On long-term 2-week chart, the price action of Digibyte is completing final leg of bullish Shark and soon it will be reached in potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Shark pattern should be as below:
Potential reversal or buying zone: 0.00000080 to 0.00000021 btc
Fibonacci projection or sell zone: 0.00000134 to 0.00000255 btc
The potential reversal zone is quite wide, therefore we should start looking at different indicators to place out buying zone within this potential reversal zone and after getting confirmed signals we should buy. However, once the leg will be completed I will post another update on when to buy.
Possible profit ratio:
As per above targets this trade has a profit potential of 1100%%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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