CryptoKraze here
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $Rep has made a big impulsive move and now it has to form a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pulls back and wait 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 to 50 level now, so we have pull back done and next impulsive move is ready. If we look at bollinger bands, the price has touched upper bands and now it will reach median line and then break above.
- I will have a buy entry at 0.00655000 with my profit target will be around 0.00740000 and 0.00850000 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.
great post!!Yes now days people are rather investing in crypto coin then in othet as it is very profitable and very esay to buy ans sell!!thanks fpr your information@cryptokraze
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“The truth." Dumbledore sighed. "It is a beautiful and terrible thing, and should therefore be treated with great caution.”