EuropeCoin VS Bitcoin Buying Opportunity

in #europecoin • 7 years ago

europecoin ercbtc cryptocurrency.jpg

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.

Source: http://cryptopost.com/europecoin-vs-bitcoin-buying-opportunity/

europecoin ercbtc cryptocurrency technical analysis chart.png

#erc #ercbtc #cryptocurrency #trading
7 years ago in #europecoin by
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