Spread Coin has Made Impulsive Move | Bullish Flag Needed for Next Move
CryptoKraze Technical Analysis
Possibility on 1 Hour Chart
If you look at 1 hour chart, you will see $SpreadCoin has made an impulsive move and now it is forming a bullish flag. This is a very common pattern in cryptocurrencies, whenever a coin breaks with the 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 0.00006200 with my profit target around 0.00008000 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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Impressive!!!
Some good buying time for SpreadCoin?
Which exchange hosts it?
Well you would have buy it at recomended price and as I mention that I have used bittrex for price link. So you can trade it on bittrex.
I think down trande of altcoin has gone. So we can expect bull run of all crypto.