CHZBTC formed bullish cypher | A good long opportunity
Priceline of Chiliz / Tether US has formed a bullish cypher and entered in potential reversal zone.
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
Volume profile of complete pattern is showing less interest of traders below potential reversal zone, but MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar so I would suggest to wait for MACD to turn weak bearish or bull cross from stochastic then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.006583 to 0.006239
Sell between: 0.006854 to 0.007505
Regards,
Atif Akbar (moon333)
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
Volume profile of complete pattern is showing less interest of traders below potential reversal zone, but MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar so I would suggest to wait for MACD to turn weak bearish or bull cross from stochastic then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.006583 to 0.006239
Sell between: 0.006854 to 0.007505
Regards,
Atif Akbar (moon333)
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