Wait for the trend to break resistance, we can expect another 100% run
Does the line break out?
Potential buy opportunity for EMC2/BTC as it returns to its original trend channel. Keep an eye out for this movement, and we should see nice gains if EMC2 can establish a change in trend. Could also see a nice triangle bull pattern. Happy Trading!
Firstly short definition of Ichimoku. This is perfect strategie for strong trending markets as Crypto markets. Its Trend Follower and buy signals are after breakout of the cloud (Kumo) or bounce of Kumo or Kijun (slower Ichimoku line). Stop Loss i below last low (Im not opening any shorts on such stron bullish market - golden rule is - when you see stron bullish...
After delaying the burn 2 times, they 'promissed' it will happen at Target HF Block: 1699157 Approximate HF date: 2017/12/7 www.emc2.foundation
EMC2,has developed a rising triangle with bullish bias shown on indicators/oscillators. Wait for a solid break of the pattern before entering the trade. At the moment the bullish momentum has stabilized and primed for a big move. If broken downwards we have weak support at 0.00001419 and a stronger support at 0.00001163 Trade Safe.
I'm sure everyone already sees this looks like the start of the last 2 big spikes, just sharing what my plans are. The blue line is roughly where it had dipped down to before shooting up previously, and I'll have a stop loss around 1275-1300. The target brackets are around where I'll have my sell order at, then potentially buy back on dip to try for the next...
EMC2BTC already break bullish confirmation, still not too late to follow bullish wave, we can wait for small pullback at fibonacci retracement 1703 and aim for 3000 this weekend. Estimated period 20 days max.
Buy at 1986 level and sell below Resistance 2 ( price target - 2217) or buy at 1743 level and wait to see if the price breaks Resistance 1 at 1950 level. BITTREX:EMC2BTC
MACD crosses upwards like the beginning of the rally between 1040-1900 sats. Rested at dip. CCI is likely MACD, is at the beginning of tha rally, start to buy. Like 1hr chart it can be seen on 30m chart the similar pattern. If we look at 1d chart we can see that we are at the beginning of a move like late september that emc2 rises from 800 sats to 3k. Waiting...
Burn in december, btc correction and a nice breakout sounds like uptrend to me
25th Oct hardfork of EMC2 will now happen on 7th Dec, but MACD and RSI show upcoming reversal. I will watch EMC2 after 25th Oct as there could be fomo around the hardfork date and we'll see a similar rise as a few weeks ago. My conservative trade will be like: Buy 650-850 sat Sell 1500 2500 3300 sat If the market will not follow the indicatos this time, EMC2 is...
So, generally what I see from daily chart that EMC2BTC price is bouncing in trading corridor and soon it will break it, if it breaks lower border it will fall, if upper it will rise, simple ! Gonna wait 2-3 more days and see what will happen. Buy or sell according to wedge breakout. Good Luck !