Basic Attention Token Has Formed Big Bullish Gartley Pattern And Ready For Upto 59% Bullish Rally | BAT Long Term Analysis

moon333 (54)in #basicattentiontoken • 5 years ago

A formation of big bullish harmonic Gartley pattern:

At one side the Basic Attention Token with Bitcoin pair has formed a very big bullish Shark pattern on 2 month chart that I have already shared however for reminder I will again share that 2 month bullish Shark chart again.

Very big bullish Shark on 2 month chart:

Click here to visit tradingview to read this old article

Within that big bullish Shark pattern on 2 week chart the BAT has formed a big bullish Gartley pattern that can also help the execution of bullish Shark pattern that is formed on 2 month time period charts.

Let’s dig the pattern deeper to see how perfect it has been formed.

Intial leg was started in Sep 2019 and ended on Oct 2019, after initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.618 to 0.786 Fibonacci and now entered in potential reversal zone.

Gartley pattern:

Click here to visit tradingview to see the complete chart

Buying And Sell Targets:

The buying and sell targets according to harmonic Gartley pattern should be:

Buy between: 0.00002289 to 0.00001973 sats

Sell between: 0.00002539 to 0.00003138 sats

So this trade can has capacity to produce upto 59% big profit.

Stop Loss:

The potential reversal zone area that is up to to 0.00001973 sats can be used as stop loss in case of complete candle stick opens and closes below this level.

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.

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