Waltonchain (WTC) formed bullish Shark for upto 17.5% move
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On the 4-hr time frame chart, the price action of WTC has formed the final leg of bullish Shark.
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: 0.0000319 to 0.0000306 btc
Sell between: 0.0000332 to 0.0000360 btc
Stop loss:
The maximum extent of potential reversal zone to 0.0000306 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 17.5%, and the high loss possibility upto 4.5%.
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.
On the 4-hr time frame chart, the price action of WTC has formed the final leg of bullish Shark.
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: 0.0000319 to 0.0000306 btc
Sell between: 0.0000332 to 0.0000360 btc
Stop loss:
The maximum extent of potential reversal zone to 0.0000306 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 17.5%, and the high loss possibility upto 4.5%.
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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