On 4-hour chart, the price action of Ethereum is completing the final leg of bullish BAT pattern, soon it will be entered in the potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $ 513.56 to $ 497.91
Fibonacci projection or sell zone: $ 550.86 to $ 607.51
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Stop Loss:
The potential reversal zone area that is up to $ 497.91 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 22% and as per the above-mentioned stop loss, the loss possibility is 3.1%.
Note: Above idea is for educational purpose only.
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