COSBTC formed bullish Gartley | 20% profit potential trade
Priceaction of Contentos (COS) / Bitcoin cryptocurrency has formed bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
But Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy otherwise the price action can move more down to form a bullish Crab .
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000217 to 0.00000205
Sell between: 0.00000226 to 0.00000248
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
But Stochastic did not give bull cross and MACD is strong bearish so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy otherwise the price action can move more down to form a bullish Crab .
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000217 to 0.00000205
Sell between: 0.00000226 to 0.00000248
Regards,
Atif Akbar (moon333)
