$Expanse has formed symmetrical triangle | A breakout is coming
CryptoKraze Technical Analysis
Possibility on Daily Chart
If you look at daily chart, you will see $Expanse has formed a symmetrical triangle and likely to breakout. This is very common pattern in cryptocurrencies, whenever a coin makes this descending triangle, a breakout is imminent that might happen anytime soon. If we look at RSI, it has touched 70 level and has dipped below 50 level. It has to rise up to touch 70 level again.
- I have a buy entry at 0.00034250 with my profit target will be around 0.00060500 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. Bitcoin unexpected move will make this analysis void.
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bulish on it too
Good information
Isn't there a fundamental problem with using TA for small coin, as it is so speculative ... the tech seems more important for long term holding than TA no? Thanks for sharing the analysis, it seems good
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verry nice information