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.
@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.
GamerOfThrone
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@Abo_Hanafy, Well it was not the best one obviously
Abo_Hanafy
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@GamerOfThrone, Sure, but it hit 0.00995 so it's more than 10% quick profit.