Since 10 Aug to 9 oct the priceline was formatting a CUP AND HANDLE pattern at this time the candles are in handle position, from here ZRXBTC is likely to format a cypher pattern coz the price action is not dropped more than 0.618 of X to A leg after making high on 17 oct. A golden cross of 50 and 100MA is already witnessed on 6 Nov which can give more lift to price action. For more confirmation here I have used volume profile fixed range from 17 July to 11 Nov and it is showing the power of bulls ha capacity to lift the priceline upto 0.0001655 as I have mentioned the targets on chart. In my point of view this is the right time to enter in trade.
Regards,
Atif Akbar (Moon333)
Regards,
Atif Akbar (Moon333)
Ordine annullato:
Massive sell of has invalidated the cypher pattern now the priceline has dropped upto 0.786 fib retracement the zrx will be likely to form a Gartley plz follow my new post according to new pattern formation.