CHZBTC formed bullish cypher | Upto 21% profit potential
Priceline of Chiliz / Bitcoin has formed a bullish cypher and entered in potential reversal zone to hit sell targets soon insha Allah.
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
Volume profile of complete pattern is showing less interest of traders at this area.
But MACD is strong bearish and Stocastic is oversold but did not give bull cross so for secure trade we can wait either for MACD to change weak bearish or for stochastic to give bull cross then buy.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.00000063 to 0.00000060
Sell between: 0.00000066 to 0.00000073
Regards,
Atif Akbar (moon333)
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
Volume profile of complete pattern is showing less interest of traders at this area.
But MACD is strong bearish and Stocastic is oversold but did not give bull cross so for secure trade we can wait either for MACD to change weak bearish or for stochastic to give bull cross then buy.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.00000063 to 0.00000060
Sell between: 0.00000066 to 0.00000073
Regards,
Atif Akbar (moon333)
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