XRP completed another bullish Gartley for upto 50% rally
Hi dear friends, hope you are well and welcome to the new update on XRP coin.
Previously the XRP started a big powerful bullish rally after the formation of Gartley pattern.
Now this time on the 2-day time frame chart, the price action of the Ripple has completed the final leg of another Gartley pattern. There is also 50 simple moving average support below the buying zone of this harmonic pattern.
Buying and sell targets:
Buy between: $1.22 to $1.07
Sell between: $1.33 to $1.61
Stop loss:
The maximum extent of the potential reversal zone to $1.07 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 50% and a loss possibility is 13%.
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
Previously the XRP started a big powerful bullish rally after the formation of Gartley pattern.
Now this time on the 2-day time frame chart, the price action of the Ripple has completed the final leg of another Gartley pattern. There is also 50 simple moving average support below the buying zone of this harmonic pattern.
Buying and sell targets:
Buy between: $1.22 to $1.07
Sell between: $1.33 to $1.61
Stop loss:
The maximum extent of the potential reversal zone to $1.07 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 50% and a loss possibility is 13%.
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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