Things to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price is consolidating in a narrow range
3. Contraction in Volume
4. Price forming Triangle pattern/Pennant
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
A couple of days ago i posted this:
My thoughts on this chart as of today:
- Were holding the 0.786 Fib nicely this obviously resulted in a continuation to the upside.
- We might be forming a new bullish triangle
- I expect at least an attempt to break the 1.618 fib lvl like we did in 2019
- As were currently in a new bull run i expect more volume than in 2019...
Hi friends hope you are will, on 3rd Jan 2020 the Holo (HOT) formed a bullish Shark pattern and I posted chart on this move as below:
The priceline took bullish divergence as predicted and produced more than 63% gains.
A Formation Of Another Bullish Shark Pattern:
Now the priceline of HOT has formed another harmonic bullish Shark pattern.
Let’s dig the pattern...
Priceline of world's 45th largest cryptocurrency Holo (HOT) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of HOT price action's moves:
After initial leg (X to A) the A to B leg is...
Price action of HOLO / Bitcoin has formed a bullish Gartley and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000009 to 0.00000008
Sell between: 0.00000010 to 0.00000012
Regards,
Atif Akbar (moon333)
