CryptoKraze here
Possibility on 4 Hour Chart
If you look at 1 hour chart, you will see ClubCoin has almost formed symmetrical triangle. This is very common pattern in crypto currencies, whenever a coin makes this symmetrical triangle, a breakout is imminent. If we look at RSI, it is ranging in mid level and have good space for breakout that is what I am expecting. Let's have a look on Bollinger bands, you will notice that last impulsive move took the price to top bands and now it has pulled back to median line, so we have a possibility of bounce back from this level.
- I have a buy entry at 0.00020500 with my profit target will be around 0.00032850 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.
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