Chainlink (Link) formed big Gartley for upto 62% rally
Hi dear patrons, hope you are well and welcome to the new update on Chainlilnk token with Bitcoin pair. There is also 100 simple moving average support in the buying zone.
On the weekly time period chart, the price action of LINK has completed the formation of another bullish harmonic Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.0005172 to 0.0004417 btc
Sell between: 0.0005766 to 0.0007193 btc
Stop loss:
The maximum extent of potential reversal zone: to 0.0004417 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 62% and the loss possibility is 15%.
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 weekly time period chart, the price action of LINK has completed the formation of another bullish harmonic Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.0005172 to 0.0004417 btc
Sell between: 0.0005766 to 0.0007193 btc
Stop loss:
The maximum extent of potential reversal zone: to 0.0004417 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 62% and the loss possibility is 15%.
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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