HiTech
Long

EuropeCoin VS Bitcoin Buying Opportunity

BITTREX:ERCBTC   EuropeCoin / Bitcoin
EuropeCoin has begun trading upwards after hitting the 3k satoshi low. Price broke above the 200 MovingAverage and after a month of consolidation and multiple rejections of the 200 MA, 23.6% Fibs support as well as 2/1 Gann Fan trendline price broke above the upper trendline of the descending channel .

Price broke above the channel and previous high at 9k satoshi with confidence, under a heavy volume , suggesting the continuation of the uptrend. The nearest resistance is seen at 61.8% Fibonacci retracement that is 13.4k satoshi, that is 50% growth potential from the current price. Only break and close below 7k satoshi support could invalidate bullish outlook.
Kommentar: Time to go up
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ETH Tip Jar: 0xafbc203afac03c466b9e8ce3b4c7133b710bf
any update?
Antworten
HiTech Rob1n2
@Rob1n2, "break and close below 7k satoshi support could invalidate bullish outlook"
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