ERDUSDT formed bullish BAT | Upto 19% bullish movePriceline of world's 187th ranked cryptocurrency Elrond (ERD) has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
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) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: $0.0016980 to $0.0016552
Sell between: $0.0018091 to $0.0019723
So this chart would be a good long opportunity for upto 19% bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Elrondtether
ERDUSDT forming bullish BAT | Upto 14.5% bullish move aheadPriceline of Elrond ( ERD ) / Tether US cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0019198 to 0.0018801
Sell between: 0.0020140 to 0.0021561
Regards,
Atif Akbar (moon333)
ERDUSDT formed bullish Shark | A good long opportunityPriceline of Elrond (ERD)/ US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0018636 to 0.0018373
Sell between: 0.0018888 to 0.0019429
Regards,
Atif Akbar (moon333)
ERDUSDT forming bullish Cypher | Upto 21.5% expectedPriceline of Elrond (ERD) / Tether US cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0015235 to 0.0014384
Sell between: 0.0015905 to 0.0017514
Regards,
Atif Akbar (moon333)
Elrond (Sept 16) #ERD $ERD #BTC $BTC #USDT $USDTBuy : Close to 16sts / 0.0017$ as possible
Sell : 20-22-24 / 0.002-0.0022-0.0024$
Mid-Hold : 25-30 / 0.0026-0.003$
Stop : 14 / 0.0015$
