Hi dear partons, hope you are well and welcome to the new update on Tron (TRX).
Due to extreme sell-off, the price action of TRX has changed its move from bullish Cypher to bullish Gartley, and now on the 2-day time frame chart, the price action has completed the final leg of another Gartley pattern. There is also 100 simple moving average support below the buying zone of this harmonic pattern.
Buying and sell targets:
Buy between: $0.0922 to $0.0683
Sell between: $0.1110 to $0.1561
Stop loss:
The maximum extent of the potential reversal zone to $0.0683 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 128% and a loss possibility is 26%.
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
Due to extreme sell-off, the price action of TRX has changed its move from bullish Cypher to bullish Gartley, and now on the 2-day time frame chart, the price action has completed the final leg of another Gartley pattern. There is also 100 simple moving average support below the buying zone of this harmonic pattern.
Buying and sell targets:
Buy between: $0.0922 to $0.0683
Sell between: $0.1110 to $0.1561
Stop loss:
The maximum extent of the potential reversal zone to $0.0683 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 128% and a loss possibility is 26%.
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