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$XEC Adam & Eve Double Bottom ๐
$XEC broke the long term downtrend a while back. Since then it been in a strong accumulation zone.
We can see a nearing 1D Money Printer Formation.
The money printer formation happens after a retracement to the downside.
Notice how all the moving averages besides the yellow 200MA gather tightly with price action?
While the yellow 200MA is gapped above!?
Normally the algorithm will push price action up to fill the gap between price action and the yellow 200MA.
NFA, DYOR โ ๏ธ
#Crypto #Trading #BTC