On daily chart, the price action of Basic Attention Token has formed Gartley pattern and reached in potential reversal zone.
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Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley pattern should be:
Potential reversal or buying zone: $ 0.2184 to $ 0.1994
Fibonacci projection or sell zone: $0.2333 to $0.2694
Stop Loss:
The potential reversal zone area that is up to $ 0.1994 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 35% and as per the above-mentioned stop loss, the loss possibility is 8.7%.
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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