ADAUSD formed a bullish BAT | a good buying opportunity
Updated
After completing the bullish gartley pattern now the price action of Cardano / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.038109 to 0.037835
Sell between: 0.038764 to 0.039747
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.038109 to 0.037835
Sell between: 0.038764 to 0.039747
Regards,
Atif Akbar (moon333)
Trade closed: target reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.