iExec RLC formed bullish Gartley for upto 185% move
Hi dear patrons, hope you are well and welcome to the new update on iExec RLC token.
Previously we had a nice trade of RLC token:
Now this time on the 2-day time frame chart, price action of RLC has completed the final leg of Gartley pattern. Thre is also 25 simple moving average support below the buying zone and the 50 SMA below this area.
Buying and sell targets:
Buy between: $7.38 to $4.90
Sell between: $9.33 to $14.01
Stop loss:
The maximum extent of potential reversal zone $4.90 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 185% and a high loss possibility of 34% but at this time the price action is already at the very end of buying zone therefore it is very low risk trade.
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 nice trade of RLC token:
Now this time on the 2-day time frame chart, price action of RLC has completed the final leg of Gartley pattern. Thre is also 25 simple moving average support below the buying zone and the 50 SMA below this area.
Buying and sell targets:
Buy between: $7.38 to $4.90
Sell between: $9.33 to $14.01
Stop loss:
The maximum extent of potential reversal zone $4.90 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 185% and a high loss possibility of 34% but at this time the price action is already at the very end of buying zone therefore it is very low risk trade.
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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