Hi dear patrons, hope you are well and welcome to the new update on Verge (XVG) coin with Bitcoin pair.
On the 2-day time frame chart, the price action has formed final leg of 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: 0.00000087 to 0.00000076 btc
Sell between: 0.00000096 to 0.00000117 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000076 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 53.5% and a loss possibility is 13.
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 2-day time frame chart, the price action has formed final leg of 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: 0.00000087 to 0.00000076 btc
Sell between: 0.00000096 to 0.00000117 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00000076 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 53.5% and a loss possibility is 13.
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