Emc2 has entered the new market cycle, besides TA there were nice publications in Yahoo Finance, also upcoming new releases and big fork-event makes me feel confident that we will see a nice bull run in the not so distant future.
Please always do your own research and recheck all the facts before making any decision! and never risk money that you can't afford...
EMC2 has broken out of it's descending wedge. Notice the 50 day will soon be crossing the 100 day and 200 day moving averages, a bullish sign. I expect accumulation followed by large upward price movement.
Price has broken out of consolidation and looks like it is VERY bullish.
1. MACD strong
2. Above 50EMA
3. Increase in Volume
Lets see how this pans out.
I will take profits in 25% increments
Stop loss 3%
EMC2 has broken out of a period of consolidation.
I am long with a tight stop of 3%
Potential quick trade here of 70 - 100%
1000% + long term if BTC picks up momentum this week. Will be scaling in at orange lines.
Just my 2 cents
Upcoming Hard Forks
EMC2 is going through two hard forks:
First - release of a major security upgrade implementing Komodo’s dPoW Security System.
Second - release of a new GPU mineable coin.
EMC2 Ready to fly
EMC2 is higher risk trade with possibility of breaking trend line towards support zone, nevertheless we believe in 75% within few weeks/month and over 10X profit within 7-12+ month which would be long term.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not...