Hi dear patrons, hope you are well and welcome to the new update on GXChain (GXC) (GXS) coin.
On the 2-day time frame chart, the price action has formed the final leg of the bullish Cypher pattern. There is also 50 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.8052 to $0.6479
Sell between: $0.9291 to $1.22
Stop loss:
The maximum extent of potential reversal zone $0.6479 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 88%, and the loss possibility is 20%.
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 the 2-day time frame chart, the price action has formed the final leg of the bullish Cypher pattern. There is also 50 simple moving average support in buying zone.
Buy and sell targets:
Buy between: $0.8052 to $0.6479
Sell between: $0.9291 to $1.22
Stop loss:
The maximum extent of potential reversal zone $0.6479 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 88%, and the loss possibility is 20%.
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.