EMC2BTC 40% gains on offerEMC2 has been one of the best performing cryptos this year, and despite being locked in a brutal down trend correction for the last 20+ days since it's ATH, appears set to give traders another nice 40%+ pay day.
The crypto has found support on the 0.786 Fib line and just broken above it's closest downtrend resistance line. If this movement holds it has plenty of head room under it's current upper resistance line to revisit the 0.618 level. That down trend line will be tough to break and I don't see it happening on it's first go.
There is also a chance of reversal at the 8000 sat level off a recently broken previous support line so traders will be wise to watch that closely or even set profit target there for around 35% gains.
As always the Alts are highly exposed to movements in BTC which is currently deciding whether to continue it's recent down trend correction at the $14,000 level or rebound. You will be wise to watch for confirmation of BTC's direction before making this trade.
EMC2BTC trade ideas
Emc2 - in triagle and near 2 support linescurrently we are in a triangle on the 4h time range, although it is very low, it has been moving sideways in the last days. When we leave the bottom of the triangle, the next support line is more or less on the 3750sat from which it can bounce back and return to the triangle :) the truth is a positive forecast;) but from the current price (5740sat) we have increases of 270% to ATH
RSI is low so very likely that we will drop to the support line and then we will bounce back
EMC2BTCEMC2 may have found the bottom. TA points strongly to a weakening bearish trend and a reversal to a bullish trend. EMC2BTC is currently resting nicely at the 0.786 Fibonacci retracement and appears to have completed the Elliot wave correction. In addition, the DMI signal is showing a weakening bearish momentum and the RSI shows it as oversold. The resistance level is currently at 0.00006440 BTC. If we see a strong candle break this level, it will confirm a strong uptrend with the target of 0.00008465 BTC
Disclaimer: I am new to TA so take this with a grain of salt. Any additional ideas / suggestions are welcome.
EMC2BTC 40%-250% gains up for grabs!EMC2 has been one of the best performing cryptos this year and looks set to bounce at least 40%.
It's been locked in a brutal down trend since reaching ATHs on Dec 7 and shaved off 70% of it's value. Today it appears to have found support on the 0.786 Fib level of the previous run up and is eyeing a solid 40% gain at the 0.618 line where it will again encounter the down trend resistance line. I expect it to bounce down off that current ceiling before rallying through and on to revisit former highs. As always, the Alt market is highly exposed to fluctuations in BTC which is currently at a decision point of continuing a down trend or rebounding off support. With this in mind it will pay to wait and see what BTC does before committing to this trade.
EMC2BTC Einsteinium. Fibonacci RetracementSo, what I see from this graph, is that EMC2BTC reached 23.6 FIB level and from now on it should go up. Stoch RSI indicator reached lowest oversold level. Also, we had double bottom pattern which indicates possible price bounce. Buy at price 5700-6000 and sell targets 9k, 11k, 14k, 18k. Stop-loss as usual at 5500. Good Luck !
EMC correction end, time to fly away againAs can be seen, the different indicators are all pointing towards the end of the correction of EMC.
We have a divergence on the Elliott Waves Oscillator mening we will have a trend reversal.
We have an oversold RSI.
We have the selling volume slowing down.
Price has found support not only on the 0.382 fib but also on the 200 MA (4H time frame).
And last but not least, we are in the golden buy area zone between .618 and .382 fib
Happy trading!
Einsteinium (EMC2) buy opportunitythere is a possible long position in Einsteinium ,the price could retrace before the breakout,but there is a great chance that the price will just breakout, the perfect buy range could be between 8500 -9000
stop loss should be at 8200
take profit at 12000 to 13500 .
this trade is based of S&R, ichimoku and trend analysis .
don't invest more than 5 % of your portfolio .
do your own analysis before investing .
this is not a trading advice, good luck .
EMC2 <Elliot Wave Analysis> ApproachI took the elliot wave analysis approach to analyzing this coin for future projections. I marked the corresponding points that are consistent with a bullish elliot wave. My thought process is that going into the new year will bring about a new influx of optimism for alt coins in general and emc2 is no exception. They are taking on a very interesting project and I believe it will be very attractive for both institutional and retail investors going into 2018.
I bought my position @0.00007464 BTC just before posting this. Let us see how it plays out.
Comments and criticism are welcome. Best of luck.
Happy trading,
mystic
Beginner Training!*** EMC2-BTC Bittrex Support/ResistanceEMC2 hitting the 8200 support line that it bounced off a couple of times at the start of dec 2017 trend looks like it spikes high in hourly intervals comes down on a slow downward trend hits the 8200 sats line and does it over and over again.
Brought in at 8200 sats
stop loss 10% at 7400 sats
EMC2 fake news or good news?EMC2 news make alot of ppl mad. Yeah but if u wanna earn money u should sell emc2 before news half hour. DONT FORGET the price drops if the expectation occurs!.
NO matter if it good news or bad news.
I think EMC2 news very good for coin future. GPU mining coins almost chosen buy people.
and BTC contract awesome.
My buy point: Under 9100
Take profit 11000- 13000 -17000
FOLLOW is your own risk
good luck
Bless you!