ECASH - XEC/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	XECUSD
ISIN:

ECASH - XEC/USD - Daily - Technical analysis published on 04/21/2022 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 0.000088 USD

My targets

0.000102 USD (+8.51%)

0.000107 USD (+13.83%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ECASH - XEC/USD as long as the price remains well above 0.000088 USD. The buyers' bullish objective is set at 0.000102 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.000107 USD. If there is any crossing, the next objective would be the resistance located at 0.000116 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The ECASH - XEC/USD price is 0.000094 USD. The price has increased by +3.30% since the last closing with the lowest point at 0.000090 USD and the highest point at 0.000101 USD. The deviation from the price is +4.44% for the low point and -6.93% for the high point.

0.000090

0.000101

0.000094

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this ECASH - XEC/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000073	0.000080	0.000088	0.000094	0.000102	0.000107	0.000116
Change (%)	-22.34%	-14.89%	-6.38%	-	+8.51%	+13.83%	+23.40%
Change	-0.000021	-0.000014	-0.000006	-	+0.000008	+0.000013	+0.000022
Level	Minor	Minor	Intermediate	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000085	0.000087	0.000089	0.000091	0.000093	0.000095	0.000097
Camarilla	0.000090	0.000090	0.000091	0.000091	0.000091	0.000092	0.000092
Woodie	0.000085	0.000087	0.000089	0.000091	0.000093	0.000095	0.000097
Fibonacci	0.000087	0.000089	0.000090	0.000091	0.000093	0.000094	0.000095

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000061	0.000072	0.000082	0.000093	0.000103	0.000114	0.000124
Camarilla	0.000087	0.000089	0.000091	0.000093	0.000095	0.000097	0.000099
Woodie	0.000062	0.000072	0.000083	0.000093	0.000104	0.000114	0.000125
Fibonacci	0.000072	0.000080	0.000085	0.000093	0.000101	0.000106	0.000114

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000020	0.000039	0.000063	0.000082	0.000106	0.000125	0.000149
Camarilla	0.000076	0.000080	0.000084	0.000088	0.000092	0.000096	0.000100
Woodie	0.000024	0.000040	0.000067	0.000083	0.000110	0.000126	0.000153
Fibonacci	0.000039	0.000055	0.000065	0.000082	0.000098	0.000108	0.000125

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.95
MACD (12,26,9):	0.0000
Directional Movement:	5.030094
AROON (14):	-14.285715
DEMA (21):	0.000095
Parabolic SAR (0,02-0,02-0,2):	0.000116
Elder Ray (13):	0.000003
Super Trend (3,10):	0.000076
Zig ZAG (10):	0.000097
VORTEX (21):	1.0158
Stochastique (14,3,5):	48.00
TEMA (21):	0.000092
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	-0.000001
Repulse (5,40,3):	5.0912
ROCnROLL:	1
TRIX (15,9):	0.2829
Courbe Coppock:	16.07

MA7:	0.000092
MA20:	0.000097
MA50:	0.000087
MA100:	0.000084
MAexp7:	0.000093
MAexp20:	0.000093
MAexp50:	0.000090
MAexp100:	0.000090
Price / MA7:	+2.17%
Price / MA20:	-3.09%
Price / MA50:	+8.05%
Price / MA100:	+11.90%
Price / MAexp7:	+1.08%
Price / MAexp20:	+1.08%
Price / MAexp50:	+4.44%
Price / MAexp100:	+4.44%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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