The Band Protocol Token Has Formed Bullish BAT And Ready For Upto 44% Bullish Rally

The Band Protocol Token Has Formed Bullish BAT And Ready For Upto 44% Bullish Rally

By moon333 | moon333 | 11 May 2020


In my previous post of BAND with US dollar pair we have seen that on short term hourly based chart the BAND formed bullish Cypher pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 10% profit on this very short term chart.

Previous idea before execution:

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Click here to visit previous idea on tradingview

 

Previous idea before execution:

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Formation of new BAT pattern:

Now again on short term 6 hour chart the price action of BAND has formed bullish harmonic BAT pattern and entered in potential reversal zone.

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Buying And Sell Targets:

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

Buy between: $0.8835 to $0.8309

Sell between: $1.0088 to $1.1982


Stop Loss:
The potential reversal zone area that is up to $0.8309 can be used as stop loss in case of complete candle stick closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 44% and as per above mentioned stop loss, the loss possibility is 6%.

Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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