In my previous post of SNGLS with Bitcoin pair we have seen that on 2 day based chart the SNGLS formed bullish Cypher pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 151% profit.
After producing more than 151% bullish rally:
Formation of bearish Crab pattern:
Now this time on midterm 2 day chart the price action of SNGLS has formed bearish harmonic Crab pattern and entered in potential reversal zone and from here it can start a bearish move.
The sell targets according to Fibonacci sequence of harmonic bearish Crab pattern should be:
Sell between: 0.00000182 to 0.00000215
The potential reversal zone area that is up to 0.00000215 sats can be used as stop loss in case of complete candle stick closes above this level.
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.
Trading & TA
Trading & Technical Analysis