Stellar (XLM) Will Complete The Bullish Butterfly Setup Soon For Upto 130% Move
Stellar (XLM) Will Complete The Bullish Butterfly Setup Soon For Upto 130% Move

By moon333 | moon333 | 9 Mar 2020


Hi fox hope you are well, here I have found another profit potential trading idea and this time on daily chart the Stellar (XLM) is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone to move up.

The Pattern:

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.

TPcoGS1W

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Buying And Sell Targets:

The buying and sell targets according to harmonic Butterfly pattern should be:

 

Buy between: $0.0454 to $0.0335

Sell between: $0.0546 to $0.0771

 

Stop Loss:

The potential reversal zone area which is up to $0.0335 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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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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