$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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.