Emercoin
[EMCBTC] EmerCoin LONG [840% PP]EmerCoin is producing good volume. It will have the biggest volume on the weekly chart since January with the exception of April when it hit its all time high on Bittrex.
EMCBTC Targets:
(1) 0.000289
(2) 0.000363
(3) 0.000437
(4) 0.000543
(5) 0.000677
(6) 0.000917
(7) 0.001067
(8) 0.001900 (All time high)
Next support:
(1) 0.000197
(2) 0.000142
(3) 0.000097
Buy in: Break above 0.000215.
Signals & indicators weekly TF:
- Volume building up.
- Strong bounce on the RSI.
- STOCH coming out of oversold.
Daily time frame:
- Bullish hammer candle.
- New TD count.
- Strong bounce RSI oversold.
- Bullish STOCH.
- Huge green volume.
Note:
- It is your own risk when you trade.
Thanks a lot for reading.
Thanks for the support.
Namaste.
EmerCoin VS Bitcoin IndecisionSince 2nd of July, when EmerCoin has reached strong psychological resistance at 50k satoshis high, price has been correcting down. It has reached 78.6% Fibonacci retracement level at 40k satoshis, but up until now failed to close below.
The current spike down, shows that price has bounced off the 88.6% Fibs as well as 200 Moving Average. Therefore, as the price stays above 38.6k satoshis, the uptrend is likely to continue. However, break and close above 43.6k satoshis resistance is required in order to confirm the uptrend.
But on the other hand if EMC/BTC will close below 38.6k satoshis support, further correction down could take place. Price would probably drop towards one of the next Fibonacci support levels. Either 36k, 32k or even down to previous low at 27k satoshis.
EmerCoin VS BitCoin Uptrend ConfirmationToday EmerCoin has tested the low at 35k satoshis where it has rejected the 3/1 Gann Fan trendline. At the same time the 61.8% Fibonacci retracement level has been rejected, and although the EMC/BTC went below it, the closing price stayed above 35970 satoshis Fib support.
Nevertheless, the resistance has been formed at 40k satoshis, that is 38.2% Fibonacci retracement level, where 200 Moving Average was rejected multiple times.
The support and resistance levels are formed and break above or below is required for EMC/BTC to establish further direction. Currently the consolidation could be the case, that will take a number of days.
But it is important to watch for the breakout, either above resistance or below support. Break below the support should result in a continuation of the downtrend, potentially sending price down to 27k satoshis area. And the break above the 40k psychological resistance might be the long waited confirmation of the uptrend.
EMC Live AnalysisHey everyone!
Crypto market turning green, let's find good opportunities to have some good gains. One of such coins is EMC . It's been growing for the last few days, may be it's the beginning of bullish trend.
But is it? Let's take a look at Bollinger Bands. We can see that we are in the narrow channel of BB right now, which means, EMC , is going to have a strong impulse soon. Most likely the impulse will be upwards, as we are in the huge support zone right now.
We are above the 15 EMA, and probably will close today above the 30 EMA. Awesome Oscillator looks good, and I'm going to wait till AO goes above 0 to enter long position.
Honestly, I'm worried about candles' shadows, they are to big, looks like someone is pushing price down. That's why I will better wait till the trend is confirm.
Will keep you updated guys!
Also, I have a good coin with a small marketcap, which can go this year as good as Verge did it back in December 2017.
Let me know in the comments if you are interested in such coin. And follow so you don't miss it.
Remember, don't take risks, wait for the confirmation of trend!
Thank you!
$EMC - Emercoin Daily Chart BittrexI have hopes for Emercoin and we saw a positive breakout back into the bull area, but alas we broke the trend line and the channel only to find resistance against the 200 period moving average. Until this happens, I do not see a valid entry here though I continue to bide my time. Volume again is too low for there to be a break though that can always change. There is a MACD cross but momentum again is very low. I will continue to keep my eyes on this coin and see where we retrace to from this drop. If volume does increase we need to see a close above the 200 period moving average to consider a trade. I continue to wait.
$EMC - Emercoin Daily Chartn A third coin in my long term investment review we have Emercoin. The weekly charts have been bullish for this coin hence why it is on my radar for a longer term accumulation of the token, though as with many coins over the past week or two, we are still in a heavy bearish price correction. Volume overall on the coin has been very low so there has not been much trading done over the last week or so, but there has been some movement on the coin, right now in a heavy bearish trend. There was a possible trend change on the 24th where we bounced from an oversold are but it quickly turned bear once more. the AC oscillator has been silent showing a bunch of false tend change signals and where heading back to an oversold area once more. I hope for a bounce at the last line of support around 31477 SATS. If support holds hear I want to see a break of the current channel to consider an entry. This break has to be solid with a candle close outside of the channel itself.
Emercoin on huge potential, opportunity for 6xBITTREX:EMCBTC requested by one of my friend.
Coin price is in a range, well that is good, we have to enter at the bottom to gain it fully.
My recommendation is buy and buy on dips for 6x target. Buy at 9000.
Will post the targets in some time.
Closer picture
EMC silently creating a good opportunity
Here it is, a good coin with lots of good tech behind it.
Somehow I haven't seen this coin spreading hype or promotion, and still have few points on their roadmap.
Recently the fees has been cut by 99% and the Merged Mining POW algo has been implemented.
And last but not least the TA seems quite interesting.
EmerCoin EMCThey have been very active in their development. I will make a position here. #Fundamentals