Europecoin
EuropeCoin Could Double in ValueEuropeCoin clearly trending upwards as the uptrend trendline is being rejected repeatedly. On the last corrective wave down from $1.35, ERC/USD lost 67%, and the fall was stopped by the uptrend trendline as well as 88.6% Fibonacci retracement level.
After rejecting the support price jumped up to $0.9, gaining over 100% in less than a day. However the descending channel has been rejected and in order for EuropeCoin to prove the uptrend, daily close must be above $0.93 which currently acting as a resistance. Break above should result in a continuation of the uptrend which could send price as high as $1.9, that is a 100% gain from the current price. At the same time, $1.42 resistance level should be watched as the first potential upside target.
On a downside, only a daily break and close below the $0.32 could invalidate bullish outlook.
EuropeCoin VS Bitcoin Buying OpportunityEuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel.
Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume, suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook.
Europe Coin to $4- $5Hi, I believe Europe coin is a very undervalued project. Based on what I have read and their fundamentals (team, business model, purpose, revenue model, idea's ). When I look at crypto their is very few projects that have the chance or will be around in 10 years or so. Europe Coin is one of them. Obviously it' s hard to "predict the future value of a company or coin". Do your own research and you might share my opinion
