moon333

NEOUSD has formed Gartley | Upto 33.8% rally expected

Long
BITFINEX:NEOUSD   NEO / U.S. Dollar
The previous idea of NEO produced more than 177% rally.

Now again on daily chart , the price action of NEO coin has formed Gartley pattern and reached in potential reversal zone.

Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:

Potential reversal or buying zone: $ 16.67 to $ 15.26
Fibonacci projection or sell zone: $ 17.77 to $ 20.42

Stop Loss:
The potential reversal zone area that is up to $ 15.26 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 33.8% and as per the above-mentioned stop loss, the loss possibility is 8.5%.

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.

Comments

I support your idea
+1 Reply
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