EMC2 new market cycleEMC2 seems to have completed it's old market cycle and retraced to 0.883 fib level from the old move.
Curently it's going kind of sideways and seems to want to retest 0.883 fib. There is a clear support area and a resistance trend.
A new market cycle can start from this.
Some good sell areas are old support and resistance zones but this may head to a new all time high as this new cycle may be the elliot 3 for a larger move.
Einstein
New long entry UBIQ (bullish flag)Bullflag on 4hr chart!
Price found new support at 35Ksat level combined with 250-day MA! (Note: this is very bullish)
Price found resistance at 44Ksat level(with some fib retracement). Breaking above 44-45K will likely result in a new leg up towards the next target in 54-56Ksat range.
Pending buy orders above 44K sat.
Technicals:
- Increasing volume
- Falling wedge reversal (broke out of red line)
- Beautiful symmetry May 2017 (bullrun)
Fundamentels:
- Blockchain company of the year (Canada)
- New exchanges ( Einstein exchange , a large upcoming Canadian exchange)
- Trezor/ Ledger integration
- Tokens swapping over to UBIQ blockchain
- Community tokens airdrop
Main targets:
Short term:
- 0.00037, 00045 (reached)
Longer term:
- 0.00056
- 0.00089
- 0.00126