Ripple formed a bullish BAT | A good long opportunity
Updated
After successful completion of a bullish gartley pattern priceline of XRP / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
Volume profile of complete pattern is showing less interest of traders at this area.
But stochastic is strong bearish and has given bear cross moreover MACD is turned weak bullish from strong bullish, so here I would suggest to wait for MACD to turn back strong bullish or if the MACD will be turned strong bearish then wait for to turn it back to weak bearish or wait for bull cross from stochastic then take the long position.
The PRZ area should be used a stop loss zone if a complete candle stick will be closed below this area.
I have used Fibonacci sequence to set the targets.
Buy between: 0.25350 to 0.24754
Sell between: 0.25510 to 0.26309
Enjoy your profits and regards,
Atif Akbar (moon333)
Volume profile of complete pattern is showing less interest of traders at this area.
But stochastic is strong bearish and has given bear cross moreover MACD is turned weak bullish from strong bullish, so here I would suggest to wait for MACD to turn back strong bullish or if the MACD will be turned strong bearish then wait for to turn it back to weak bearish or wait for bull cross from stochastic then take the long position.
The PRZ area should be used a stop loss zone if a complete candle stick will be closed below this area.
I have used Fibonacci sequence to set the targets.
Buy between: 0.25350 to 0.24754
Sell between: 0.25510 to 0.26309
Enjoy your profits and regards,
Atif Akbar (moon333)
Trade closed: target reached
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