Hi friends, hope you are well, and welcome to the new update on Perlin ( PERL ).
On the daily time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 25 simple moving average support in buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $0.2148 to $0.1926
Sell between: $0.2322 to $0.2741
Stop loss:
The maximum extent of potential reversal zone $0.1926 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 42% and the 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.
For more harmonic trading ideas you can join:
