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XECUSDT trade ideas

#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
Long
by CryptoAnalystSignal
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 $0.000062. When it happened, it will become long sideways before can continue to go higher. So this idea would be making sense for 1-2 months. I'll update again two months later.
Long
by aalfiann
1
XEC on a rip but scams abound...Scams are still plentiful. The infamous xecwallet.org is back up and stealing your coin but I noticed a new twist. I use a particular wallet that only allows XEC transfers on the BSC. Happens that I had several XEC contracts on BSC saved on that wallet. One day I noticed one of the balances was 29,000,000 XEC. After some further investigation into the contract, it's a phishing scam. It even says so in the contract name. Apparently if you try to transfer your imaginary balance the contract creator gets your BNB to pay gas fees and your 29,000,000 XEC has disappeared. Trade safe my friends and beware of these wallet phishing scams. They can easily wipe out your entire wallet balance just from comfirming a transaction. DYOR, internet search is your friend. Use it wisely and please don't get burned. If you have any comments or questions about this feel fre to DM me...
by John_Q_Public
Less Than 20 Days Left to eCash ($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.
Long
by DEXWireNews
Analysis of XECUSDT - Buying Opportunity in the Demand ZoneIn the trading world, patience is often the secret to success. After a three-week wait, a buying opportunity seems to be emerging for XECUSDT, in a demand zone or a block order, with a current price of 0.00004571. This opportunity offers an attractive risk-reward ratio of 1:8. Entry Points and Targets: Entry Point: 0.00004571 Stop Loss: 0.00003854 (conditional on a 4-hour candle close) Profit Targets: TP1: 0.00006851 (consideration zone) TP2: 0.00008658 TP3: 0.00010740 Technical Analysis: The decision to enter a long position is based on several technical factors, including the formation of a demand zone or block order at 0.00004571. The stop loss is placed at 0.00003854 to limit losses in case of adverse movement. Profit targets are established based on potential resistance levels, with particular attention to the consideration zone around 0.00006851. Risk Management: Effectively managing risk is crucial in any trading strategy. The 1:8 risk-reward ratio offers significant profit potential compared to the risk incurred. However, it is essential to remain disciplined and closely monitor market conditions, adjusting stop loss and profit levels if necessary. In conclusion, the analysis suggests a promising buying opportunity for XECUSDT, with attractive profit potential compared to risk. However, trading decisions should always be made cautiously and based on thorough market analysis.
Long
by CRYPTO_SETUP
13