In my previous post of SNGLS with Bitcoin pair we have seen that on 2 day based chart the SNGLS formed bullish Cypher pattern and as per prediction the priceline took a powerful bullish divergence from buying zone and produced more than 151% profit.
Before execution:
After producing more than 151% bullish rally:
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Formation of bearish Crab pattern:
Now this time on midterm 2 day chart the price action of SNGLS has formed bearish harmonic Crab pattern and entered in potential reversal zone and from here it can start a bearish move.
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Sell Targets:
The sell targets according to Fibonacci sequence of harmonic bearish Crab pattern should be:
Sell between: 0.00000182 to 0.00000215
Stop loss:
The potential reversal zone area that is up to 0.00000215 sats can be used as stop loss in case of complete candle stick closes above this level.
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.