THETA formed a bull flag and bullish Gartley pattern
Hi dear patrons, hope you are well and welcome to the new update on Theta coin with Bitcoin pair.
On a daily time frame chart, the Theta has formed a bull flag.
While moving in the bull flag the price action has formed a bullish Gartley pattern on 4 hourly chart.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00022486 to 0.00021441 btc
Sell between: 0.00023309 to 0.00025284 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00021441 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 17.5% and the loss possibility is 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
On a daily time frame chart, the Theta has formed a bull flag.
While moving in the bull flag the price action has formed a bullish Gartley pattern on 4 hourly chart.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00022486 to 0.00021441 btc
Sell between: 0.00023309 to 0.00025284 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00021441 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 17.5% and the loss possibility is 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