$ZCash Formed a Bullish Divergence | Buy this Dip for Scalp Trade
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 $500 my profit target will be around $600 and $640 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.
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Estupendo post amigo, mucha suerte y éxitos para su blog, un gran saludo y un abrazo desde Venezuela:)
Nice quick and simple TA, nothing is better on Steemit, thanks for the call man
Crypto trade is risky but the investment pays big time. Nice one @cryptokraze