Crypterium Big BreakoutCrypterium has experienced a large range breakout, this was spurred on by a touch on the middle band on the weekly timeframe
Bullish continuation is likely
long entry (weekly)
CRPTBTC
410%+ Mapped for Crypterium + Project Overview (KuCoin)We just looked at Loki (LOKIBTC) on KuCoin.
When noticing the daily timeframe chart for the above pair, we have something similar to Crypterium (CRPTBTC ).
Looks like prices will also move above MA200 (0.00004535) here, now that the wedge is broken.
We also have really high volume and bullish indicators (MACD and RSI).
Let's take a look at the project overview.
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About Crypterium
Crypterium is building a mobile app that lets users spend cryptocurrency in everyday life. Using the Crypterium App, users can reportedly trade cryptocurrencies, top up their phones, open a savings account, and order its global crypto card. Crypterium claims to have over 400,000 registered users is and counts Keith Teare, co-founder of TechCrunch, amongst its advisers. The project has also been identified as one of the 'Emerging 50' in a joint 'FinTech 100' report by KPMG and H2Ventures.
Source: Coinmarketcap.com
Website: crypterium.com
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You can find additional targets if you zoom out on the chart.
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CRPT Complete Analysis | 1W 1D 4H1D Chart
Local Support has been tested and the quickness of the tests enhances the quality of the Support zone. Buying 30% position here with stoploss below the Local Support.
If price action do not hold the Local Support then we are most likely to see price in Accumulation Zone.
4H Chart
Price breaking below parallet channel and if it reclaims it and breaks above the falling channel then a buy position has been explained.
Weekly Chart
Accumulation zone have been defined using Lower time frames (1D) and is containing untapped buy orders.
Disclaimer
This is not a financial advise. Trade at your own risk.