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!