$Gifto has broken out with impulsive move | Bullish Flag in formation

CryptoKraze Technical Analysis

In this post I am going to cover technical analysis of $Gifto for Short trade. I am using tradingview charts and price linked to Binance exchange. Let's have a look on technical aspects of $Gifto.

Possibility on 1 Hour Chart

If you look at 1 Hour chart, you will see $Gifto has made 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 have a buy entry at 0.00004200 with my profit target around 0.00006000 or above.
Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

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Disclaimer
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$Gifto has broken out with impulsive move | Bullish Flag in formation

CryptoKraze Technical Analysis

Possibility on 1 Hour Chart

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