Blockstack (STX) Has Formed Bullish Cypher On Short Term Chart For Upto 20% Bullish Move
Blockstack (STX) Has Formed Bullish Cypher On Short Term Chart For Upto 20% Bullish Move

By moon333 | moon333 | 13 Feb 2020


Blockstack (STX) has completed the bullish Cypher pattern by its volatility.

The initial leg was started from Dec 2018 then A to B leg retraced between 0.382 to 0.618 Fibonacci and B to C leg projected between 1.272 to 1.414 of A to B leg's Fibonacci projection.

Now the C to D leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for bullish Cypher pattern.

Now the price action has entered in potential reversal zone to take the bullish divergence.

This potential reversal can be used as stop loss in case a complete candle stick closes below this level.

As per Fibonacci sequence the buying and sell ranges are as below:

 

Buy between: $0.1902 to $0.1708

 

Sell between: $0.2055 to $0.2055

 

This very short term 2 hour based charts has capacity to produce upto 20% profit.


moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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