Soon Lite Coin (LTC) Will Complete The Bullish Crab Pattern For Big Bullish Move
Click here to visit tradingview for complete chart https://www.tradingview.com/gopro/?share_your_love=moon333 Hi Folks hope you are well, here I have found another profit potential trading idea and this time on 2 day chart the Lite coin (LTC) is forming bullish Crab pattern, we need some more drop and then soon it will be entered in potential reversal zone to move up. **Let’s dig this pattern deeper to examine how perfect this pattern is formed:**
After initial leg (X to A) the A to B leg is retraced between 0.328 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 1.27 to 161.8 Fibonacci then the priceline will be ready to take bullish or upwards move. **Buying And Sell Targets:** The buying and sell targets according to harmonic Crab pattern should be: Buy between: $22.75 to $5.83 Sell between: $35.88 to $67.63 So for example if the priceline will really move up to the maximum extent of potential reversal zone of buying area then this trade can produce up to 1060% massive profit. **Stop Loss:** The potential reversal zone area can be used as stop loss in case of complete candle stick 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 research before any investment.
No comments yet