Long
EMC2 Post pump, possible continuation.
Last night's unexpected pump left EMC2 trading above 61.8 fib, continuation level;
Several probe wicks into 61.8 where rejected and eaten up.
I entered this trade just now, hoping for a continuation.
Chart appears to be at a volatile level, with Bollinger Bands tightening on the 30min time frame.
2hour chart shows all candles closing above red OBV chart; hence Bullish.
Yesterday's pump showed massive bullish wicks, and volume on bittrex is at 1700
OBV showing reduced selling/distribution.
I'm in and long; tell me if I'm wrong.
Several probe wicks into 61.8 where rejected and eaten up.
I entered this trade just now, hoping for a continuation.
Chart appears to be at a volatile level, with Bollinger Bands tightening on the 30min time frame.
2hour chart shows all candles closing above red OBV chart; hence Bullish.
Yesterday's pump showed massive bullish wicks, and volume on bittrex is at 1700
OBV showing reduced selling/distribution.
I'm in and long; tell me if I'm wrong.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.