Priceline of QLC CHAIN / Bitcoin cryptocurrency is failed in breakout the 200 simple moving average and has formed a bullish cypher and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
Volume profile of complete pattern is showing less interest of traders at this area, but MACD is strong bearish Stocastic is oversold but did not give bull cross sofar so we can wait for bull cross signal from stochastic or for MACD to turn bullish again.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000179 to 0.00000154
Sell between: 0.00000199 to 0.00000247
Regards,
Atif Akbar (moon333)
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
Volume profile of complete pattern is showing less interest of traders at this area, but MACD is strong bearish Stocastic is oversold but did not give bull cross sofar so we can wait for bull cross signal from stochastic or for MACD to turn bullish again.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000179 to 0.00000154
Sell between: 0.00000199 to 0.00000247
Regards,
Atif Akbar (moon333)
