$XEC 🚀🚀🚀. Looking BULLISH!? 🚀
There are some signals of a bullish reversal in motion here...
The green cup and handle is abnormal from a traditional cup and handle pattern. I say this because of the depth of the retracement of the handle.
Regardless, it is a clear falling wedge breakout to the upside.
Falling wedges break out to the upside 68% of the time.
On the breakout, we can see an orange inverse head and shoulder reversal pattern. These patterns signal a possible end to a downtrend.
Hidden inside the inverse head and shoulder pattern is a smaller pink cup and handle pattern. These are all bullish signals.
$XEC Targets
1) $0.00003266
2) $0.00003665
3) $0.00005302
$XEC could be looking at a 112% move in the near future.
NFA, DYOR ⚠️