CryptoKraze here
Bullish Flag Spotted on Nexus | Next Impulsive Move is about to breakout
This was the chart I posted at time of my entry. As you can see Nexus 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 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 my target of 45000 was easily hit. I have Exit at 90000 because RSI was approaching 70 level. I have managed to profit 200% in this situation which everyone was calling a bloodbath.
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.
very good effort
Please add more analysis on crypto currencies, I love reading up about them! As I am currently looking into it.
cryptokraze!! Thank you, your Post.
good
Wow, I think I'll have a better look at crypto currencies again. I def dont want to miss out! what's a venture without risk