What's going on guys, adding another take on EMC2 with its recent bullish divergence. After the short BTC rally yesterday which drove altcoins down, EMC2 bottomed on the 8,200sats and very quickly bounced to 12,300sats. On this chart I'm displaying the bigger story on a 1Hr chart favouring the most supported trend lines for a confirmed breakout. On the SHORT it needs to break above the triangle up and hold on the 12,300sats target. If it can do that then we can expect something good before the major news to be announced. In most cases, a formation like this may lead to it going sideways for a while, but with all the hype in the community and Mind-Blowing news fast approaching this surely is on many peoples radars at the moment so I wouldn't be surprised if this jumps pass the resistance targets and moons again.
BUY the Rumour, SELL the News!
My Trade Idea: BUY: Below 11,000sats Target 1: 15,900sats Target 2: 18,800sats. SELL: 25% proportions as it could go further. Stop loss: 9,900sats
PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice!
This coin isn't doing much. Is it still worth the hold since it has hit the 9,900 sat stop loss
Benjiman7953
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@joscmc, it has just bounced under the 9,600sats. I been looking at the behaviour of this coin over the weeks and appears it builds up momentum after each big dip. Could be another dip under 9,000sats but we will see whats in stall very soon. I am bullish on this after researching how it works as well as its similarities to Bitcoin. coincentral.com/einsteineum-beginners-guide/
@Benjiman7953, Yeah I know about that... I read a lot last few days so I know that is stupid to think about contract with Apple. Just asking because you give misleading information for people who dont know about all this rumors and facts :)
WorldEconomics
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@Yo_Mama_Trades, - This was confirmed by EMC2 on Twitter that it is not about Apple and has nothing to do with Apple. EMC2 confirmed that it is a development announcement, which could mean anything from EMC2Mobile to their many projects they are almost complete with. You can see progress on their website for these various projects/developments. I believe one of those will be announced rather than something to do with Apple.
Benjiman7953
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@Yo_Mama_Trades, Good to hear you're an avid researcher. Feel free to PM if you got any new updates or relatable content for EMC2 I could add next time. Hope you got in on the early run.
Saiprasadshet
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If u think market may change then comment below......I will be waiting