Currently we just broke above the channel we have been in since around Feb of this year after what looks pretty cup and handle like to me. If we hold top of channel we will probably see a new channel form.
Some of you may have seen the large spike today. If you aren't aware of what the coin is all about you should take a look into it. I was fortunate enough to buy in around this price range years ago before the huge spike (go back and look at the chart from a few years back compared to the current price).
What was happening around that time before? A hardfork. From everything I've been seeing it looks like there may be another hard fork in around Late May - Early June. Sure we may not go 15X, but it could easily happen again. Regardless I'm holding some to see what happens. It has already about tripled since I took a position again. If you do take a position, I'd expect large spikes up and down. If you look at depth chart and buy/sell orders there really aren't that many. It doesn't take that much money into it to move the price way up or way down. This is more of a buy and don't look at it for a month or two situation more than likely. The current low volume also makes it harder to liquidate a position quickly so be warned. The blue/aqua looking line is a resistance based off some older data. If we get above that we should be golden.
Disclaimer: This isn't financial advice. I am not a professional. Trade at your own risk. This is me just sharing my thoughts.
Some of you may have seen the large spike today. If you aren't aware of what the coin is all about you should take a look into it. I was fortunate enough to buy in around this price range years ago before the huge spike (go back and look at the chart from a few years back compared to the current price).
What was happening around that time before? A hardfork. From everything I've been seeing it looks like there may be another hard fork in around Late May - Early June. Sure we may not go 15X, but it could easily happen again. Regardless I'm holding some to see what happens. It has already about tripled since I took a position again. If you do take a position, I'd expect large spikes up and down. If you look at depth chart and buy/sell orders there really aren't that many. It doesn't take that much money into it to move the price way up or way down. This is more of a buy and don't look at it for a month or two situation more than likely. The current low volume also makes it harder to liquidate a position quickly so be warned. The blue/aqua looking line is a resistance based off some older data. If we get above that we should be golden.
Disclaimer: This isn't financial advice. I am not a professional. Trade at your own risk. This is me just sharing my thoughts.
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Hoping to see 766 sat range hold before another push
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We had a push up to 1200 and now a pullback, but I'm just holding on to it and see where it will be in a month or two around the fork.
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Just fell to green support and trying to bounce. I bought back in a bit. I forgot to update that I cashed out when started falling from stop loss.
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Update per request I just noticed:
Looking at USD pair we fell below major supports. It looks like we are just confirming red support as resistance. If we get back up above it I may buy back. It may be due to a delisting like you said, but probably more likely just due to being a very low volume coin. I use Bittrex for a lot of trading I do and historically there has only ever been like 1-2 BTC total of orders on it at any one time. Pretty easy to panic sell all the orders and crash it to 0. For example, if this wasn't the case, I would have put a lot more into this previously when I was following it. Unfortunately due to low low volume it makes it very easy to get stuck with a sack when it tanks. Just not enough buy orders in place to sell without loosing a ton of money compared to the "current price."
That being said, if/when it gets going again it'll probably be a rapid rise if people become interested in it due to the low volume as well.
Looking at USD pair we fell below major supports. It looks like we are just confirming red support as resistance. If we get back up above it I may buy back. It may be due to a delisting like you said, but probably more likely just due to being a very low volume coin. I use Bittrex for a lot of trading I do and historically there has only ever been like 1-2 BTC total of orders on it at any one time. Pretty easy to panic sell all the orders and crash it to 0. For example, if this wasn't the case, I would have put a lot more into this previously when I was following it. Unfortunately due to low low volume it makes it very easy to get stuck with a sack when it tanks. Just not enough buy orders in place to sell without loosing a ton of money compared to the "current price."
That being said, if/when it gets going again it'll probably be a rapid rise if people become interested in it due to the low volume as well.
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EMC2/BTC pair the chart looks a bit different. I extended out some channels and stuff I had from back when I was following it and the price action seems to be hitting key locations from old patterns. It bounced off the top of the channel on chart and now we are at green resistance. If we can break above it I imagine we will at least retest the pink resistance line around 467 sats. We dove hard past it and never confirmed it. Alternatively, we can always go a little lower. If looking for a long term hold and have money to spare just get it as cheap as you can and sit on it. Due to low volume I wouldn't buy 5 btc worth or anything. Do that at a market order and you will artificially pump it to the moon and be stuck with a sack probably lol. Probably one of those coins that are more or less dead despite the occasional post. IDK what happened with MIL coin and never saw anything else about it (never bothered to look back into it to be honest)