Dock Token Has Formed Cypher Pattern For 29% Possible Bullish Move

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moon333582.214 years agoHive.Blog2 min read

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.

Before execution:

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After execution

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.

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