MANA completed Shark upto 91% profit expected
Hi dear patrons, hope you are well and welcome to the new update on Decentraland.
Previous Shark move:
Previously we have seen that on the short-term 4-hour time period chart, the price action of MANA token with Bitcoin pair completed the final leg of Shark pattern and had a short bullish reversal move and hit the spike in sell zone and moved down.
Current Shark move:
Now this time on the daily time frame chart, the price action of Decentraland has formed another bullish reversal Shark move and entered the potential reversal zone. There is also 100 SMA support in the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000442 to 0.00000363 btc
Fibonacci projection or sell zone: 0.00000525 to 0.00000695 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000363 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 91%, and the loss possibility is 18%.
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.
Previous Shark move:
Previously we have seen that on the short-term 4-hour time period chart, the price action of MANA token with Bitcoin pair completed the final leg of Shark pattern and had a short bullish reversal move and hit the spike in sell zone and moved down.
Current Shark move:
Now this time on the daily time frame chart, the price action of Decentraland has formed another bullish reversal Shark move and entered the potential reversal zone. There is also 100 SMA support in the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000442 to 0.00000363 btc
Fibonacci projection or sell zone: 0.00000525 to 0.00000695 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000363 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 91%, and the loss possibility is 18%.
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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