Bullish Flag Pattern Spotted on Ruby Coin | 2nd Impulsive wave is ready to take off
CryptoKraze here
Possibility on 30 Minutes Chart
If you look at 30 minutes chart, you will see Ruby Coin 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 0.00014500 with my profit target will be around 0.00018000 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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At over plus 40 percent difference, it makes a lot of sense, but I am sticking to Bitcoin and Steem
@cryptokraze good research it may be good time to buy
Thanks for sharing...
Very good work.it is imformative.
Go ahead
You are quite the clever one! Good job please continue your captivating work. I wish I was as daring.
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More of a general comment for others too...in other markets, a first time cross on an RSI is often followed by another, and with those big jumps, if it drops to about half the jump and stops dropping, also tends to move higher later on. So could be a good trade. Still, nothing is ever a sure bet :)
thanks bro for your best posts