After the price chart we analysed on the 25th of March 2019(
), the 1st target hit toward the upside. On the 30mins time frame, the breakout is here. THE PENNANT FLAG PATTERN.
We have talked about this chart pattern in a lot of previous chart. The breakout is in play already, the targets on the previous analysis are still valid and also to take a position with this current breakout(price needs to close above this flag.
VERDICT:
BUY: $0.3722
SELL: $0.38368 up to $0.41443
STOP LOSS: $0.36048
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
We have talked about this chart pattern in a lot of previous chart. The breakout is in play already, the targets on the previous analysis are still valid and also to take a position with this current breakout(price needs to close above this flag.
VERDICT:
BUY: $0.3722
SELL: $0.38368 up to $0.41443
STOP LOSS: $0.36048
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.