$Crown is forming bullish flag pattern | Next Impulsive Move is Expected
CryptoKraze Technical Analysis
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $Crown has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.
- I have a buy entry at 0.00022000 with my profit target around 0.00026000 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
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Thanks a lot for this update sir,Bought Crown at 4$,seeing i can get out if it touches around 3$ thanks a lot.
Thank @cryptokraze for your another informative post for crypto trading.
Great story, nice post. Thanks for share bro @cryptokraze
For future viewers: price of bitcoin at the moment of posting is 9555.50USD
The information you provide helps us a lot. I would like to thank you for posting a tip
Thanks for an informative post. Following you to get more such info.
got to learn about this pattern form you thanks for sharing the details :)
Thanks buddy !Will look into it more closely :)