Hi Friends here I have found another fruitful trading idea.
This time Moeda Loyalty Points (MDA) with Bitcoin pair has formed harmonic pattern and that is bullish Gartley pattern.
Let’s dig the pattern deeper to see how perfect the pattern is formed:
tradingview.com/x/1C8Gu4x9/
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 leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: 0.00008064 to 0.00005877
Sell between: 0.00009780 to 0.00013877
So this time we can expect up to 114% powerful bullish move.
Stop Loss:
The potential reversal zone area which is up to 0.00005877 sats can be used as stop loss in case of complete candle stick closes below this level.
This time Moeda Loyalty Points (MDA) with Bitcoin pair has formed harmonic pattern and that is bullish Gartley pattern.
Let’s dig the pattern deeper to see how perfect the pattern is formed:
tradingview.com/x/1C8Gu4x9/
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 leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: 0.00008064 to 0.00005877
Sell between: 0.00009780 to 0.00013877
So this time we can expect up to 114% powerful bullish move.
Stop Loss:
The potential reversal zone area which is up to 0.00005877 sats can be used as stop loss in case of complete candle stick closes below this level.
