IOTA formed big bullish Gartley for upto 264% rally
Hey dear patrons, hope you are well, and welcome to the new update on IOTA (MIOTA) coin.
During the previous market crash, IOTA formed a big bullish Cypher which I shared as below:
Now during the current market drop on a weekly chart, IOTA has formed a bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $0.8961 to $0.5738, but we have strong support at $0.69, therefore the buying zone can be from: $0.8961 to $0.69
Sell between: $1.34 to $1.8266
Stop loss:
Below $0.69
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 264% , and loss possibility 23%. But right now it is 23% as iota is being traded at $0.85, at the time of writing.
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
During the previous market crash, IOTA formed a big bullish Cypher which I shared as below:
Now during the current market drop on a weekly chart, IOTA has formed a bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $0.8961 to $0.5738, but we have strong support at $0.69, therefore the buying zone can be from: $0.8961 to $0.69
Sell between: $1.34 to $1.8266
Stop loss:
Below $0.69
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 264% , and loss possibility 23%. But right now it is 23% as iota is being traded at $0.85, at the time of writing.
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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