ETHBEAR formed bullish BAT | Upto 71% big move expectedHi guys and gals hope you are well, on daily chart the 3X Short Ethereum Token (ETHBEAR) has formed bullish BAT pattern and entered in potential reversal zone to move up.
Lest’s dig the pattern deeper to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $12.81 to $11.61
Sell between: $15.67 to $19.94
Stop Loss:
The potential reversal zone area which is up to to $19.94 can be used as stop loss in case of complete candle stick closes below this level.
Ethbear
Short ETHUSDT 3X200 provides support. The channel is steep and if the trend continues I will take profit when it reaches the lower parallel.
ETHBEAR/USDT in uptrendsRising triangle show a good point for uptrend.
LONG
Entry:16.4
Take Profit:26.4
Stop Loss: 18.4
ETH BEAR USDT #ETHBEARUSDT (Short Term)
Buy: 15.60000000 - 14.82000000
Target 1: 16.06800000
Target 2: 16.69200000
Target 3: 17.94000000
Target 4: 20.28000000
Target 5: 23.40000000
Stoploss: 14.44950000
Invest: 3%
Risk/Reward: 5% / 54%
