On small time period one hour chart, the price action of New BitShares (NBS) is completing final leg of BAT pattern, and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.00676 to $0.00618
Fibonacci projection or sell zone: $0.00812 to $0.01019
Stop Loss:
The potential reversal zone area that is up to $0.00618 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 64% and as per the above-mentioned stop loss, the loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.00676 to $0.00618
Fibonacci projection or sell zone: $0.00812 to $0.01019
Stop Loss:
The potential reversal zone area that is up to $0.00618 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 64% and as per the above-mentioned stop loss, the loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
