Binance coin formed bullish Shark for upto 22% profit move
Hi friends, hope you are well and welcome to the new update on Binance coin with Bitcoin pair.
Previously we had a good trade of Gartley pattern by BNB with BTC pair:
Now again on the 12-hour time period chart, the price action of BNB coin with Bitcoin pair has completed the formation of another bullish harmonic move and this time we have a bullish Shark move.
On the other hand, the Bitcoin is rejected by the resistance of an up channel, therefore the Binance coin can grow more against the BTC:
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: 0.004578 to 0.004333 btc
Sell between: 0.004797 to 0.005288 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.004333 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 22%,%, and the high loss possibility upto 6%.
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.
Previously we had a good trade of Gartley pattern by BNB with BTC pair:
Now again on the 12-hour time period chart, the price action of BNB coin with Bitcoin pair has completed the formation of another bullish harmonic move and this time we have a bullish Shark move.
On the other hand, the Bitcoin is rejected by the resistance of an up channel, therefore the Binance coin can grow more against the BTC:
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: 0.004578 to 0.004333 btc
Sell between: 0.004797 to 0.005288 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.004333 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 22%,%, and the high loss possibility upto 6%.
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.