Hi dear patrons, hope you are well and welcome to the new update on Cosmos coin.
On the 4-hour time frame chart, the priceline of ATOM has completed the formation of a bullish Cypher pattern and entered the buying zone.
Buying and sell targets:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
Potential reversal or buying zone: $18.65 to $17.74
Fibonacci projection or sell zone: $19.36 to $21.09
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss, that is $17.74.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 18.5%, and the loss possibility is 5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the 4-hour time frame chart, the priceline of ATOM has completed the formation of a bullish Cypher pattern and entered the buying zone.
Buying and sell targets:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
Potential reversal or buying zone: $18.65 to $17.74
Fibonacci projection or sell zone: $19.36 to $21.09
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss, that is $17.74.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 18.5%, and the loss possibility is 5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.