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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
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