XEC - in the footsteps of smart money...
Next chart with nice, possible accumulation. For me, it is very probable that this market will show gargantuan, bull breakout. So, let's go deeper. Chart shows analysis corresponding for Wyckoff method complemented by VSA elements.
The biggest volume belongs, in my opinion, to Upthrust Action element but not the biggest one is number one. The most important candle and volume is sequent bar. For me, he shows bag holding VSA pattern. This is place where smart money accumulated a lot of XEC's. This is a reason for non-spring market structure - gentle C-phase test and retest.
As I said, this market structure is good looking. So, I'll attentively observe this coin.
The biggest volume belongs, in my opinion, to Upthrust Action element but not the biggest one is number one. The most important candle and volume is sequent bar. For me, he shows bag holding VSA pattern. This is place where smart money accumulated a lot of XEC's. This is a reason for non-spring market structure - gentle C-phase test and retest.
As I said, this market structure is good looking. So, I'll attentively observe this coin.
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