$Aragon has formed Bullish Flag Pattern | 2nd Impulsive Wave is Coming

[cryptokraze]

CryptoKraze Technical Analysis

---

---

---

---

Hey folks, @cryptokraze here and I am going to cover technical analysis of $Aragon for Short trade. I am using tradingview charts and price linked to Bittrex exchange. Let's have a look on technical aspects of $Aragon.

---

---

Possibility on 1 Hour Chart

If you look at 1 hour chart, you will see $Aragon has made an impulsive move and now it is forming a bullish flag. This is a very common pattern in cryptocurrencies, whenever a coin breaks with the big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.

• I have a buy entry at 0.00040000 with my profit target around 0.00050000 or above.
• Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

---

---

Have a look on my other Posts

Breaking Barriers with Steem Education Initiative

SEI Rewards System for Members | Post of the Day Promotion |

Averaging Technique in Crypto Trading

---

---

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. Bitcoin unexpected move will make this analysis void.

---

---

---

---

Steem Education Initiative is empowering local students of Pakistant through Steem blockchain to give them a chance for better life.
You are welcome to join SEI Discord Channel and visit official steemit account @steemeducate

Join SEI at Discord

---

---

The @adsactly Society is junction for all those having some skills & free thinking and want to cooperate. It is a way to create better environment at steemit.
You are welcome to join @adsactly Discord Channel

Follow ADSactly at Discord

---

---

Comments

[christinb]

Since Aragon has made an impulsive move,Sir do you think that bitcoin prices will soon get better,or it may take some more time?

[cryptokraze]

It depends on volume, sometimes the flag got broken earlier like within few hours. Sometimes, it takes time like 3 to 4 days.

[davidad]

Thanks for this I post! You analysis is correct.. but I am hoping for Bitcoin back back at normal feet because almost every coins grow together with Bitcoin and down with Bitcoin coz they have a trade relationship.

[cryptokraze]

Bitcoin stability is a must thing for whole crypto market. Now I don't want bitcoin to jump at super speed like it did last time. I am happy if bitcoin can increase around $200 per week on average, rather than increasing to $4000 in a week and then crashing $3000 and recovering in 3 months.

[davidad]

You are most right... the rapid the growth, the more loss when its down' many have lost hugely due to Bitcon falls recently am not free either..that is why everyone is hoping for Bitcon to rise.. but with I agree with your view.

[ab1]

I think bitcoin will be
able to go back to normal
and slowly increase