Priceline of ChainLink / Tether US has formed a bullish butterfly pattern and hit the spike in potential reversal zone.
RSI has still space to drop more.
MACD is strong bearish.
Stochastic is likely to give bull cross soon.
Volume profile is showing less interest of traders.
Coz the RSI has still more room to drop and MACD is strong bearish therefore I am expecting that the price action will give another chance to buy within potential reversal zone insha Allah, moreover I will recommend for secure trade we can wait for MACD to turn weak bearish or stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 1.7628 to 1.4966
Sell between: 1.9694 to 2.4694
Regards,
Atif Akbar (moon333)
RSI has still space to drop more.
MACD is strong bearish.
Stochastic is likely to give bull cross soon.
Volume profile is showing less interest of traders.
Coz the RSI has still more room to drop and MACD is strong bearish therefore I am expecting that the price action will give another chance to buy within potential reversal zone insha Allah, moreover I will recommend for secure trade we can wait for MACD to turn weak bearish or stochastic bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 1.7628 to 1.4966
Sell between: 1.9694 to 2.4694
Regards,
Atif Akbar (moon333)
Trade closed: target reached
By the grace of Allah the most high this trade gave more than 35% profit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.