EMC2 Short Term
Updated
Possible falling wedge on the 15 min.
Keep an eye on the pattern.
Break down of wedge support will lead to further decrease.
Break to the upside will test other short term resistance spots indicated by each subsequent arrow point.
Coin burn coming soon which implicates further increase until then.
MacD and RSI looking good, but that means nothing if bitcoin doesn't chill.
Trade procedure:
Enter now or break and retest of top of resistance wedge.
Target 1: 14800-15400 sat.
Target 2: 17300 sat.
Sell in proportions because it could retest recent highs.
Stop loss: 11800 sat.
Goodluck!
Keep an eye on the pattern.
Break down of wedge support will lead to further decrease.
Break to the upside will test other short term resistance spots indicated by each subsequent arrow point.
Coin burn coming soon which implicates further increase until then.
MacD and RSI looking good, but that means nothing if bitcoin doesn't chill.
Trade procedure:
Enter now or break and retest of top of resistance wedge.
Target 1: 14800-15400 sat.
Target 2: 17300 sat.
Sell in proportions because it could retest recent highs.
Stop loss: 11800 sat.
Goodluck!
Note
Important to note that EMC2 seems to be following btc's trend at this time.
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