MANABTC formed bullish butterfly | A good long opportunity
Priceline of Decentraland (MANA) / Bitcoin has formed a bullish butterfly pattern.
Even though the price action has already hit the sell zone but all indicators are still bullish therefore I am expecting that the priceline will take a proper bullish divergence and enter the sell zone completely.
RSI is oversold and moving up
MACD is strong bullish
Volume profile of complete pattern is showing less interest of traders at this area
The PRZ are can be used as stop loss in case of complete candle stick closes below the this area.
I have used Fibonacci sequence to set the targets.
Buy between: 0.00000303 to 0.00000227
Sell between: Sell between: 0.00000362 to 0.00000504
Regards,
Atif Akbar (moon333)
Even though the price action has already hit the sell zone but all indicators are still bullish therefore I am expecting that the priceline will take a proper bullish divergence and enter the sell zone completely.
RSI is oversold and moving up
MACD is strong bullish
Volume profile of complete pattern is showing less interest of traders at this area
The PRZ are can be used as stop loss in case of complete candle stick closes below the this area.
I have used Fibonacci sequence to set the targets.
Buy between: 0.00000303 to 0.00000227
Sell between: Sell between: 0.00000362 to 0.00000504
Regards,
Atif Akbar (moon333)
