Good day to all steemians.
Today I come with an update of the crypto OST, which moved just as we had predicted, as you can see in my previous post https://steemit.com/cryptocurrency/@chepexx/simple-token
At this time the OST has a value 2741 satoshis.
As we analyzed in previous post was very close to the level 61.8% of the retracement and fibonachi we expect the rebound and our objectives were met.
Now let's get into the subject, when we see the 4 hour chart we see that the price is very close to the 23.6% level, the stochastic is overbought and the rsi is at 59.
My recommendation is to take profits or for the most risky place a stop loss at 5% and wait to see if it continues with the rise, since we have a gain of 14.6% at this time we have room to risk a little.
In the 1 hour chart we can see that the stochastic is overbought and the rsi is at 64.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent weekend.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
