$ARK has made Impulsive Move | Bullish flag Needed for 2nd Impulsive Wave
CryptoKraze Technical Analysis
Possibility on 1 hour Chart
If you look at 1 Hour chart, you will see $ARK* has made an impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with 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 would have a buy entry at 0.00037000 with my profit target around 0.00042000 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
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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I have learnt this coin break from your few posts..Learning and understanding jt more and more .Though it will take me little more time but surely all these are helping :)) Thank you bro
Awesome post! I really like your material. Keep it up!
posting is very helpful for additional imformation for me and make the steemians.salam@syafriadi to cryptokraze
Oh just studied it, i was confused with bullish flag word..Its actually a flag trend , best flag and bullish flag trend..m ;}
Sir i required some help i am new here