LTCUSD forming bullish Shark | Upto 12% move ahead
Hi fox hope you are well, here I have found another profit potential trading idea for you and this time on 6 hour chart the Litecoin (LTC) 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 Shark pattern should be:
Buy between: $56.78 to $55.22
Sell between: $58.56 to $62.15
Stop Loss:
The potential reversal zone area which is up to to $55.22 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 Shark pattern should be:
Buy between: $56.78 to $55.22
Sell between: $58.56 to $62.15
Stop Loss:
The potential reversal zone area which is up to to $55.22 can be used as stop loss in case of complete candle stick closes below this level.
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