Crypto Kraze Trading Results | 20% Profit Generated on $Elastic Trade

cryptokraze (72)in #bitcoin • 7 years ago

CryptoKraze Technical Analysis Results

Hey folks @cryptokraze here and I am going to show you results of my Trade call on $Elastic that I posted 6 hours ago. It proved out to be a very good entry and more than 20% profits in less than 6 hours.

I posted $Elastic entry based on bullish flag formation. Let's have a look at it what I posted and what is the current situation.

$Elastic has made Impulsive Move | Bullish Flag is needed for Next Move

This was the chart I posted at time of my entry. As you can see $Elastic has made a big impulsive move and now it has formed a bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move.

Now we will look at the current price in below chart

xel profits.png

So the result of this trade based on bullish flag pattern is obvious because trade is going nicely in profits. I have Exit at 0.00003600 because RSI was approaching above 70 level. In this way, I have managed to profit 20% in less than 6 hours.

Have a look on my other Posts

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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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