Hi dear friends, hope you are well and welcome to the new update on Conflux Network ( CFX ) token with Bitcoin pair.
On the daily time frame chart, the price action has formed final leg of bullish Gartley pattern.
https://www.tradingview.com/chart/CFXBTC/Xfljtjjs-Conflux-Network-CFX-formed-bullish-Gartley-for-26-5-move/
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00001713 to 0.00001597 btc
Sell between: 0.00001804 to 0.00002022 btc
Stop loss:
The maximum extent of potential reversal zone to 0.00001597 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 26.5% and a loss possibility is 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.
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
