Chainlink (Link) formed big Gartley for upto 782% massive move
Hi dear patrons, hope you are well and welcome to the new trade setup of Chainlink (Link).
Our last major successful trade of Link was below:
Now on a monthly time frame, LINK has formed bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $11.62 to $0.35 (but there is strong support at $5, therefore, buying should be between: $11.62 to $5)
Sell between: $27.43 to $44.14
Stop loss: Below $5
Possible profit and loss ratio:
This move can be really huge upto 782%, and a high loss possibility is 57%. 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
Our last major successful trade of Link was below:
Now on a monthly time frame, LINK has formed bullish Gartley pattern.
Buy and sell targets:
Potential reversal zone: $11.62 to $0.35 (but there is strong support at $5, therefore, buying should be between: $11.62 to $5)
Sell between: $27.43 to $44.14
Stop loss: Below $5
Possible profit and loss ratio:
This move can be really huge upto 782%, and a high loss possibility is 57%. 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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