After a good bull run the price of POLONIEX:FLOBTC is struck in a range bound and formed a nice flag pattern. After nearly 6 months we can see that there is a upcoming crossover of 20 day and 50 day moving average.
Once the trend line is violated pending orders can be place at 0.00001750 with stoploss at 0.00001030, the short term target is at 0.00002 and the long term target is at 0.00003 (Might go above if there are no sudden spikes)
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Once the trend line is violated pending orders can be place at 0.00001750 with stoploss at 0.00001030, the short term target is at 0.00002 and the long term target is at 0.00003 (Might go above if there are no sudden spikes)
Follow me for more analysis
Likes and comments are welcomed
Comment:
First target reached.