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Cardanobitcoinlong

ADABTC formed bullish BAT | Upto 16% bullish moveHi folks, hope you are doing well. In my previous post on Cardano with Bitcoin pair we have seen that the ADA had completed the formation of bullish BAT pattern. This chart was based on 12 hour time period and as per Fibonacci sequence of BAT I predicted that the price action should move up from the potential reversal zone of this pattern to enter in the Fibonacci projection area of A to D leg from 0.382 to 0.786 Fib projection level. Then we have witnessed that the price action moved up and entered in the target sell zone. This time the Cardano gave more than 20% profit for its traders on a short term 12 hour chart. A new harmonic BAT pattern: This time again on 12 hour chart ADA has formed another harmonic bullish BAT pattern and entered in potential reversal zone. And giving another chance to earn more profits. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci level. Buying And Sell Targets: The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be: Buy between: 0.00000441 to 0.00000431 sats Sell between: 0.00000465 to 0.00000501 sats So this short term trade can has capacity to produce upto 16% profit. Stop Loss: The potential reversal zone area that is up to to 0.00000431 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
ADABTC formed bullish BAT | Upto 19% profit possibilityPriceline of Cardano / Bitcoin cryptocurrency has formed a bullish BAT and it is entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. We have 50 simple moving average and 100 SMA supports within this PRZ area and both Moving averages are expected to form a golden cross soon. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets, and this time I have defined buying zone from 0.618 to 0.886 of X to A Fibonacci projection: Buy between: 0.00000472 to 0.00000439 Sell between: 0.00000480 to 0.00000524 Enjoy your profits and regards, Atif Akbar (moon333)
Long
by moon333
ADAUSD forming a bullish Crab | A good long opportunityPriceline of Cardano / Bitcoin cryptocurrency has formed a bullish Crab pattern and it will be entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders here, but Stochastic did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy. I have used Fibonacci sequence to set the targets Buy between: 0.00000482 to 0.00000469 Sell between: 0.00000492 to 0.00000517 Enjoy your profits and regards, Atif Akbar (moon333)
Long
by moon333
4
ADABTC has hit the support of wedge and entered in PRZ of SharkPriceline of Cardano / Bitcoin cryptocurrency is moving within wedge and has hit the support. After hitting the support MACD is turned weak bearish from strong bearish and Stochastic has given bull cross. The price action has also formed a bearish Shark pattern and entered in potential reversal zone. I have defined targets using Fibonacci sequence. Buy between: 0.00000466 to 0.00000453 Sell between: 0.00000516 to 0.00000530 Regards, Atif Akbar (moon333)
Long
by moon333