SCBTC forming bullish Shark | Upto 142% Move ahead
Updated
Hi friends hope you are well, here I have found another profit potential trading idea for you and this time on 12 hour chart the Siacoin (SC) is forming bullish Shark pattern and soon it will be entered in potential reversal zone to move up.
The Pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00000018 to 0.00000014
Sell between: 0.00000023 to 0.00000034
Stop Loss:
The potential reversal zone area which is up to to 0.00000014 can be used as stop loss in case of complete candle stick closes below this level.
The Pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00000018 to 0.00000014
Sell between: 0.00000023 to 0.00000034
Stop Loss:
The potential reversal zone area which is up to to 0.00000014 can be used as stop loss in case of complete candle stick closes below this level.
Trade closed: target reached
By the grace of Allah the most high this trade plan produced more than 50% rally
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.