BITTREX:EBSTBTC   eBoost / Bitcoin
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!

Comment: 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.
Comment: Watching this closely, might see a nice entry on the break of the 38 level
So what to do now?
+1 Reply
162Trading pankaj.research
@pankaj.research, We'll simply wait, and observe on the sidelines until we see a confirmation that the trend has reversed!
+1 Reply
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