CryptoKraze Technical Analysis Results
I posted $Verge entry based on bullish flag formation. Let's have a look at it what I posted and what is the current situation.
This was the chart I posted at time of my entry. As you can see $Verge 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
So the result of this trade based on bullish flag pattern is obvious because trade is going nicely in profits. I have Exit at 0.00000500 because RSI was approaching above 70 level. In this way, I have managed to profit 20% in less than 24 hours.
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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An exciting boost can hopefully stay at a good level in the next trade, thanks @cryptokraze
Very very good information..thanks @cryptokraze for your information,I will resteem your post, so that others know about this information
Sudah saya resteem
Out of curiosity, how sustainable is it to day trade verge? why hold it? as an investor, i dont think it's a good idea to hold this coin long term due to its high volatility and wild price swings, not a good sentiment towards stable long term growth, is the day trade roi worth it?
Have you read my post? That trade was short term