Ethereum Classic formed big Gartley for upto 229% bullilsh move
Hi friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
Previously we had a nice trade of ETC with BTC pair:
Now the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also an exponential moving average 21 support in the buying zone.
Buy and sell targets:
Buy between: 0.00131 to 0.0008062 btc
Sell between: 0.0017066 to 0.0026588 btc
Stop loss:
The maximum extent of potential reversal zone 0.0026588 btc can be used as stop loss. Or to minimize the risk we can use the EMA 21 weekly as our stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 229%, and the high loss possibility is 39% and in case we use the weekly EMA 21 as stop-loss then the loss possibility is up to 16%.
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 nice trade of ETC with BTC pair:
Now the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also an exponential moving average 21 support in the buying zone.
Buy and sell targets:
Buy between: 0.00131 to 0.0008062 btc
Sell between: 0.0017066 to 0.0026588 btc
Stop loss:
The maximum extent of potential reversal zone 0.0026588 btc can be used as stop loss. Or to minimize the risk we can use the EMA 21 weekly as our stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 229%, and the high loss possibility is 39% and in case we use the weekly EMA 21 as stop-loss then the loss possibility is up to 16%.
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.