White Coin made 1st Impulsive Move | wait for Bullish Flag formation and Ride the 2nd Wave
CryptoKraze here
Possibility on 1 hour Chart
If you look at 1 hour chart, you will see $XWC 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 shall have a buy entry at 0.00002000 with my profit target will be around 0.00003000 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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I hope it will make next impulsive move!
looks like an interesting proposition, i follow up and buy to and wait for it to climb, looks like its undergoing a correction and once past this it will surge
Thanks for your great description ...
It's really great over all...
I appreciate to see this ...
Thanks a lot for sharing your valuable post
Verry good post
Interesting hope these analysis will help others to achieve their goals.