Price actions of world's 7th largest cryptocurrency EOS with Bitcoin pair is forming bullish Shark pattern and expected to enter in bullish potential reversal zone soon.

Lets have a look on the dimensions of EOS priceline's move:

After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and now the final (C to D) leg should be retraced between 0.886 to 1.13 Fibonacci and the formation of this last leg has been started and will be completed soon and we will enter in potential reversal zone.

As above harmonic Shark pattern our targets should be as below:

Buy between: 0.0003163 to 0.0002942



Sell between: 0.0003402 to 0.0003903

So as per above targets this move has potential to give upto 32 percent gains, however we can set our stop loss point below the potential reversal zone of this pattern in case of complete candle stick closes below this area.

Regards,

Atif Akbar (moon333)

The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.