1INCH formed another bullish Gartley for upto 32% rally

By moon333 | moon333 | 11 May 2021


Hi dear friend, hope you are well and welcome to the new update on 1inch token with Bitcoin pair.

Previously we had a good trade of 1INCH.

DvECL3Uq_big.png

https://www.tradingview.com/chart/1INCHUSDT/DvECL3Uq-1INCH-formed-another-bullish-Gartley-for-upto-25-rally/ 

 

Now on the daily 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 buying zone.

BfBOWnaD

https://www.tradingview.com/chart/1INCHBTC/WP3WzYqj-1INCH-formed-another-bullish-Gartley-for-upto-32-rally/ 

 

Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00008786 to 0.00008079 btc

Sell between: 0.00009341 to 0.00010676 btc

Stop loss:
The maximum extent of the potential reversal zone to 0.00008079 btc can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 32% and the loss possibility is 9%.


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.

 

For more harmonic trading ideas you can join:

https://www.patreon.com/moon333

 

Link for Binance exchange, the best place to buy or sell Crypto:

https://www.binance.com/?ref=11256882

How do you rate this article?


4

0

moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.