EMC2 seems to have completed it's old market cycle and retraced to 0.883 fib level from the old move.
Curently it's going kind of sideways and seems to want to retest 0.883 fib. There is a clear support area and a resistance trend.
A new market cycle can start from this.
Some good sell areas are old support and resistance zones but this may head to a new all...
Bullflag on 4hr chart!
Price found new support at 35Ksat level combined with 250-day MA! (Note: this is very bullish)
Price found resistance at 44Ksat level(with some fib retracement). Breaking above 44-45K will likely result in a new leg up towards the next target in 54-56Ksat range.
Pending buy orders above 44K sat.
Technicals:
- Increasing volume...
