EMC2BTCAfter a strong bullish run, EMC found resistance. The bearish move from A to B found support and the retracement from B to C passed fib level 0.618 confirming a possible ABCD pattern at play. The expectation is that before the hardfork on Dec 11th, the CD leg touch the 1.272 fib level thereby presenting a possible buy opportunity. Lets see if this moons once more :)
EMC2BTC
EMC2 Short Term 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!
emc2 will be in range bound before next moveBITTREX:EMC2USD Hats off.
wow, that was amazing run. $1000 invested a month back would have turned to $40000, 40x with BTC growth.
Price will consolidate between 1.80 - 2.4 for sometime (generally 4-5 days as per the previous pattern), then it should fly again. My target would be open one :)
EMC2 New Trade (100% Potential)New buy set up available for EMC2.
Open trade: 0.000093
Stop: 0.000075
Target:
(1) 0.00012
(2) 0.00018
Trade carefully.
Invest only what you can afford to lose.
And remember, YOU DESERVE THE BEST!
Hold EMC2i dont care about FA or upcoming " mind blowing" news. Just look at this pattern , its called "three white soldier" pattern (you can google it)
so what its "three white soldier" ?
its new trend (bullish), after some downtrend or consolidation , and each of that green candle must bigger than previous one.
Of course on that new bullish trend will be there " shake out" (sudden pump and dump) . Its part of whale game , they always didnt like "weak hand"
tip : always put stop loss : for me stop loss on the bottom of that last candle
Flag Pole pattern on EMC2, 100% Target ?BITTREX:EMC2USD is consolidating after the big run and forming Flag pole
Target is 100% on the breakout.
Previous Analysis :
More on Flag Pole :
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Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require evidence of a sharp advance or decline on heavy volume. These moves usually occur on heavy volume and can contain gaps. This move usually represents the first leg of a significant advance or decline and the flag/pennant is merely a pause.
Flagpole: The flagpole is the distance from the first resistance or support break to the high or low of the flag/pennant. The sharp advance (or decline) that forms the flagpole should break a trend line or resistance/support level. A line extending up from this break to the high of the flag/pennant forms the flagpole.
Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction highs and reaction lows, the price action just needs to be contained within two parallel trend lines.
Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.
Break: For a bullish flag or pennant, a break above resistance signals that the previous advance has resumed. For a bearish flag or pennant, a break below support signals that the previous decline has resumed.
Volume: Volume should be heavy during the advance or decline that forms the flagpole. Heavy volume provides legitimacy for the sudden and sharp move that creates the flagpole. An expansion of volume on the resistance (support) break lends credence to the validity of the formation and the likelihood of continuation.
Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.
EMC2/BTC - Outlook for DecemberEMC2 hit our previous target. Buyback at either ~6700, 6200 or 5600 Satoshi. Next target around 12000 Satoshi.
Previous analysis:
ReloadingThis chart is textbook Elliot Wave. We have currently just finished wave 3 of a larger timeframe which also completed wave (v) of a shorter fractal wave. I am looking at a .38 retracement to complete a wave 4 which will then go on upward to wave 5.
Remember retracement waves such as 2 usually take an a b c... pattern down as seen in the chart for waves 1 to 2. And rememeber that impulse waves usually take an i - v path... as seen in my chart from wave 2 to 3.
So I expect an abc type wave to get us down to 4 and a i-v wave to get us up to 5. Remember money management and stop losses. TA is a probability game and who knows what will happen between now and the end of this trade.
what do you all think,
Peace
EMC2 Trade OpportunityAscending triangle trade opportunity, watch for breakout of top resistance for entry.
If bounces from uptrending support again, would add a little more to positions.
Einsteinium EMC2BTC - Going nuclearThe cold war period of consolidation has started. Prepare for up to a week of consolidation, look for low entry points. Enter with 5% and buy-back or add to position upon bullish confirmation 5%.
Fundamentals:
hfcountdown.emc2.foundation
Accumulation flat but repeating pattern, MACD/S.RSI signal swingWe've seen a lot out of this one already but I'm expecting more. EMC2 is showing a lot of strength, establishing new levels of support with each jump skyward. Assuming the trend holds, I could see a jump well over $1 in as little as 2-4 hours and as much as 8. If we regress then a new chart is needed.
EMC2/BTC - Outlook for the next weekI think this might be a good time to buy some EMC2. My target is the 1.618 fib. extension from the previous pump (9036 sat.). If we break the support line (which is very close) things may look very different.
such fibonacci (also: I don't do this stuff often so I'm not responsible if you lose money when following this analysis)
EMC2 + 485.12% IN 8 DAYS AND THEIR POSSIBLE TARGETS
Everything is in the chart.
Any questions, it will be a pleasure to try to answer them.
EMC2 Bull flag ready for another run?Wait for the trend to break resistance, we can expect another 100% run
Looking for a Buy OpportunityPotential buy opportunity for EMC2/BTC as it returns to its original trend channel. Keep an eye out for this movement, and we should see nice gains if EMC2 can establish a change in trend. Could also see a nice triangle bull pattern.
Happy Trading!
Einsteinium EMC2 in strong support areaFirstly short definition of Ichimoku. This is perfect strategie for strong trending markets as Crypto markets. Its Trend Follower and buy signals are after breakout of the cloud (Kumo) or bounce of Kumo or Kijun (slower Ichimoku line).
Stop Loss i below last low (Im not opening any shorts on such stron bullish market - golden rule is - when you see stron bullish trend buy or do nothing. If you see stron bearish market - sell or do nothing).
Lots of emotions on Einsteinum. It has made 1000% from 0,06 USD on beginning of this month to 0,6USD. Yesterday correction has started and now its almost 50% of last up-wave so its support for price.
Next support is Kijun Ichimoku line and also some Price Action support. Price now getting back to bullish trend and if this 4-hour candle will close around this price it will be bullish Pin Bar so 3rd buy signal. Worth watching!
