MDABTC has formed bullish BAT pattern | Upto 408% possibility
Priceline of Moeda Loyalty / Bitcoin Cryptocurrency has formed bullish BAT pattern.
The A to B leg was retraced almost 0.50 Fibonacci and also gave a spike upto almost 0.618 so here the MDA had only two choices whether to form a bullish gartlay and make a D leg upto 0.786 fibonacci or to form bullish BAT pattern and form a D leg upto 0.886 Fibonacci.
(I don't think so it will go for bullish butterfly the reasons I have below)
In previous chart I was expecting a gartley therefore I published a gartley's chart but now the D leg is retraced upto 0.886 Fibonacci so now the bullish BAT pattern is confirmed insha Allah.
Now the D leg is entered in potential reversal zone.
RSI is entered in oversold zone.
Volume profile is showing weak interest of traders here.
MACD upto 2 week chart is turning bullish:
Upto 2 week chart stochastic has given bull cross:
Soon the MACD and Stochastic will be turned bullish on month chart.
I am expecting that the next candle stick will be closed sideways within this potential reversal zone therefore if we want to enter in safe and sound then we can wait for next candle stick.
I have used Fibonacci sequence to set the targets as below:
Buy between: 0.00006993 to 0.00011085
Sell between: 0.00020861 to 0.00035528
Enjoy your profits and regards,
Atif Akbar (moon333)
The A to B leg was retraced almost 0.50 Fibonacci and also gave a spike upto almost 0.618 so here the MDA had only two choices whether to form a bullish gartlay and make a D leg upto 0.786 fibonacci or to form bullish BAT pattern and form a D leg upto 0.886 Fibonacci.
(I don't think so it will go for bullish butterfly the reasons I have below)
In previous chart I was expecting a gartley therefore I published a gartley's chart but now the D leg is retraced upto 0.886 Fibonacci so now the bullish BAT pattern is confirmed insha Allah.
Now the D leg is entered in potential reversal zone.
RSI is entered in oversold zone.
Volume profile is showing weak interest of traders here.
MACD upto 2 week chart is turning bullish:
Upto 2 week chart stochastic has given bull cross:
Soon the MACD and Stochastic will be turned bullish on month chart.
I am expecting that the next candle stick will be closed sideways within this potential reversal zone therefore if we want to enter in safe and sound then we can wait for next candle stick.
I have used Fibonacci sequence to set the targets as below:
Buy between: 0.00006993 to 0.00011085
Sell between: 0.00020861 to 0.00035528
Enjoy your profits and regards,
Atif Akbar (moon333)
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