Long
MaidSafe - Bullish Bat (Low Buying Level)
What's up traders, today I'm looking at MAID/BTC on the 4h chart with a bullish bat pattern, this pattern completes near the all time low for MaidSafe and it's exactly why it caught my attention.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Credit to tradingview.com/u/KyleMcQuade/ for spotting this formation.
Right now price has decline by 52% and the overall correction at the PRZ is 64%.
Once the pattern completes I will update the idea before going long!
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Credit to tradingview.com/u/KyleMcQuade/ for spotting this formation.
Right now price has decline by 52% and the overall correction at the PRZ is 64%.
Once the pattern completes I will update the idea before going long!
Note
Pay close attention to this setup completing over the next 2 weeks.3200 is a solid buy zone for a long term hold.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.