Ethereum Classic formed bullish BAT for upto 68% bullish move
Hi dear patrons, hope you are well and welcome to the new update on Ethereum classic coin with BTC pair.
Previously we have seen that the price action of ETC has formed bullish Cypher on the weekly time frame chart.
While it is moving in big Cypher the price action has also formed a bullish BAT pattern on the daily time frame chart.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: 0.0002281 to 0.0002077 btc
Sell between: 0.0002768 to 0.0003498 btc
Stop loss:
The maximum extent of potential reversal zone 0.0002077 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has big profit possibility of 68% and the loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Previously we have seen that the price action of ETC has formed bullish Cypher on the weekly time frame chart.
While it is moving in big Cypher the price action has also formed a bullish BAT pattern on the daily time frame chart.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Buy between: 0.0002281 to 0.0002077 btc
Sell between: 0.0002768 to 0.0003498 btc
Stop loss:
The maximum extent of potential reversal zone 0.0002077 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has big profit possibility of 68% and the loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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