Hi fox hope you are well, here I have found another profit potential trading idea and this time on 2 day chart the AION coin is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone to move up.
After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 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) should be retraced between 1.27 to 161.8 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Buy between: $0.0896 to $0.0621
Sell between: $0.1110 to $0.1631
So this trade has up to 162% big profit possibility.
The potential reversal zone area which is up to $0.0621 can be used as stop loss in case of complete candle stick closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
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