XRP With Bitcoin Pair Has Formed Another Bullish BAT Pattern And Ready To Move Up

XRP With Bitcoin Pair Has Formed Another Bullish BAT Pattern And Ready To Move Up

By moon333 | moon333 | 20 Mar 2020


Hi folks hope you are doing good, in my previous idea of Ripple with Bitcoin pair we have seen that the XRP had formed a complete bullish BAT pattern and on 2 day chart. The formation of that pattern was started on 6th September 2019 and completed in December 2019 and we have seen that on 2nd Feb 2020 the price action moved up with the powerful divergence and produced more than 32% profit.

Before execution:KDnBQDBIf0ARx2tP9m4HfYDHjol19Im39YIy2QuW.png

Click here to visit tradingview to read previous article

 

After execution price action moved 32% up:

kYlTypJL9nFz8FZtjj8ApWv2shx6VOHBXNpq9sjj.png

 

Another bullish BAT pattern has been formed:

This time on 12 hour chart after successful formation of previous bullish BAT pattern the Ripple has formed another bullish BAT pattern and entered in potential reversal zone and ready to move up at any time.

 

Let’s dig the pattern deeper to see how perfect it has been formed.

After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now entered in potential reversal zone.

y1woZHyWnOs4xNOhSn3j6tazcdMC08F6PyHx2toC.png

Click here to visit complete chart on tradingview

 

Buying And Sell Targets:

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

 

Buy between: 0.00002573 to 0.00002519 sats

Sell betweeen: 0.00002703 to 0.00002896 sats

 

So this short term trade can produce upto 14% profit.

 

Stop Loss:

The potential reversal zone area that is up to to 0.00002519 sats can be used as stop loss in case of complete candle stick opens and 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.


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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