CryptoKraze Technical Analysis Results
I posted $DNT 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 $DNT 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 0.00001400 because RSI was approaching above 70 level. In this way, I have managed to profit 75% in less than 6 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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