EMC2BTC

EMC2 may have found the bottom. TA points strongly to a weakening bearish trend and a reversal to a bullish trend. EMC2BTC is currently resting nicely at the 0.786 Fibonacci retracement and appears to have completed the Elliot wave correction. In addition, the DMI signal is showing a weakening bearish momentum and the RSI shows it as oversold. The resistance level is currently at 0.00006440 BTC. If we see a strong candle break this level, it will confirm a strong uptrend with the target of 0.00008465 BTC

Disclaimer: I am new to TA so take this with a grain of salt. Any additional ideas / suggestions are welcome.