The leading crypto currency has confirmed the gartley's pattern by its move on month chart insha Allah, we have a very strong support of 50MA beneath the potential reversal zone, the priceline has been already repelled from this support.
The price action is retraced between 0.618 to some how more than 0.786 fibonacci and now after getting bounced nearby 50MA the 1st ever heikin ashi green candle stick is appeared since Feb 2018 indicating the bulls are taking over and bears are loosing control.
The stochastic and MACD already have given bull crosses on 2 weeks chart soon it will be reflected on month chart, many other technical indicators have given bull signals on up-to 3 weeks chart.
The reversal in above developments is very difficult.
The gartley is confirmed but as the price action also retraced bit more than 0.786 (between 0.786 to 0.886) fibonacci indicating that we can expect the shark as well insha Allah.
So I have defined both patterns and their targets and those are as below:
In case of gartley:
Buy between: $7599.0 to $4255.1
Sell between: $10228.0 to $18225.8
In case of shark:
Buy between: 7513.78 to 2245.68
Sell between: 21930.64 to 30426.60
Remember this is long term trade.
Regards,
Atif Akbar (moon333)
The price action is retraced between 0.618 to some how more than 0.786 fibonacci and now after getting bounced nearby 50MA the 1st ever heikin ashi green candle stick is appeared since Feb 2018 indicating the bulls are taking over and bears are loosing control.
The stochastic and MACD already have given bull crosses on 2 weeks chart soon it will be reflected on month chart, many other technical indicators have given bull signals on up-to 3 weeks chart.
The reversal in above developments is very difficult.
The gartley is confirmed but as the price action also retraced bit more than 0.786 (between 0.786 to 0.886) fibonacci indicating that we can expect the shark as well insha Allah.
So I have defined both patterns and their targets and those are as below:
In case of gartley:
Buy between: $7599.0 to $4255.1
Sell between: $10228.0 to $18225.8
In case of shark:
Buy between: 7513.78 to 2245.68
Sell between: 21930.64 to 30426.60
Remember this is long term trade.
Regards,
Atif Akbar (moon333)
