$TKS-Btc Technical Analysis | Broken out with big Impulsive Move

[cryptokraze]

CryptoKraze here

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In this post I am going to cover technical analysis of $TKS for Mid short trade. I am using tradingview charts and price linked to Bittrex exchange. Let's have a look on technical aspects of $TKS.

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Possibility on 1 hour Chart

If you look at 1 hour chart, you will see TKS has made a big impulsive move and now it has to form a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pulls back and wait 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 to 50 level now, so we have pull back done and next impulsive move is ready. If we look at bollinger bands, the price has touched upper bands and now it will reach median line and then break above.

• I will have a buy entry at 0.00064000 with my profit target will be around 0.0085000 or above.
• Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

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Have a look on my other Posts

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Bitcoin Technical Insight by Crypto Kraze | We have started Journey to $24,000

Averaging Technique in Crypto Trading

Steem has formed Bullish Flag | We are going to hit $10

Crypto Kraze Trading Results | $XDN Call has given more than 200% Profits

Crypto Kraze Trading Results | 200% Profit made on $Nexus Trade

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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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Comments

[abhicrypto]

it was pumped by an youtuber , i got it for 64 . I am holding this for a week seeing it's low mcap . I hope it can go 2-5x from here !

[cryptokraze]

Just stay tuned we are coming with professional crypto trading setup. You will enjoy it

[razvanelulmarin]

dude, you pick the weirdest coins :))
following for a while to see how well you do :)

[cryptokraze]

Right now we have entered in new bull cycle. I am mostly sharing short term swing trades to ride the waves.

And I am trading mamy more coins as well but obviously cant share all here due to lack of time.

I am planning with my partner to bring on our crypto trading services on steemit.

We will be starting soon hopefully from next week and you can see the results and updates

[hhumaira]

thanks a lot for good information about bitcoin,crpto and so on....
I will learn a good things by this post..... many many thanks....

[blog-beginner]

Great post. I'm buying in

[vasil-danev]

Thanks for the info buddy !

[mominsdt]

Is it possible to get profit?

[mahmoudh]

[mahmoudh]

[riyad11]

this is an informative post.thanks for sharing...
i praise your activity...

[juliealexander]

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[mynameismax]

Good analysis..

[gireesh]

this would good

[talesfarias]

Very helpful post. Thanks for your time and let's profit some :)