Short-term BULLish TRX/TRON - BTC
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Hello all!
This is my first public analysis of why I am BULLish of TRX these next few days/week.
I have been researching/learning/practicing technical analysis for about 3-4 months now, so basically, I don't know shit.
Therefore,
Any and all critiques and advice are welcome and appreciated!
Analysis:
Bullish Tri-Star formation: potential sign of a bullish reversal
Tri-star formation has the best performance when it is a part of a small downward retracement in a primarily upward price trend.
Piercing Line pattern:
A Piercing Pattern occurs when a bullish candle on Day 2 closes above the middle of Day 1's bearish candle.
Need additional indicators to confirm a bullish trend, such as a break in the downward trendline.
Lastly, BULLISH squeeze alert!
This is a three-day bullish reversal pattern. It was developed because of the frequent event where prices can break to the upside following this pattern, especially if the pattern is preceded by a strong downside move.
lower highs and higher lows consecutively
I will update this analysis as I watch TRX these next couple of days.
Within the next week:
Target 1: ~505 sats
Target 2: 600 sats
This is my first public analysis of why I am BULLish of TRX these next few days/week.
I have been researching/learning/practicing technical analysis for about 3-4 months now, so basically, I don't know shit.
Therefore,
Any and all critiques and advice are welcome and appreciated!
Analysis:
Bullish Tri-Star formation: potential sign of a bullish reversal
Tri-star formation has the best performance when it is a part of a small downward retracement in a primarily upward price trend.
Piercing Line pattern:
A Piercing Pattern occurs when a bullish candle on Day 2 closes above the middle of Day 1's bearish candle.
Need additional indicators to confirm a bullish trend, such as a break in the downward trendline.
Lastly, BULLISH squeeze alert!
This is a three-day bullish reversal pattern. It was developed because of the frequent event where prices can break to the upside following this pattern, especially if the pattern is preceded by a strong downside move.
lower highs and higher lows consecutively
I will update this analysis as I watch TRX these next couple of days.
Within the next week:
Target 1: ~505 sats
Target 2: 600 sats
Nota
Realized I incorrectly called the Tri-star formation. The body of the 2nd doji needs to be below the other two. That third doji was a gravestone doji that predicted the downward trend it went on. However, Piercing line and Bullish squeeze alert still remain.
Nota
Looking good! Bounced faster than expected, 500 sats target 1 still.Nota
Target 1 hit as predicted.Dagangan ditutup: sasaran tercapai
Target #2 hit: 600 satsBuy-in : 410 sat
SOLD target #1: 500 sats, ~22% profit trade
SOLD target #2: 600 sats, 46% profit trade
Took ~5 days, faster than expected of my within 1 week prediction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.