moon333

ICXUSDT formed bullish Gartley | Upto 44.2% expected

Long
BINANCE:ICXUSDT   ICON / TetherUS
On daily chart , the price action of ICON (ICX) has completed the final leg of Gartley pattern and entered in potential reversal zone.

Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:

Potential reversal or buying zone: $0.3893 to $0.3475
Fibonacci projection or sell zone: $ 0.4222 to $ 0.5014

Stop Loss:
The potential reversal zone area that is up to $0.3475 can be used as stop loss in case of complete candlestick closes below this level.

Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 44.2% and as per the above-mentioned stop loss, the loss possibility is 11%.

Note: Above idea is for educational purpose only.
Trade closed: target reached

Comments

very logical outlook for ICX, I also think we got a great potential for a reversal over next few days.
+1 Reply
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