EMC2BTC
EMC2/BTC Displaying stability. Bullish breakout detected.EMC2/BTC After volatile price movements earlier this morning showed signs of slowing momentum but strong sustained growth. Strong support detected at 10,500 sats, strong buy points detected at 10,800 sats. Weak resistance detected at 11,000 sats. Bullish breakout detected as of 1:08 eastern time and in time for the day trade sesstion.
EMC2/BTC Ready for bullish breakout on the day.EMC2/BTC Ready for a bullish break out on the day after above par performance and volatility flirting with extreme highs/lows. EMC2 showing strong support at 10,000 SATs and weak resistance at 11,500 SATs. A sustained bullish breakout is to be expected. strong buy points at 10,500 SATs as of 2:07AM eastern time and in time for the daytrade session.
EMC2 Get Ready! HARD FORK, COIN BURN & MIND-BLOWING ANNOUNCEMENTWhat's Going on Guys, I got an EMC2 update for you all:
If you were one of the lucky ones to get in November and held your EMC2 coins you certainly would be feeling that 10x High (actually 40x with your initial investment considering the BTC rise). EMC2 showed a very strong upward trend during all the volatility recently and I believe it has serious potential to rally toward the previous target of 22,500sats. Taking a look at the chart we can see that after reaching ATH the dumps were picked up very quickly on the support lines I've marked in bright green. This to me signals a correction to the previous trend line which sat around the 0.618 Fib.
My Trade Idea:
BUY: Now or at 13,000sats
Target 1: 16,300sats
Target 2: 18,100sats.
Target 3: On your own!
SELL: 25% proportions as it could go further.
Stop loss: 11500 sats.
IMO this is a pretty good hype considering the potentiality of the news on Dec 17th and also that the history has shown EMC2 continues to beat expectations. Should there be some unexpectations in the market then it may drop around the 12,000sats.
FIRST CHART here so please do share your thoughts below, and I will be happy to reply! My aim is to post SHORT charts that have huge potential ahead while keeping the analysis simple and direct. Don't forget to Like and consider a Follow :)
PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice!
SOURCE:
www.emc2.foundation
coinmarketcal.com
twitter.com
Namaste!
EMC2/BTCThis is the same chart as I posted earlier today but with support levels drawn. Right now EMC2 is sitting at a big support level (9000 Satoshi). If it holds, my target remains unchanged.
Previous:
EMC2 Small Wave Before MoonEMC2 has been downed for some time for last week due to Bitcoin instability. That downtrend is over now and we are looking at 80% temporary rise before we will see a higher jump this month.
Buy Position for EMC2with confirmation of MACD and Moving Averages Crosses on 1H and 2H time frames
Entry After 1H candle closed above Resistance 0.00009207
Stop loss 2H Closed candle under Support 0.00008467
Targets:
0.00010418
0.00012204
0.00014535
Good luck
EMC2BTC Descending TriangleEMC2BTC Descending Triangle
(1) At the bottom of Hurst cycle inners - which normally
means movement upwards is expected, if it breaks top inner (cyan) and
especially if it breaks resistance line (top blue)
we should expect it to keep pumping up. (see yellow line
for previous top inner break).
(2) Starting to consolidate at bottom of descending triangle.
(3) Low RSI (hopefully goes a bit closer to 30!)
(4) MACD tightening (see orange line - this happened for
yellow line too!)
EMC2 Upward Pattern Expected - Be ReadyWe expect EMC2 to rise over 22,500 within 72 Hours as we get closer and closer to the hard fork. I would also like to remind you that 50% of EMC2 coins are scheduled to be burnt which naturally will increase price in an upward trend.
We also have anticipation of news which are set to be released on December 19, 2017 which will just hit up this market even higher.
Target 1 - over 22,500
Target 2 - over 30,000
MAX Target for December is 50,000
UPDATE: EMC2 Rise Begins - WATCH CLOSELYWe couldn't miss a quick EMC2 update for you guys:
We noticed a strong upward trend recently as Bitcoin's rise has slowly halted. EMC2 has a true potential to get to our previously selected target zone of 22,500 (+-2,500) with Hard Ford less then 48 Hours away.
Watch for any sudden movements as BTC might spoil our party!
Share your thoughts below, we will be happy to reply! Feel free to look over our previous longer term analysis until Dec 20
NOTE: trade with caution and only invest what you can afford to loose as cryptocurrency is highly unpredictable
EMC2 on symmetric triangle, Buy on SupportHello Friends,
Our favourite coin BITTREX:EMC2USD is on support. I would buy here with strict sl for the target of ATH (all time high)
why EMC2 ?
1) Hard Fork in next 10 hrs
2) Surprise news on 19th (rumours are that involvement of Apple)
3) Their roadmap is also good.
What is the exit signal?
The Decisive break below the support.
What else to consider?
Bitcoin is in the correction phase. when Bitcoin goes up, it is the king :) So watch your alt coins vs BTC.
what is the pattern we are trading?
The descending triangle pattern.
2 things in it, 1) Continuation means support fails to hold.
2) Bullish breakout.
More here :
stockcharts.com
www.investopedia.com
Please post your thoughts.