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Kateder
Jul 23, 2020 6:53 PM

CHRUSDT 

KUCOIN:CHRUSDT1D
Chromia / TetherKuCoin

Description

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CHRUSDT, the trend has been increasing and already broken the resistance line above with an open-close candle. Now, it is was a good time to buy at 0.056. Because of expecting more increases.
- If it goes down and pulls the line back with an open-close candle, it is time to sell.
- According to EngineeringRobo; as long as it is above the McGinley Dynamic Line (Orange Line), you do not have to sell it.

Here is the link for EngineeringRobo;
engineeringrobo.com/login/?ref=Kateder
Trend AnalysisTechnical IndicatorsBeyond Technical Analysis
Comments
DC92T
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I've never watched that McGinley line before, but if you sell below that line it doesn't seem like it would have done you much good.

I'll have to check that indicator with some other trades, thanks for your work...
Kateder
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@DC92T, Hi there, Thanks for your feedback.

for some analysis, I prefer to use McGinley Line to eliminate the loss instead of getting more profit.
DC92T
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@Kateder, Thing is - We are WAY above that line now, if I don't sell I'll lose all the profit. It may be a good time to take profit on this one....

What do you think??
DC92T
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@DC92T, I just realized I got in at .032 and it is a good time to sell > 100% profits.
DC92T
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@DC92T, Touched .08 and they dropped like a rock to .07, lets see where support lands in time...
CryptoEngineering
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8/10
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