Steem Dollar is Forming Bullish Flag | 2nd Impulsive Move is Expected

CryptoKraze Technical Analysis

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

Possibility on 1 Hour Chart

If you look at 1 hour chart, you will see Steem Dollar 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 0.00036000 with my profit target around 0.00055000 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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I was wondering what I would look like at that moment? Maybe I would look the same or maybe God will give me another image, an appearance with much more delight to look at and not like somebody is staring at a curiosity. But I wouldn't mind an appearance as long as there will be no pain and I am free to move as I wanted so freely that I could even fly.

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polashsen (48) · 7 years ago

Thanks for sharing your valuable post with us. Resteem your post

$0.00

2 votes

maruf24 (50) · 7 years ago

Bitcoin & crypto market should rise up..
thanks for sharing your valuable post with us..
@upvoted & @resteemed

trisan (50) · 7 years ago

The holy day of rapture gives us all a worry everyday. We should just be ready because he is coming like a thief in the night.

Hmmm. I wish He understands your pain and gives you a new body. But do you even know before the Lord, You have a perfect body shape.He said everything he made,He made them perfectly.

hassanbenali (2) · 7 years ago

yes friend
Wonderful post ..thanks for sharing...Best of luck friend ✫ resteemid

aaeesha (46) · 7 years ago

are you kidding it can touch 55000.idk.

cryptokraze (72) · 7 years ago

It can , easily if next impulse is made.

1 vote

tastetwist (58) · 7 years ago

sweet

yensaokhanhhoa (25) · 7 years ago

Nice post, thanks all