YFIUSDT completing final leg of BAT| Upto 23% move expected
The previous idea produced more than 281% profit:
Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below:
Potential reversal or buying zone: $21128 to $ 19773
Sell or Fibonacci projection zone: $ 29342.54 to $ 24359
Stop Loss:
The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below:
Potential reversal or buying zone: $21128 to $ 19773
Sell or Fibonacci projection zone: $ 29342.54 to $ 24359
Stop Loss:
The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
