IoTeX (IOTX) formed bullish Gartley | A good long opportunity
Hi dear patrons, hope you are well and welcome to the new update on IoTeX (IOTX) coin.
On the hourly time frame chart, the price action has formed final leg of bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $/0.0746 to $0.0724
Sell between: $0.0763 to $0.0805
Stop loss:
The maximum extent of potential reversal zone to $0.0724 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 11% and a loss possibility is 3.
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 hourly time frame chart, the price action has formed final leg of bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $/0.0746 to $0.0724
Sell between: $0.0763 to $0.0805
Stop loss:
The maximum extent of potential reversal zone to $0.0724 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 11% and a loss possibility is 3.
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