CryptoKraze Technical Analysis
Possibility on 4 Hour Chart
If you look at 4 hour chart, you will see $XEL has formed a descending triangle and likely to breakout. This is very common pattern in crypto currencies, whenever a coin makes this descending triangle, a breakout is imminent that might happen anytime soon. If we look at RSI, it has touched 70 level and has dipped below 50 level. It has to rise up to touch 70 level again.
- I have a buy entry at 0.00004100 with my profit target will be around 0.00005500 and 0.00007000 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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Great prediction and possible outcome chart that you post.I think $Elastic will going to break out as in most cases symmetric triangle result in the bullish breakout as predicted in the above chart.
Keep it up thanks
Lets see I am waiting for Volume to come in February start.
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Very Educating.
Good prediction..
Thanks for sharing..
Keep it up..
Oh Thanks, Great to have your comment on my post.