Particl Technical Analysis | Finding the Support Zone

CryptoKraze here

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In this post I am going to cover technical analysis of Particl for medium term trade. I am using tradingview charts and price linked to Bittrex exchange. Let' have a look on technical aspects of Particl.

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Possibility on 1 Hour Chart

If you look at 1 hour chart, you will see Particle is entering in the support zone now. It is more like that it will find a support here and move up again. If we look at RSI, it has below above 30 level and oversold, so it has to move up because price cant just keep going in 1 direction. Let's have a look on Bollinger bands, price is almost touching the lower band and it is high possibility that price will bounce back from this support zone.

• I will have a buy entry at 0.001350 with my profit target will be around 0.001810 or above.
• Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

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Have a look on my other Posts
Bitcoin Correction Almost Done - Get Ready for Boom
Averaging Technique in Crypto Trading

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If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis

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Disclaimer
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.

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