
Today we've meet again this price, so I call this best moment (maybe the last moment before bull run start).
If you see the chart, we can set order book to buy at yellow line. But the worst scenario target is XEC will hit 0.000024.
If you have plan to DCA, management money is important to survive in this bearish market.
Signal
Buy: 0.000034 / 0.000033
Sell: 0.000046
Stoploss: 0.000031
eCash (XEC) & Coming Bullish Wave
thanks for coming and viewing my chart....below is the explanation:
as normal price cycle >> 5 waves up then a deep correction (current) then usually always to follow with 5 waves up (future) again looking after a new ATH as shown in the chart
break under the historical level might invalid it.
Not FA n good luck
XECUSDT Levels to trade upon break-outsEcash (XECUSDT) got rejected on the 1D MA200 (orange trend-line) on Sunday and it about to test the 1D MA50 (blue trend-line) as a Support again. The pattern resembles the April 02 rejection. On that fractal, when the 1D MA50 broke, the price tested the Higher Lows trend-line. When that broke as well, a strong sell-off took place.
This is the framework to trade and is based on the break-outs (to be more exact candle closings) above or below these levels. A closing above the 1D MA200 would be the first for the year and will largely put the token in a new Bull Phase, targeting initially the 1W MA50 (red trend-line). A break below the 1.0 Fibonacci trend-line, practically extends the Bear Cycle.
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ECASH : XEC 30% PROFIT PLAN ( BREAKOUT ALERT)ECASH : XEC 30% PROFIT PLAN ( BREAKOUT ALERT)
Have high possibility to get into new breakout.
Between 10% - 30% Target
( its expecting target means not that there is a guarantee it will happen.
This is not finance advice.
And know the risk of trading in all ways.
eCash XEC bearish sentiment September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
eCash XEC is a cypto with a negative overall sentiment recently.
I have the following price targets:
XEC /USDT short
Entry Range: $0.00004500 - 0.00004950
Price Target 1: $0.00004100
Price Target 2: $0.00003750
Price Target 3: $0.0.00003325
Stop Loss: $0.00005190
eCash (XEC) - July 7Hello?
Nice to meet you, traders.
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(XECUSDT 1D Chart)
The key is whether it can be raised to the 0.0000 6606 to 0.00008300 section and supported.
Prior to this, you should ensure that you are supported in sections 0.0000 3844 to 0.0000 4309 and can rise above 0.0000 4677.
If it is supported above 0.0000 4677, it is expected to lead to further increases.
Primary resistance: 0.0000 5408
Secondary resistance: 0.00006606
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** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.
(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)
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eCash vs Tether (Low Risk + Higher Potential Rewards)We are looking at the 3D chart for XECUSDT (eCash).
This is a low risk setup.
We can see a nice 170% profits potential mid-term.
Where a stop-loss can be set at around 23%...
You get a good R/R ratio on this one.
This is not financial advice.
Additional details on the chart.
Namaste.