THETA formed a bullish Gartley for upto 2200% massive move
Hi dear patrons, hope you are well and welcome to the new trade setup of Theta coin.
On a monthly time frame, Theta has formed bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $3.42 to $0.036
Sell targets: $8.18 to $13.21
Stop loss: Below $0.57, because there we have a strong long-term support.
Possible profit and loss ratio:
This move can be really huge upto 2200%, and a high loss possibility is 51%. Therefore, in order to minimize the risk factor we can wait for Bitcoin to breakout the wedge on the weekly time frame, and I will keep posting updates for that breakout.
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 a monthly time frame, Theta has formed bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $3.42 to $0.036
Sell targets: $8.18 to $13.21
Stop loss: Below $0.57, because there we have a strong long-term support.
Possible profit and loss ratio:
This move can be really huge upto 2200%, and a high loss possibility is 51%. Therefore, in order to minimize the risk factor we can wait for Bitcoin to breakout the wedge on the weekly time frame, and I will keep posting updates for that breakout.
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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