PIVX coin formed bullish Gartley for upto 42.5 move
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On daily chart, the price action has formed final leg of bullish Gartley pattern. There is also 50 simple moving average below the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00003220 to 0.00002884 btc
Sell between: 0.00003484 to 0.00004119 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00002884 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 42.5% and a loss possibility is 11.
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 daily chart, the price action has formed final leg of bullish Gartley pattern. There is also 50 simple moving average below the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00003220 to 0.00002884 btc
Sell between: 0.00003484 to 0.00004119 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00002884 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 42.5% and a loss possibility is 11.
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
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