Steem Has Formed BAT Pattern And Ready To Move Up For Upto 96% Big Gains

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Avatar for moon333
3 years ago

Hi friends hope you are will, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Steem. The Priceline of Steem has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.

Let’s have a look on the Steem’s move:

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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 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and 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 if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. We also have a 200 simple moving average in PRZ level that can be a strong support to push the price action up to 96%.


Buying And Sell Targets:

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

Buy between: $0.1593 to $0.1400

Sell between: $0.2053 to $0.2745 


Stop Loss:

The potential reversal zone area which is up to $0.14 can be used as stop loss in case of complete candle stick closes below this level.

$ 0.00
Avatar for moon333
3 years ago