TRXBTC formed bullish Cypher | Upto 29% bullish move expected

23 thg 2, 2020

Price actions of Tron (TRX) with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone.


Lets have a look on the TRX priceline's move:

After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action is entered in potential reversal zone of this bullish Cypher pattern, Now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 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 BAT pattern should be:

Buy between: 0.00000206 to 0.00000191 sats

Sell between: 0.00000219 to 0.00000247 sats



Stop Loss:

The potential reversal zone area which is up to 0.00000191 sats can be used as stop loss in case of complete candle sticks closes below this level.



I will be keep posting more trading ideas.