Ecash
XECUSDT (Patiency is KEY)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 up in the coming days!
XECUSD (eCASH) - Is it READY?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!
eCash (XEC) - September 21Hello?
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(XECUSDT 1D Chart)
If the price declines from the 0.00021488 point, it is likely to turn into a short-term downtrend, so trade cautiously.
In order to turn into an uptrend, the price should be maintained at 0.00021488-0.00035476.
The uptrend line (1) is an important uptrend line on the current chart.
Also, I think that the 0.00013397-0.00016558 section is divided into a mid- to long-term uptrend and a downtrend.
Therefore, even if it declines from the 0.00021488 point, it is expected that the uptrend will continue if it finds support in the 0.00013397-0.00016558 range and rises.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
XEC (eCash) with impressive gains ! $0.01 by 11/2021? With nearly 35% gains in the past week, it managed to eliminate a zero from its price in the last 24 hours alone ! currently sitting at $0.0001263 and increasing.
Previously known as Bitcoin Cash ABC (BCHA), it has rebranded to eCash (XEC) and has redenominated to a 1:1000000 ratio.
Let’s see where this goes, and hope for a $0.01 break in the coming months, or weeks :)
