Lets have a look on the priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's and final (C to D) leg is suppose to be retraced between 127 to 1.618 Fibonacci for a perfect and then the price action will be entered in potential reversal zone of this pattern, then we can expect at any time which will lead the priceline between 0.382 to 0.786 of A to D leg, but after this if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $0.00113053 to $0.00077098
Sell between: $0.00140711 to $0.00208915
So this chart has potential to give upto 170% big gains.
Atif Akbar (moon333)
The moves analysis involves hours of hard work and determination however the success of trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the moves as per predefined classical pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.