Hi dear patrons, hope you are well and welcome to the new update on AppCoins (APPC) with Bitcoin pair.
On the daily time frame chart, the price action has formed final leg of the bullish Gartley pattern. There is also 25 simple moving average support in the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000397 to 0.00000363 btc
Sell between: 0.00000423 to 0.00000486 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000363 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 33.5% and a 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
On the daily time frame chart, the price action has formed final leg of the bullish Gartley pattern. There is also 25 simple moving average support in the buying zone.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000397 to 0.00000363 btc
Sell between: 0.00000423 to 0.00000486 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000363 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 33.5% and a 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