Priceline of Moeda Loyalty Points / Bitcoin cryptocurrency has extended the bear leg and formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
We have 200 simple moving average support just below the potential reversal zone.
Volume profile is showing less interest of traders at PRZ level and MACD is turned weak bearish from strong bearish and Stochastic is likely to give bull cross very soon from oversold zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00009711 to 0.00008429
Sell between: 0.00011177 to 0.00014083
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
We have 200 simple moving average support just below the potential reversal zone.
Volume profile is showing less interest of traders at PRZ level and MACD is turned weak bearish from strong bearish and Stochastic is likely to give bull cross very soon from oversold zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00009711 to 0.00008429
Sell between: 0.00011177 to 0.00014083
Regards,
Atif Akbar (moon333)
