Hi dear friends, hope you are well and welcome to the new update on Mithril (MITH) token with US Dollar pair.
Recently we have seen that the price action of MITH has completed a bullish Cypher with Bitcoin pair:
At the same time, the priceline has formed a bullish Gartley pattern with USD pair as well. There is also 25 simple moving average support in the buying zone.
Buying and sell targets:
Buy between: $0.0784 to $0.0457
Sell between: $0.1042 to $0.1662
Stop loss:
The maximum extent of potential reversal zone $0.0457 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 250% and a high loss possibility of 41%. But at this time the risk is low because the price action is moved very close to the end of the buying zone.
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.
Recently we have seen that the price action of MITH has completed a bullish Cypher with Bitcoin pair:
At the same time, the priceline has formed a bullish Gartley pattern with USD pair as well. There is also 25 simple moving average support in the buying zone.
Buying and sell targets:
Buy between: $0.0784 to $0.0457
Sell between: $0.1042 to $0.1662
Stop loss:
The maximum extent of potential reversal zone $0.0457 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 250% and a high loss possibility of 41%. But at this time the risk is low because the price action is moved very close to the end of the buying zone.
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.