THETAUSDT forming bullish BAT | Upto 35% profit expected
Hi friends, hope you are well and welcome to the new update on Theta coin.
On the 12-hour time period chart, the price action of the Theta is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. After breaking down the 50 simple moving average support the pattern will be confirmed.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: $1.6311 to $1.5512
Fibonacci projection or sell zone: $1.8220 to $2.1102
Stop loss:
The maximum extent of potential reversal zone $1.5512 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 36% and the loss possibility is only 5%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
On the 12-hour time period chart, the price action of the Theta is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. After breaking down the 50 simple moving average support the pattern will be confirmed.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the BAT pattern should be:
Potential reversal or buying zone: $1.6311 to $1.5512
Fibonacci projection or sell zone: $1.8220 to $2.1102
Stop loss:
The maximum extent of potential reversal zone $1.5512 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has profit possibility of 36% and the loss possibility is only 5%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade