Hi dear friends, hope you are well and welcome to the new update on Ampleforth Governance Token ( FORTH ) with Bitcoin pair.
On the 12-hour time frame chart, the price action has formed the final leg of the bullish Gartley pattern.
https://www.tradingview.com/chart/FORTHBTC/EA1l3Vm6-Ampleforth-Governance-FORTH-formed-Gartley-for-upto-30-5-move/
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.0007041 to 0.0006495 btc
Sell between: 0.0007471 to 0.0008502 btc
Stop loss:
The maximum extent of potential reversal zone to to 0.0006495 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 30.5% and a loss possibility is 8.
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.
For more harmonic trading ideas you can join:
https://www.patreon.com/moon333
Link for BINANCE exchange, the best place to buy or sell Crypto:
https://www.binance.com/?ref=11256882
