EBST Trade
Updated
Heres our TA on the coin, EBOOST.
We've had a very strong decline in the cryptocurrency market, and it seems like things are going bullish for the time being.
With BTC breaking out we can expect many coins to follow in its footsteps.
The technicals are amazing, with RSI & MACD showing nice signs of reversal.
On the 4 hour timeframe, we've broke out and consolidated creating a bullish flag and broke out of the flag sending the price upwards!
On the daily chart once we clear 0.000038 the price has double bottomed on the daily and should send the price a lot higher!
(Shown by green line)
Stop losses can be set below previous resistances
0.00003029
0.00002615
Take Profits at fib retracement levels
0.00006661
0.00009150
0.00011163
Entry
0.000038 (Double Bottom)
We'll be updating this post as time goes on, including when we enter or exit the trade. Cheers!
Feel free to check out the related post on how we can maximize profit while minimizing our risk, we'll be implementing this method into this trade!
We've had a very strong decline in the cryptocurrency market, and it seems like things are going bullish for the time being.
With BTC breaking out we can expect many coins to follow in its footsteps.
The technicals are amazing, with RSI & MACD showing nice signs of reversal.
On the 4 hour timeframe, we've broke out and consolidated creating a bullish flag and broke out of the flag sending the price upwards!
On the daily chart once we clear 0.000038 the price has double bottomed on the daily and should send the price a lot higher!
(Shown by green line)
Stop losses can be set below previous resistances
0.00003029
0.00002615
Take Profits at fib retracement levels
0.00006661
0.00009150
0.00011163
Entry
0.000038 (Double Bottom)
We'll be updating this post as time goes on, including when we enter or exit the trade. Cheers!
Feel free to check out the related post on how we can maximize profit while minimizing our risk, we'll be implementing this method into this trade!
Note
Seems like we're possibly going lower, we're going to keep a close eye on this as our entry was not triggered yet!Trade active
Trade closed manually
Pattern failed, seems like its looking for a new low.Note
Watching this closely, might see a nice entry on the break of the 38 level
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.