elguillermemo
Long

EMC silently creating a good opportunity

BITTREX:EMCBTC   None
Here it is, a good coin with lots of good tech behind it.
Somehow I haven't seen this coin spreading hype or promotion, and still have few points on their roadmap.
Recently the fees has been cut by 99% and the Merged Mining POW algo has been implemented.
And last but not least the TA seems quite interesting.

Comments

There are 3 reasons why I think, a pump is close:

1) The charts indicate it. Long-term downtrend has been broken for a while now. We are currently consolidating, and that phase could be over at any time.

2) There has been a huge buy wall on bittrex for almost 3 weeks now. Initially it was around 400 BTC. Now it's down to 255 BTC. In other words, it's still massive, although I think it's only 1 buyer.

3) Emercoin is supposed to release an important update very soon. Something about segwit support and smart contracts. I'm not an expert.

Profit targets are kind of tricky here, because of the huge buy wall, this could indicate something big is going to happen. But if we are looking solely on the charts, historically, my first target would be up around 0.00016, which is a roughly 60-70% increase. After which, it definitely is set to go much higher.
+1 Reply
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