On 4-hour chart, the price action of Litecoin is completing the final leg of bullish BAT pattern, soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAR pattern should be:
Potential reversal or buying zone: $ 70.44 to $ 67.57
Fibonacci projection or sell zone: $ 77.28 to $ 87.57
Stop Loss:
The potential reversal zone area that is up to $67.57 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 29.5% and as per the above-mentioned stop loss, the loss possibility is 4.1%.
Note: Above idea is for educational purpose only.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAR pattern should be:
Potential reversal or buying zone: $ 70.44 to $ 67.57
Fibonacci projection or sell zone: $ 77.28 to $ 87.57
Stop Loss:
The potential reversal zone area that is up to $67.57 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 29.5% and as per the above-mentioned stop loss, the loss possibility is 4.1%.
Note: Above idea is for educational purpose only.
