EMC2 has been in holding pattern for the past few days after the successful hard fork. The next date is the 19th of December when they plan to announce a "mind blowing" idea, which can be anything from being part of the IBM quantum computer program, Elon Musk partnership or NASA co-operation to just releasing API to access the EMC2 network. As investors of this cool project which started as a Litecoin copy, we hope it is something that will move EMC2 to the next level also in market cap. 1B here we come :) BITTREX:EMC2BTC
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I think the targets are: 12000 satoshi 15000 satoshi 19000 satoshi 23500 satoshi - 1B Market cap with 19k BTC price =) My favourite
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The EMC2 started rising already on Sunday afternoon so seems like everybody likes to be aboard this rocket. We have already reached 14500 satoshi and close to 78,60% Fibonacci level from previous high. Expecting a small drawback from that level, so if you did not get onboard I think its time to enter again around 12000 satoshi.
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Seems like 10500 satoshi is more likely rebounce target.
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The 10500 satoshi target seems to be failing since there are people pumping the EMC2.. :) Einsteinium foundation releases the news 19th at 12 PST time, so in timeanddate.com/countdown/generic?p0=137&iso=20171219T12&year=2017&month=12&day=19&hour=12&min=0&sec=0&msg=EMC2 Announcement&csz=1 25hours. The EMC2 is likely going to be pumped before pretty much and people are trying to get back their losses from the previous pump to 21000 satoshi. I think 14000 satoshi is a hard resistance. But I think there are not many trying to sell EMC2 before the announcement.
I sold mine at 14000 satoshi and then bought back some at 9700 satoshi :) lets see, if there is any steam left on this one in a few days after the dust has settled.
Investor's pockets were blown, then their mind on this one.
Jaquatech
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@BankofEngland, :D Yep.. so many lost money that I think this will not be on their buy list for while. Seems like its still bouncing from 8000 satoshis. Ill give it few weeks, maybe next announcement brings back investors.