Long
IDEX formed bullish Gartey for upto 20% move
Hi dear patrons, hope you are well and welcome to the new update on IDEX token with Bitcoin pair.
On the 4-hour time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 100 simple moving average support in the potential reversal zone
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000261 to 0.00000247 btc
Sell between: 0.00000271 to 0.00000297 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000247 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 20% and the loss possibility is 6%.
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 the 4-hour time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 100 simple moving average support in the potential reversal zone
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000261 to 0.00000247 btc
Sell between: 0.00000271 to 0.00000297 btc
Stop loss:
The maximum extent of potential reversal zone 0.00000247 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 20% and the loss possibility is 6%.
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
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.
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.