POWRBTC formed bullish Gartley | Upto 114% bullish move expected
Hi Friends here I come again with another fruitful trading idea.
This time Power Ledger (POWR) 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:
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 Shark pattern should be:
Buy between: 0.00000961 to 0.00000733 sats
Sell between: 0.00001141 to 0.00001571 sats
So this time we can expect up to 114% powerful bullish move.
Stop Loss:
The potential reversal zone area which is up to 0.00000733 sats can be used as stop loss in case of complete candle stick closes below this level.
This time Power Ledger (POWR) 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:
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 Shark pattern should be:
Buy between: 0.00000961 to 0.00000733 sats
Sell between: 0.00001141 to 0.00001571 sats
So this time we can expect up to 114% powerful bullish move.
Stop Loss:
The potential reversal zone area which is up to 0.00000733 sats can be used as stop loss in case of complete candle stick closes below this level.
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