Hi, my friends hope you are well, there is another bullish wave possible by the price action of the BAND protocol token.
Formation of bullish BAT pattern:
This time on a 4-day chart the BAND token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:
Potential reversal or buying zone: 0.00040957 to 0.0002697 btc
Fibonacci projection or sell zone: 0.00074126 to 0.001246 btc
Stop Loss:
The potential reversal zone area that is up to 0.0002697 btc can be used as stop loss in case of complete candlestick opens and closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has the profit possibility of 361% and as per the above-mentioned stop loss, the loss possibility is 34%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Formation of bullish BAT pattern:
This time on a 4-day chart the BAND token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:
Potential reversal or buying zone: 0.00040957 to 0.0002697 btc
Fibonacci projection or sell zone: 0.00074126 to 0.001246 btc
Stop Loss:
The potential reversal zone area that is up to 0.0002697 btc can be used as stop loss in case of complete candlestick opens and closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has the profit possibility of 361% and as per the above-mentioned stop loss, the loss possibility is 34%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
