Dogecoin formed bullish Gartley | Upto 202% rally expected
Hi dear patrons, hope you are well and welcome to the new update on Dogecoin.
On the small time period 4-hour chart, the price action of Doge has completed the final leg of bullish Garltey and entered the potential reversal zone. There is a complete opened alligator’s mouth formation of simple moving averages with the time period of 25, 50, 100, and 200 below the buying zone as strong support.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: $0.03795 to $0.02448
Fibonacci projection or sell zone: $0.04855 to $0.07406
Stop loss:
The maximum extent of potential reversal zone $0.02448 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 202%, and the loss possibility is only 36%.
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 small time period 4-hour chart, the price action of Doge has completed the final leg of bullish Garltey and entered the potential reversal zone. There is a complete opened alligator’s mouth formation of simple moving averages with the time period of 25, 50, 100, and 200 below the buying zone as strong support.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Potential reversal or buying zone: $0.03795 to $0.02448
Fibonacci projection or sell zone: $0.04855 to $0.07406
Stop loss:
The maximum extent of potential reversal zone $0.02448 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility up to 202%, and the loss possibility is only 36%.
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
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.