Radium is forming Bullish Flag Pattern | Ready for next Impulsive Move
CryptoKraze here
Possibility on 1 hour Chart
If you look at 1 hour chart, you will see Radium 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 0.00124000 with my profit target will be around 0.0017000 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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This is the more informative and updating todays position in the Cryptocurrency.Thanks for sharing this valuable content my friend.I am so worried about it because the decreasing the crypto rate recently.I can,t believe this is happenning. Thanks for sharing my dear friend@cryptokraze
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Actually this is your good making plan.I appreciate it and thinking about your plan.Thanks for your feedback.
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Wish you best of luck.
Umair Bhai thanks for sharing just a informative analysis , BTW most of the time you follow witch time frame ?
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Thanks Umair Bhai inshaAllah today I will call you at evening , I know in morning you are busy n sorry for late reply , have a good day
good analysis. I love it.
Much needed information it will help me to generate reasonable profit.
nice