$Tron has Broken Out with Impulse | Bullish Flag Needed for Next Impulse

in #bitcoin • 8 years ago

CryptoKraze Technical Analysis

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

Possibility on 1 Hour Chart

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If you look at 1 hour chart, you will see $TRON 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 0.00000575 with my profit target around 0.00000775 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

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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. Bitcoin unexpected move will make this analysis void.

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8 years ago in #bitcoin by
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     8 years ago  

    WARNING! The comment below by @mujib leads to a known phishing site that could steal your account.
    Do not open links from users you do not trust. Do not provide your private keys to any third party websites.

    [-]
     8 years ago  

    Thanks @guard...
    I'm grateful for the warning

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       8 years ago  

      Wow! this is a very simple but outstanding analysis. I bought TRON really cheap a couple of days back and I'm watching very closely to sell at the pick lol

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         8 years ago  

        Good analysis...

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           8 years ago  

          WARNING - The message you received from @mujib is a CONFIRMED SCAM!
          DO NOT FOLLOW any instruction and DO NOT CLICK on any link in the comment!
          For more information, read this post: https://steemit.com/steemit/@arcange/phishing-site-reported-upvoteme-dot-ml
          Please consider to upvote this warning if you find my work to protect you and the platform valuable. Your support is welcome!

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             8 years ago  

            Unfortunately I missed the trx train.I sold my all trx befor few minutes when it was bullish.

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