KNCBTC forming bullish BAT | Upto 12% move on hourly chart
Hi friends hope you are well, here I have found another profit potential trading idea for you and this time Kyber Network (KNC) is forming bullish BAT pattern and soon it will be entered in potential reversal zone to move up.
The Pattern:
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) should be retraced between 0.786 to 0.886 Fibonacci then the price action will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00007277 to 0.00007152 sats
Sell between: 0.00007571 to 0.00008014 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00007152 can be used as stop loss in case of complete candle stick closes below this level.
Regards,
Atif Akbar (moon333)
The Pattern:
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) should be retraced between 0.786 to 0.886 Fibonacci then the price action will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00007277 to 0.00007152 sats
Sell between: 0.00007571 to 0.00008014 sats
Stop Loss:
The potential reversal zone area which is up to to 0.00007152 can be used as stop loss in case of complete candle stick closes below this level.
Regards,
Atif Akbar (moon333)
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