EMC2 getting ready for rally, considering 19th Dec News
Diupdate
Hello Everyone,
Here is the analysis on EMC2, it is getting ready for another rally. It was beaten heavily, and now hovering around the support.
The pattern we caught is Descending triangle pattern, yeah I agree chance of pattern success is 50%
But our plan is to buy on Low, so we can safe our capital with less loss in case if it goes otherwise.
Or Buy after break out.
Entry :
1) Buy on breakout : 12000
2) Buy on supports. : 8500
Target :
T1 : 14000
T2 : 19000
Sl
Below the Support , 7000, it is for very very safe side.
Here is the analysis on EMC2, it is getting ready for another rally. It was beaten heavily, and now hovering around the support.
The pattern we caught is Descending triangle pattern, yeah I agree chance of pattern success is 50%
But our plan is to buy on Low, so we can safe our capital with less loss in case if it goes otherwise.
Or Buy after break out.
Entry :
1) Buy on breakout : 12000
2) Buy on supports. : 8500
Target :
T1 : 14000
T2 : 19000
Sl
Below the Support , 7000, it is for very very safe side.
Catatan
that was quick 20% from the support. Move your stoploss to cost.Catatan
Look at that candle massive buying.Catatan
40% from our levels.Catatan
EMC2 had a massive run. It went on like a rocket and dumped in the same way. Well, Reason could be many who have bought in the top of the last run might have sold it, profit taking or buyers saturated at that level. We can buy here as well, as we are down by 15% from the top.Catatan
Lot of activity here.Catatan
Consolidating at $2 before big leap. If notice this coin's pattern is to consolidate and jump.Catatan
Back in action.Catatan
BTC up and huge resistance at the Top of the triangle pushed the price to 10200 (Minor Support)In the day, we had range of 10000 ---> 11700, easy 17% . One can watch these levels for range trading.
Catatan
If you havenot closed for profit, please hold. We are on support. Whoever bought on top (12200) have to wait for few more days.
Please note : Buying in FOMO (fear of missing out ) is dangerous. Its ok to miss the trade. We will have another opportunity.
Catatan
Lot of activity on this today. 2 more days for the news. Buy the rumours and sell the news.Unless it is excellent news, there is no use to keep this coin. It may take months to recover.
Catatan
Back to 12000, except a breakout soon for the target 14000. set your sell orders (50%)Catatan
Price touched 13700 (New Resistance). T1 : 14000 (13700) - Achieved.
T2 : Next Target.
Catatan
News tomorrow. Activate your targets.Catatan
It will be a mad rush with in 20 hrs. Hold the horse, Plan your targets.It hard to say that it will touch 19000 at retrace, people may sell at 18000, so watch it and book it.
Catatan
wow. 1500 sat in no time.Catatan
Trailing stop loss can help to secure the profits.Currently I have at 14000
Catatan
Its all a trick. 11 Mins past the said time, no news announced. They are dumping the coins. Cheap trick.Catatan
emc2.foundation/news/2017/12/19/einsteinium-fork-2-announcement-algorithm-changeNot a news at all.
Catatan
No more EMC2, call closed. We suggest only safe coins most of the time. This one turned as hype.Hope your capital saved with stoploss. I got out at 14000.
Catatan
Technically, we can buy around 4200-4300 for a decent return.
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