Hi friend hope you are doing wel, This time on weekly chart XRP with Bitcoin pair is forming a harmonic bullish Butterfly pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern and its Fibonacci sequence should be:
Buy between: 0.00002028 to 0.00001548 sats
Sell between: 0.00002400 to 0.00003300 sats
So this trade has capacity to produce upto 113% gains.
The potential reversal zone area that is up to 0.00001548 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 113% and as per above mentioned stop loss, the loss possibility is 23%
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Trading & TA
Trading & Technical Analysis