Hi my friends hope you doing good, there is another bullish wave possible by the price action of Theta token with Bitcoin pair as it is forming another harmonic pattern.
Formation of bullish Shark pattern:
This time on 6 hour chart the Theta token with BTC pair is forming a bullish Shark pattern and soon it will be entered in potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern and its Fibonacci sequence should be:
Buy between: 0.00002320 to 0.00001555 sats
Sell between: 0.00003286 to 0.00005126 sats
Stop Loss:
The potential reversal zone area that is up to 0.00001555 sats 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 229% 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.