Binance coin formed Gartley | Upto 19% profit expected
Hi patrons, hope you are well and welcome to the new update on Binance coin with Bitcoin pair.
On the daily time frame chart, the price action of BNB has formed a bull flag and within this bull flag, it has completed the final leg of the bullish Garltey and entered the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: 0.004640 to 0.004407 btc
Fibonacci projection or sell zone: 0.004823 to 0.005263 btc
Stop loss:
The maximum extent of potential reversal zone: .004407 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 19% and the loss possibility is 5.1%.
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 daily time frame chart, the price action of BNB has formed a bull flag and within this bull flag, it has completed the final leg of the bullish Garltey and entered the potential reversal zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: 0.004640 to 0.004407 btc
Fibonacci projection or sell zone: 0.004823 to 0.005263 btc
Stop loss:
The maximum extent of potential reversal zone: .004407 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 19% and the loss possibility is 5.1%.
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