Hi dear patrons, hope you are well and welcome to the new update on the GAS token with BTC pair.
On the 2-day time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 25 simple moving average support in buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.0002676 to 0.0002363 btc
Sell between: 0.0002922 to 0.0003513 btc
Stop loss:
The maximum extent of potential reversal zone to 0.0002363 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 48.5% and a loss possibility is 12.
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
On the 2-day time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 25 simple moving average support in buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.0002676 to 0.0002363 btc
Sell between: 0.0002922 to 0.0003513 btc
Stop loss:
The maximum extent of potential reversal zone to 0.0002363 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 48.5% and a loss possibility is 12.
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