DigitalNote is in process to form a bullish flag for next impulsive move

cryptokraze (72)in #cryptocurrency • 8 years ago

CryptoKraze here

In this post I am going to cover technical analysis of DigitalNote for Mid term trade. I am using tradingview charts and price linked to Bittrex exchange. Let's have a look on technical aspects of DigitalNote.

Possibility on 1 Hour Chart

If you look at 1 hour chart, you will see DigitalNote has made a big impulsive move and now it has formed 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 dipped 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 is approaching median line and then break above.

I have a buy entry at 0.00000205 with my profit target will be around 0.00000275 or above.
Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

Have a look on my other Posts
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If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis

Disclaimer
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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8 years ago in #cryptocurrency by cryptokraze (72)

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mugsy7 (46) 8 years ago

Best of luck man that'll be a huge win if you get it

$0.00

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thepassenger (57) 8 years ago

Thanks for sharing :)

$0.00

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libertyranger (59) 8 years ago

Time to Double .. No Triple... No Quadruple your Crypto Earnings.

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