Hi dear patrons, hope you are well and welcome to the new update on 1inch token with Bitcoin pair.
Previously we had a good trade of 1INCH.
Now on the daily time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 100 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: 0.00008786 to 0.00008079 btc
Sell between: 0.00009341 to 0.00010676 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.00008079 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 32% and the loss possibility is 9%.
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
Previously we had a good trade of 1INCH.
Now on the daily time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 100 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: 0.00008786 to 0.00008079 btc
Sell between: 0.00009341 to 0.00010676 btc
Stop loss:
The maximum extent of the potential reversal zone to 0.00008079 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 32% and the loss possibility is 9%.
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