IOTAUSD formed bullish BAT | A good long opportunity
Priceline of IOTA / Tether US , US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at the PRZ level.
MACD is strong bearish and Stochastic is in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2739 to 0.2700
Sell between: 0.2751 to 0.2801
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at the PRZ level.
MACD is strong bearish and Stochastic is in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2739 to 0.2700
Sell between: 0.2751 to 0.2801
Regards,
Atif Akbar (moon333)
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