EmerCoin is producing good volume. It will have the biggest volume on the weekly chart since January with the exception of April when it hit its all time high on Bittrex.
(8) 0.001900 (All time high)
Today EmerCoin has tested the low at 35k satoshis where it has rejected the 3/1 Gann Fan trendline. At the same time the 61.8% Fibonacci retracement level has been rejected, and although the EMC/BTC went below it, the closing price stayed above 35970 satoshis Fib support.
Nevertheless, the resistance has been formed at 40k satoshis, that is 38.2% Fibonacci...
Since 2nd of July, when EmerCoin has reached strong psychological resistance at 50k satoshis high, price has been correcting down. It has reached 78.6% Fibonacci retracement level at 40k satoshis, but up until now failed to close below.
The current spike down, shows that price has bounced off the 88.6% Fibs as well as 200 Moving Average. Therefore, as the price...
I have hopes for Emercoin and we saw a positive breakout back into the bull area, but alas we broke the trend line and the channel only to find resistance against the 200 period moving average. Until this happens, I do not see a valid entry here though I continue to bide my time. Volume again is too low for there to be a break though that can always change. ...
A third coin in my long term investment review we have Emercoin. The weekly charts have been bullish for this coin hence why it is on my radar for a longer term accumulation of the token, though as with many coins over the past week or two, we are still in a heavy bearish price correction. Volume overall on the coin has been very low so there has not been much...
Hello guys today I prepared another TA. This time I have found one coin which is not very good know but for traders doesnt matter because we trade everything at least for short term.
Coin is EMERCOIN and as you can see there is possible cup and handle formation but it is still in the middle of formation so be carefull with this trade and invest just little bit of...