In my previous post of SNGLS with Bitcoin pair we have seen that on 4 day based chart the SNGLS formed bullish Gartley pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 100% profit.
Formation of new Cypher pattern:
Now again on midterm 2 day chart the price action of SNGLS has formed bullish harmonic Cypher pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: 0.00000082 to 0.00000073 sats
Sell between: 0.00000088 to 0.00000104 sats
Stop Loss:
The potential reversal zone area that is up to 0.00000073 sats can be used as stop loss in case of complete candle stick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 42% and as per above mentioned stop loss, the loss possibility is 18%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Formation of new Cypher pattern:
Now again on midterm 2 day chart the price action of SNGLS has formed bullish harmonic Cypher pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: 0.00000082 to 0.00000073 sats
Sell between: 0.00000088 to 0.00000104 sats
Stop Loss:
The potential reversal zone area that is up to 0.00000073 sats can be used as stop loss in case of complete candle stick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 42% and as per above mentioned stop loss, the loss possibility is 18%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
