Ripple (XRP) has formed bullish gartley for good long opportunity | IOTA formed bullish BAT for 11% bullish move

Ripple (XRP) has formed bullish gartley for good long opportunity | IOTA formed bullish BAT for 11% bullish move

By moon333 | moon333 | 1 Nov 2019


Priceline of IOTA / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.

This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.

As in below figure we can see after initial leg the A to B leg is retraced 0.50 Fibonacci and for A to B leg of BAT we need retracement from 0.382 to 0.50 Fibonacci then B to C leg is retraced 0.644 Fibonacci and for perfect B to C leg of BAT wee need retracement from 0.382 up to 0.886 Fibonacci, then final leg from C to D is retraced from 0.786 to 0.886 and here we have a perfect BAT formation.

351665157-adfbedb9b7e4b3853c3d86ecd6a7c5f47223c7f75dfe90613a13dd6ce87b78fd.png

 

 

 

Now we can target the projection of A to D leg from 0.382 to 0.786 Fibonacci as below:

351665157-37b5077205e4f955284e1a7354d3746f73176c9fb95e831b048d86bf893804d8.png

 

The buying and sell targets should be:

Buy between: 0.2673 to 0.2631

Sell between: 0.2772 to 0.2921

 

So this would be 11% potential trade.

 

XRP / USD:

The priceline of XRP / US Dollar has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.

After initial leg the A to B leg is retraced between 0.618 to 0.786 Fibonacci as required for Gartley and B to C leg is retraced between 0.382 to 0.886 Fibonacci which is a perfect Gartley's B to C leg then final C to D leg is retraced between 0.618 to 0.786 Fibonacci and here we have all legs perfectly driven for Gartley pattern.

Now we can target the projection of A to D leg from 0.382 to 0.786 Fibonacci as below:

351665157-7d6c061eeb97a92f63cea5999333ae85dd6a7e7f6fecc9b9eea3aef0bc9b80b5.png

 

Buy between: 0.29234 to 0.29081

Sell between: 0.29357 to 0.29644

 

So this is a good long opportunity on 2hr short term chart


Regards,
Atif Akbar (moon333)

 

 


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.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.