Priceline of Ethereum / US Dollar has formed a bullish butterfly and entered in potential reversal zone. RSI is oversold. Volume profile of complete pattern is showing less interest of traders at PRZ area. I have usded Fibonacci sequence to set the targets and those targets are as below:
Buy between: 186.28 to 171.56 Sell between: 197.70 to 225.35
The MACD is strong bearish therefore I would suggest to take long position after when atleast 6hr MACD's histogram gives weak bearish signals.
Regards, Atif Akbar (moon333)
Trade closed: target reached
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By the grace of Allah the most high this trade gave more than 13 percent profit sofar.