EMC2 getting ready for rally, considering 19th Dec News
Updated
Hello Everyone,
Here is the analysis on EMC2, it is getting ready for another rally. It was beaten heavily, and now hovering around the support.
The pattern we caught is Descending triangle pattern, yeah I agree chance of pattern success is 50%
But our plan is to buy on Low, so we can safe our capital with less loss in case if it goes otherwise.
Or Buy after break out.
Entry :
1) Buy on breakout : 12000
2) Buy on supports. : 8500
Target :
T1 : 14000
T2 : 19000
Sl
Below the Support , 7000, it is for very very safe side.
Here is the analysis on EMC2, it is getting ready for another rally. It was beaten heavily, and now hovering around the support.
The pattern we caught is Descending triangle pattern, yeah I agree chance of pattern success is 50%
But our plan is to buy on Low, so we can safe our capital with less loss in case if it goes otherwise.
Or Buy after break out.
Entry :
1) Buy on breakout : 12000
2) Buy on supports. : 8500
Target :
T1 : 14000
T2 : 19000
Sl
Below the Support , 7000, it is for very very safe side.
Note
that was quick 20% from the support. Move your stoploss to cost.Note
Look at that candle massive buying.Note
40% from our levels.Note
EMC2 had a massive run. It went on like a rocket and dumped in the same way. Well, Reason could be many who have bought in the top of the last run might have sold it, profit taking or buyers saturated at that level. We can buy here as well, as we are down by 15% from the top.Note
Lot of activity here.Note
Consolidating at $2 before big leap. If notice this coin's pattern is to consolidate and jump.Note
Back in action.Note
BTC up and huge resistance at the Top of the triangle pushed the price to 10200 (Minor Support)In the day, we had range of 10000 ---> 11700, easy 17% . One can watch these levels for range trading.
Note
If you havenot closed for profit, please hold. We are on support. Whoever bought on top (12200) have to wait for few more days.
Please note : Buying in FOMO (fear of missing out ) is dangerous. Its ok to miss the trade. We will have another opportunity.
Note
Lot of activity on this today. 2 more days for the news. Buy the rumours and sell the news.Unless it is excellent news, there is no use to keep this coin. It may take months to recover.
Note
Back to 12000, except a breakout soon for the target 14000. set your sell orders (50%)Note
Price touched 13700 (New Resistance). T1 : 14000 (13700) - Achieved.
T2 : Next Target.
Note
News tomorrow. Activate your targets.Note
It will be a mad rush with in 20 hrs. Hold the horse, Plan your targets.It hard to say that it will touch 19000 at retrace, people may sell at 18000, so watch it and book it.
Note
wow. 1500 sat in no time.Note
Trailing stop loss can help to secure the profits.Currently I have at 14000
Note
Its all a trick. 11 Mins past the said time, no news announced. They are dumping the coins. Cheap trick.Note
emc2.foundation/news/2017/12/19/einsteinium-fork-2-announcement-algorithm-changeNot a news at all.
Note
No more EMC2, call closed. We suggest only safe coins most of the time. This one turned as hype.Hope your capital saved with stoploss. I got out at 14000.
Note
Technically, we can buy around 4200-4300 for a decent return.
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