Priceline of NEM / Bitcoin cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
The price action is hitting the strong support at 0.00000477 sats which is not broken since 2016.
After hitting the support the MACD turned weak bearish from strong bearish.
RSI is already oversold.
Stochastic is oversold but did not give bull cross so for safe trade we can wait for bull cross from stochastic.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000495 to 0.00000189
Sell between: 0.00000728 to 0.00001298
Regards,
Atif Akbar (moon333)
The price action is hitting the strong support at 0.00000477 sats which is not broken since 2016.
After hitting the support the MACD turned weak bearish from strong bearish.
RSI is already oversold.
Stochastic is oversold but did not give bull cross so for safe trade we can wait for bull cross from stochastic.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000495 to 0.00000189
Sell between: 0.00000728 to 0.00001298
Regards,
Atif Akbar (moon333)
