LINKBTC formed bullish Shark | A good long opportunity
After formation of bullish gartley pattern the priceline of Chainlink / Tether US cryptocurrency has formed another harmonic bullish Shark pattern 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.
Volume profile is showing less interest of traders here.
We have a strong support of 100 simple moving average within the PRZ area but Stochastic is oversold and 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: 0.00020778 to 0.00020611
Sell between: 0.00020986 to 0.00021383
Regards,
Atif Akbar (moon333)
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.
We have a strong support of 100 simple moving average within the PRZ area but Stochastic is oversold and 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: 0.00020778 to 0.00020611
Sell between: 0.00020986 to 0.00021383
Regards,
Atif Akbar (moon333)
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