XEC
XECUSDT Analysis | Layer-1 digital cash networkThe price is approaching key support levels:
1. **0.236 Fibonacci Level (~$0.0366)**: This level may act as immediate support.
2. **200-day MA (~$0.033)**: Positioned just below, providing additional dynamic support if the 0.236 Fib level breaks.
Oscillator Analysis:
- **RSI**: At ~38, indicating bearish momentum and approaching oversold conditions, which could lead to a potential bounce.
- **MACD**: Bearish crossover with a deepening negative histogram, signaling ongoing selling pressure.
- **OBV**: Trending lower, reflecting a decline in accumulation and increased distribution.
Volume Analysis:
Volume bars show a slight increase during the recent downside move, confirming bearish momentum. Watch for a reduction in selling volume near the support levels, which could indicate stabilization or a reversal.
Outlook:
If the **0.236 Fib level** holds, it could act as a springboard for a bounce. However, if broken, the **200-day MA** becomes the critical support to watch. Keep an eye on oscillators for potential oversold signals and volume trends for signs of buyer interest.
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.
XEC sell/short setupWe have a bearish QM on the chart.
The price is approaching a valuable range. We have the overlap of the qm level with a strong OB.
We are looking for sell/short positions in the red range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XEC/USDT NEW INCREASE VOLUMEAfter the main market's downturn, XEC is showing a new rise in volume, which might continue in the upcoming time frames.
This is our first chart update to check if this coin's performance can be confirmed. If it is, we'll provide more updates.
We know XEC can rise with high volume when there is a positive trend.
Not every update will be confirmed and this update is a beta test update before the confirmation.
We will focus on XEC/USDT only after trend confirmation.
5% from here the confirmation could start
#XEC/USDT#XEC
The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it
The price rebounded well from the green support area at the support level 0.00004300, which is a strong level.
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.00004550
The first goal is 0.00004949
The second goal is 0.00005490
The third goal is 0.00006000
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 $0.000062.
When it happened, it will become long sideways before can continue to go higher.
So this idea would be making sense for 1-2 months. I'll update again two months later.
Less Than 20 Days Left to eCash ($XEC) HalvingMost Altcoins followed the trajectory set by Bitcoin and this is no exception with eCash ( TSX:XEC ) for the broader market throughout this week, its turning point came up on March 24, when it recorded its second-highest intraday gain of the year, a move largely attributed to traders anticipating the Halving event coming up in not less than 20 days. Miners reward will be reduced by half.
Like the rest of the major altcoins, TSX:XEC also saw a bearish start to the week, before witnessing a recovery on March 20 in an 11.08% gain. However, the cryptocurrency consolidated between March 22 and 23, while the broader market experienced a second round of selloffs.
Amid this consolidation, XEC sternly defended the $0.00005 zone, looking to leverage it for the next run. This plan was successful, as eCash’s price shot up by as much as 26.32% on March 23, allowing the crypto asset to clinch a two-week high of $0.00006919 before seeing a mild correction.
eCash ( TSX:XEC ) has formed a symmetrical triangle pattern as depicted on the charts but traders need to wait for a retest to validate the bullish streak
Despite a 2.48% drop today, eCash has retained most of the gains picked up on March 23. The asset has held up well above the $0.00006 threshold, changing hands at $0.00006305 with a 15.2% gain this week.
#XEC/USDT Long#XEC
Since April 2022, the price has been moving in a bearish flag pattern that was broken to the upside
Moving Average 100 has been broken
Current price is 0.00003504
First target 0.00004062
Second goal 0.000004797
Which represents 175% of the current price
Please pay attention to the correction areas on the chart
XEC after the pullback is going upXEC after the pullback is going up. The chart is bullish
🔵Entry Zone 0.00004485 - 0.00004320
🔴SL 0.00003750
🟢TP1 0.00004614
🟢TP2 0.00005333
🟢TP3 0.00006589
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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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XEC, re-attempting another UPSIDE move.XEC caught everyone by surprise when it surged 100% from 0.022 area. From thereon, it has corrected quite a bit to midline range at 0.5 FIB LEVEL -- where buyers are interested again.
KEY NOTES.
HISTOGRAM HIGHER LOWS 3H
MIDLINE 0.5 FIB LEVEL BOUNCE
Initial net buying volume on 4H.
Spotted at 0.035
TAYOR
Safeguard capital always.
XEC/USDT - eCash: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the TSX:XEC / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00002747 | 0.00003092 | 0.0000383, and the major support zones can be found at 0.00002009 | 0.00001616 | 0.00000878. Consider entering at the current price zone of 0.00003256 and targeting higher levels.
◰◲ General info :
▣ Name: eCash
▣ Rank: 70
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: eCash is a rebrand of BCHA, the Bitcoin ABC iterated Bitcoin Cash. eCash has taken steps to stay abreast of changing industry standards shifting away from PoW to PoS. eCash maintains contiguity with BCHA blockchain architechture. The rebrand from BCHA to eCash is mainly semantic.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00003256 ₮
▣ 24HVol: 18,617,351.025 ₮
▣ 24H Chng: 44.262%
▣ 7-Days Chng: 27.83%
▣ 1-Month Chng: 27.93%
▣ 3-Months Chng: -0.77%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00002747 | 0.00003092 | 0.0000383
◢ Support: 0.00002009 | 0.00001616 | 0.00000878
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.84
▣ Last 90D: -2.11
▣ Last 1-Y: -0.43
▣ Last 3-Y: -2.64
◲◰ Volatility :
▣ Last 30D: 0.80
▣ Last 90D: 0.57
▣ Last 1-Y: 0.77
▣ Last 3-Y: 3.33
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.45 - Bearish
▣ Reddit sentiment score is 0.30 - Bearish
▣ In-depth XECUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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