💰 I'm buying eCash (XEC)!
Weekly situation of XEC - After experiencing a period of correction, I have good reasons to believe that the correction is over with:
👉 a price that is once again showing ascending troughs and peaks with the close beyond $0.000033
👉 a break of the bearish trendline
👉 a rejection on the moving averages (EMA13/MA30), but a preservation of the last trough at $0.000025
👉 a stochastic in the oversold zone. The last times the indicator was in this zone, there were excellent opportunities (yellow squares)
Entry - Targets:
🔍 I find that XEC is in a good location, and my invalidation will be a close below the last trough at $0.000025. I will aim for the last three peaks at $0.000044, $0.000055 and $0.000085.
👀 I will only keep a small part for the last TP in case of bullish volatility.
PS: If you like this kind of technical analysis, let me know by putting reactions below ⬇️
⚠️ DYOR
