EMC2BTC trade ideas
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/BTC] LongBITTREX:EMC2BTC
EMC2 broke above 0.0001 Level and become Support.
EMC2 Slow down around 0.000165 - 0.000175 .
After reached all time high level at 0.0002 EMC2 seller come and push price back to support area.
Buyer keep pushing up and continue snap back from 0.00017 to support area again.
Third time pounce back from 0.00017 but squeezed, Show us Buyer standing by.
Slowly approaching support area and bottom of the Range but now buyer showing up.
We can see that both side showing strenght and we may have spike before it take off.
I'm waiting for the test at 0.000095, Mini support at 1H timeframe then I get in.
Main target :
Take profit on top of the range but we may get reaction from supply at 0.000014 area. I may remove apart of my position and move stop to zero. Then Let's see if price can reach top of the range.
Stop-loss :
I Will keep below the support area if we have spike.
I'll continue update my trade