Long
Zilliqa formed big Gartley for upto 91.5% rally
Hi friends hope you are well, and welcome to the new update on Zilliqa coin.
After today's drop, on the long-term weekly time frame chart, the priceline of Zilliqa with Bitcoin pair has completed the final leg of the bullish Gartley pattern and entered the potential reversal zone. There are 25 SMA within buying zone and 50 simple moving average below this level as well.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000214 to 0.00000171 btc
Sell between: 0.00000247 to 0.00000328 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000171 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 91.5%, and the loss possibility is 21%.
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
After today's drop, on the long-term weekly time frame chart, the priceline of Zilliqa with Bitcoin pair has completed the final leg of the bullish Gartley pattern and entered the potential reversal zone. There are 25 SMA within buying zone and 50 simple moving average below this level as well.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000214 to 0.00000171 btc
Sell between: 0.00000247 to 0.00000328 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000171 btc can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 91.5%, and the loss possibility is 21%.
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
Atif Akbar
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Atif Akbar
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.