1INCH formed another bullish Gartley for upto 25% rally
Hi dear patrons, hope you are well and welcome to the new update on the 1INCH token.
Previously we had a good trade by 1inch, that was a daily bullish Cypher pattern:
Now gain on the daily time frame chart, the price action has formed a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $4.24 to $3.97
Sell between: $4.46 to $4.97
Stop loss:
The maximum extent of potential reversal zone $3.97 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 25% and the loss possibility is 7%.
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.
Previously we had a good trade by 1inch, that was a daily bullish Cypher pattern:
Now gain on the daily time frame chart, the price action has formed a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $4.24 to $3.97
Sell between: $4.46 to $4.97
Stop loss:
The maximum extent of potential reversal zone $3.97 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 25% and the loss possibility is 7%.
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.