Polkadot (DOT) Completed Bullish Gartley Setup For Upto 32.4% Bullish Move

Polkadot (DOT) Completed Bullish Gartley Setup For Upto 32.4% Bullish Move

By moon333 | moon333 | 11 Dec 2020


On daily chart, the price action of Polkadot (DOT) has completed the final leg of Gartley pattern and entered in potential reversal zone.

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Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:

Potential reversal or buying zone: $ 4.70 to $ 4.32

Fibonacci projection or sell zone: $ 4.99 to $ 5.72

 

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Stop Loss:
The potential reversal zone area that is up to $ 4.32 can be used as stop loss in case of complete candlestick closes below this level.



Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 32.4% and as per the above-mentioned stop loss, the loss possibility is 8.1%.

 

 

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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