Moeda Loyalty Points ( MDA ) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
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 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
Buying And Sell Targets:
The buying and sell targets according to harmonic gartley pattern should be:
Buy between: 0.00007698 to 0.00007052 sats
Sell between: 0.00009244 to 0.00011549 sats
Stop Loss:
The potential reversal zone area which is up to 0.00007052 sats can be used as stop loss in case of complete candle sticks closes below this level.
I will be keep posting more trading ideas.
Lets have a look on the move of price action to see how perfect this pattern is driven:
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 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
Buying And Sell Targets:
The buying and sell targets according to harmonic gartley pattern should be:
Buy between: 0.00007698 to 0.00007052 sats
Sell between: 0.00009244 to 0.00011549 sats
Stop Loss:
The potential reversal zone area which is up to 0.00007052 sats can be used as stop loss in case of complete candle sticks closes below this level.
I will be keep posting more trading ideas.
