ETHUSD formed a bullish cypher | Upto 120% expected
Updated
Priceline of Ethereum / US Dollar has formed a bullish cypher pattern and entered in potential reversal zone.
We have a 50 simple moving average support within the potential reversal zone which can help the price action to hit the sell targets soon insha Allah.
But beware that MACD is still strong bearish and stochastic is oversold but did not give any bull cross sofar moreover the volume profile of complete pattern is showing that traders are still interested to trade below the potential reversal zone even the POC of volume profile is also below the PRZ area therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from stochastic RSI then buy.
I have defined targets using Fibonacci sequence:
Buy between: 190.30 to 143.09
Sell between: 227.21 to 316.18
Regards,
Atif Akbar (moon333)
We have a 50 simple moving average support within the potential reversal zone which can help the price action to hit the sell targets soon insha Allah.
But beware that MACD is still strong bearish and stochastic is oversold but did not give any bull cross sofar moreover the volume profile of complete pattern is showing that traders are still interested to trade below the potential reversal zone even the POC of volume profile is also below the PRZ area therefore I would suggest to wait for MACD to turn weak bearish or for bull cross from stochastic RSI then buy.
I have defined targets using Fibonacci sequence:
Buy between: 190.30 to 143.09
Sell between: 227.21 to 316.18
Regards,
Atif Akbar (moon333)
Trade closed: target reached
By the grace of Allah the most high this trade generated more than 100 percent profit
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