Bullish Divergence on Dash was picked for nice short profits
CryptoKraze here
Possibility on 15 Minutes Chart
If you look at the 15 minutes chart, you will see that a bullish divergence has formed because price has made lower lows and RSI is making lower high, which mean blue lines are going opposite direction. RSI has gone below 30 level and now moving nicely above 30 level, so I am expecting it to go even higher. Price has touched the lower bollinger bands and now it will move up nicely. I have taken this trade as a scalp to make some quick profit.
- I have a buy entry at $730 my profit target will be around $800 and $890 or above if this divergence is successful.
- Stop-loss 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.
Nice article
Thanks for the information bro
Thanks sir for the update news about bitcoin and blockchain...
i really helped for this...
carry on alwyes follwing to you
Nice scalping sir i also like to do scalping.