Please be advised that this is only an idea, so you are responsible for any losses yourself.
Dear followers,
This is almost to good to be true. One of the coins were I really believe in is ready to make an huge move. In my opinion is this another sleeping giant, and it will awaken soon. I already made a lot of money with this coin and I'm really convinced that I'll made more soon. EMC2 made a huge pullback after it's coinburn. That means that EMC2 made it's all time high when there were more coins in circulation. Besides that, EMC2 has a professional website with a great roadmap and team.
Technically, everything looks fantastic. We are waitiing for a chain reaction of positive signals. The MACD is almost giving a buy signal , this might trigger the RSI to give another buy signal. We will receive this signal when we cross the 50 line. (48 now) We already tested 50ma once and a close above this will probably be followed by a breakout above the blue resistance line. As you know from my previous articles, a close with a daily candle is needed above resistance to look for higer levels. I expect a breakout within 3 days, (max 10 days) For me this trade is very clear, let's see how long it takes before the market sees it.
Buy: Now, after another buy signal or after breakout.
@jelmerr sold out last night at 6150 should I buy it again on dip?
Trades999
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@hasnain2000, I still think that emc2 is a good long-term investment. As you can see we saw an intraday breakout but we closed below resistance. We have to wait for another breakout.
atrusewicz28
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third wave after today drop I see... HODL
Trades999
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@atrusewicz28, Everything is looking fine at the moment, some patience is needed :)
hasnain2000
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@jelmerrr Very good analyze let's see what happens I am holding it from days.