Holo Coin has well managed its position to be in top 50 cryptocurrencies out of more than 2300 coins as per coinmarketcap data, at the time of writing it is ranked at 44th position. Since July 2018 the price action of Holo / Bitcoin is moving within a descending triangle, on Oct 2019 the price action broke out the resistance and now after price correction the price action is again hitting at same support level of 0.0000007btc.
In the mean while the price action is also hitting the lower support of Bollinger bands and the Bollinger bands is squeezed and moving sideways the MACD is also bullish and in the meanwhile the price action is forming a bearish Shark pattern lets have a look on dimensions of this pattern.
After the initial X to A leg the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is retraced between 1.13 to 1.618 Fibonacci, sofar the pattern is perfectly driven as required for bearish shark pattern and now the priceline is moving in potential reversal zone of this pattern now here we have 3 supports.
1. The support of descending triangle
2. The Bollinger bands support
3. The firm support of potential reversal zone of bearish Shark
Now we can expect the bullish divergence at any time that will trigger the formation of final leg of Shark upto 1.13 to 1.618 Fibonacci however I have defined 2 types of targets one is secure targets between 0.382 to 0.786 Fibonacci and second is aggressive target upto the completion of Shark’s final leg as below:
Buy between: 0.00000013 to 0.00000005
Secure sell targets:
Sell between: 0.00000020 to 0.00000034
Aggressive sell targets (Upto the completion of shark's leg)
Sell between: 0.00000042 to 0.00000050
Enjoy your profits and regards,
Atif Akbar (moon333)
In the mean while the price action is also hitting the lower support of Bollinger bands and the Bollinger bands is squeezed and moving sideways the MACD is also bullish and in the meanwhile the price action is forming a bearish Shark pattern lets have a look on dimensions of this pattern.
After the initial X to A leg the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is retraced between 1.13 to 1.618 Fibonacci, sofar the pattern is perfectly driven as required for bearish shark pattern and now the priceline is moving in potential reversal zone of this pattern now here we have 3 supports.
1. The support of descending triangle
2. The Bollinger bands support
3. The firm support of potential reversal zone of bearish Shark
Now we can expect the bullish divergence at any time that will trigger the formation of final leg of Shark upto 1.13 to 1.618 Fibonacci however I have defined 2 types of targets one is secure targets between 0.382 to 0.786 Fibonacci and second is aggressive target upto the completion of Shark’s final leg as below:
Buy between: 0.00000013 to 0.00000005
Secure sell targets:
Sell between: 0.00000020 to 0.00000034
Aggressive sell targets (Upto the completion of shark's leg)
Sell between: 0.00000042 to 0.00000050
Enjoy your profits and regards,
Atif Akbar (moon333)
