Status Network Token has Broken out with Impulsive Move | Bullish Flag Pattern in process of Formation
CryptoKraze Technical Analysis
Possibility on 1 hour Chart
If you look at 1 Hour chart, you will see SNT has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with 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 would have a buy entry at 0.00001550 with my profit target around 0.00001850 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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Breakouts are good if you have the coin sitting about in an exchange ready to to take advantage of it.
I have found by the time you get some currency there, you have missed the boat.
Probably my inherent distrust of leaving cypro on exchanges.
Thanks for the info though.
Thanks for sharing cryptocurrency update providing.
I appreciate your post..
This great technology..
i want to join your @adsactly Discord Channel
.thank you for sharing this
https://discord.me/adsactly
if you dont mind,
can I join you as well?
Ofcorse it is free for everyone
thank you but being a Pakistani, I want to say that, I don't more about discord, can't you give me your facebook link because it will be better to stay in touch with you and please its a request don't react if you don't like my suggestion..
I am active on steemit or discord. On FB you might not get response that you can get on discord
but I really don't know, how to use discord in proper way, just give me a little time on f.b please,,,