Unifi Protocol DAO forming Cypher for upto 40% profit move.
This idea has been shared as private with complete targets on tradingview, I am also sharing the private chart's link for you but if you like to share with your friends then you can. If you face any problem accessing the chart then do let me know. Thanks
Hi dear patrons, hope you are well and welcome to the new update on Unifi Protocol DAO.
On the 4-hour time frame chart, the priceline of UNFI is completing the formation of a bullish Cypher pattern and soon it will be entered the buying zone. There is also 100 simple moving average support below the buying zone.
Buying and sell targets:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
Potential reversal or buying zone: $32.54 to $29.31
Fibonacci projection or sell zone: $35.07 to $41.17
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss, which is $29.31.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 40%, and the loss possibility is 10%.
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.
Hi dear patrons, hope you are well and welcome to the new update on Unifi Protocol DAO.
On the 4-hour time frame chart, the priceline of UNFI is completing the formation of a bullish Cypher pattern and soon it will be entered the buying zone. There is also 100 simple moving average support below the buying zone.
Buying and sell targets:
The buying zone starts form 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 as below:
Potential reversal or buying zone: $32.54 to $29.31
Fibonacci projection or sell zone: $35.07 to $41.17
Stop loss:
The maximum extent of potential reversal zone at 0.786 Fib level can be used as stop loss, which is $29.31.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 40%, and the loss possibility is 10%.
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.