Short-term BULLish TRX/TRON - BTC

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

Comentário:

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.

Comentário:

Looking good! Bounced faster than expected, 500 sats target 1 still.

Comentário:

Target 1 hit as predicted.

Trade fechado: objetivo atingido:

Target #2 hit: 600 sats

Buy-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.