Hi traders hope you are good, In my previous post of Theta token we have seen that on daily chart the Theta formed bullish Gartley pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 117% profit.
Previous Gartley before execution:
Previous Gartley after producing 117% gains:
Click here to visit this previous idea of Gartley pattern on tradingview
Formation of new harmonic bullish Shark pattern:
This time on short term 6 hour chart the Theta token is forming a harmonic bullish Shark pattern and soon it will be entered in potential reversal zone.
Click here to create free account on tradingview to watch and play the chart on realtime
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern and its Fibonacci sequence should be:
Buy between: $0.2148 to $0.1440
Sell between: $0.2955 to $0.4559
Stop Loss:
The potential reversal zone area that is up to $0.1440 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 216% and as per above mentioned stop loss, the loss possibility is 33%
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.