moon333

THETAUSDT forming bullish BAT | Upto 365% expected

Long
BINANCE:TFUELUSDT   Theta Fuel / TetherUS
Hi my friends hope you are well, there is another bullish wave possible by the price action of Theta fuel token.

Formation of bullish BAT pattern:
This time on 12 hour chart the Tfuel token is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone.

Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern and its Fibonacci sequence should be:

Buy between: $0.0066 to $0.0043

Sell between: $0.0120 to $0.0200

Stop Loss:
The potential reversal zone area that is up to $0.0043 can be used as stop loss in case of complete candle stick opens and closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 365% and as per above mentioned stop loss, the loss possibility is 38%

Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.

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Comments

Lol funny how your analysis changed in 2 hours
+1 Reply
Abo_Hanafy GamerOfThrone
@GamerOfThrone, The other chart is on the 4 H time frame and this one 12 H so we can assume that he expects a short bounce before dumping again to these levels.
Reply
GamerOfThrone Abo_Hanafy
@Abo_Hanafy, Well it was not the best one obviously
+1 Reply
Abo_Hanafy GamerOfThrone
@GamerOfThrone, Sure, but it hit 0.00995 so it's more than 10% quick profit.
Reply
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