Hey friends, hope you are well and welcome to the new update on the Zilliqa coin.
On a daily chart, the price action of ZIL has completed the final leg of bullish harmonic Shark pattern and entered a potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets according to the Fibonacci sequence of harmonic Shark pattern should be:
Potential reversal or buying zone: 0.00000132 to 0.00000115 btc
Fibonacci projection or sell zone: 0.00000149 to 0.00000186 btc
Stop Loss:
The potential reversal zone area that is up to 0.00000115 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets, this trade has a profit possibility of 61% and as per the above-mentioned stop loss, the loss possibility is 13%.
Note: The idea above is for educational purpose only, do not take it as investment advice.
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