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Ecashsignals

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.
Long
by aalfiann
1
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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
4
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot