Long
DOCKUSDT formed bullish Cypher | Upto 29% Bullish Move Expected
On 8th Oct I posted a trade plan where on 2 hour based chart the Dock token was completing bullish Shark pattern then finally as per prediction the priceline entered in buying zone and hit the sell targets.
Formation of new harmonic Cypher pattern:
Now this time on 12 hour chart the price action of Dock token has formed bullish harmonic Cypher pattern and buying zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $0.004333 to $0.004016
Sell between: $0.004583 to $0.005187
Stop Loss:
The potential reversal zone area which is up to $0.004016 can be used as stop loss in case of complete candle sticks closes below this level.
Possible profit and loss ratio:
As per above targets this short term trade has the profit possibility of 29% and as per above mentioned stop loss, the loss possibility is 7%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Formation of new harmonic Cypher pattern:
Now this time on 12 hour chart the price action of Dock token has formed bullish harmonic Cypher pattern and buying zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Cypher pattern should be:
Buy between: $0.004333 to $0.004016
Sell between: $0.004583 to $0.005187
Stop Loss:
The potential reversal zone area which is up to $0.004016 can be used as stop loss in case of complete candle sticks closes below this level.
Possible profit and loss ratio:
As per above targets this short term trade has the profit possibility of 29% and as per above mentioned stop loss, the loss possibility is 7%.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.