$MonetaryUnit has made Impulsive Move | Bullish Flag Needed for Next Move
CryptoKraze Technical Analysis
Possibility on 1 hour Chart
If you look at 1 Hour chart, you will see MonetaryUnit has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.
- I would have a buy entry at 0.00001750 with my profit target around 0.00002050 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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helpful blog.thank you for sharing us possibility 1 hour Chart
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Hello how are you? ... I have my vote of support from the community #steemfamilyhi, you can follow me in @asarcos ... I also invite you to my last publication, https://steemit.com/spanish/@asarcos/hibiscus-mutabilis
Thanks bro.. for sharing such a informatic information :)
hopefully this analysis is correct!
check my latest post on cryptcurrency: https://steemit.com/blockchain/@williamcrypt97/one-year-a-thousand-lessons
If it does a bull flag certainly will moon. However i don't thing flag is necessary here: quick correction and back to business is also likely.