The Stellar (XLM) Has Formed Bearish BAT | Be Ready For The Possible Drop
The Stellar (XLM) Has Formed Bearish BAT | Be Ready For The Possible Drop

By moon333 | moon333 | 9 Apr 2020


Formation of bearish BAT:

This time on daily chart the price action of Stellar (XLM) with Bitcoin pair has formed bearish harmonic BAT pattern and entered in potential reversal zone. There priceline also has found 200 simple moving average resistance that will also push down the price action.

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Where we should place sell orders?:

As per Fibonacci sequence of bearish BAT the sell order can be placed between: 0.00000701 to 0.00000716 sats

 

Stop Loss:

The potential reversal zone area which is up to 0.00000716 sats can be used as stop loss in case of complete candle sticks closes below this level.

 

 

 

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.


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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