Hi dear patrons, hope you are well and welcome to the new update on Gifto (GTO) token.
On the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. Even though the price action is moving below the buying zone but so far it did not break down the 50 simple moving average support and accumulating above it. Therefore, I believe the price action can start a massive move from here.
Buy and sell targets:
Buy between: $0.0633 to $0.0376
Sell between: $0.0836 to $0.1321
Stop loss:
50 simple moving average support can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 340%, 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 frame chart, the price action has formed the final leg of the bullish Gartley pattern. Even though the price action is moving below the buying zone but so far it did not break down the 50 simple moving average support and accumulating above it. Therefore, I believe the price action can start a massive move from here.
Buy and sell targets:
Buy between: $0.0633 to $0.0376
Sell between: $0.0836 to $0.1321
Stop loss:
50 simple moving average support can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 340%, 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.