HBAR formed a big bullish Gartley for upto 220% huge move
Hi, dear patrons, hope you are well and welcome to the new update on Hedera Hashgraph (HBAR) coin.
On the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 50 simple moving average support in the buying zone.
Buy and sell targets:
Buy between: $0.1916 to $0.1198
Sell between: $0.2480 to $0.3836
Stop loss:
The maximum extent of the buying zone $0.1198 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 220%, and the loss possibility is 38%, however in order to minimize the loss,I would suggest using 50 simple moving average as stop loss..
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 weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 50 simple moving average support in the buying zone.
Buy and sell targets:
Buy between: $0.1916 to $0.1198
Sell between: $0.2480 to $0.3836
Stop loss:
The maximum extent of the buying zone $0.1198 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 220%, and the loss possibility is 38%, however in order to minimize the loss,I would suggest using 50 simple moving average as stop loss..
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
Trade closed: target reached