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moon333
Sep 6, 2021 7:02 PM

Dentacoin (DCN) formed bullish Gartley for upto 4800% huge gains Long

Dentacoin / TetherHITBTC

Description

Hi friends, hope you are well and welcome to the new trade setup of Dentacoin (DCN) token.

On the weekly time frame chart, DCN has formed bullish Gartley, there is also 100 simple moving average support in buying zone.


Buy and sell targets:
Buy between: $0.00004987 to $0.000003681 (As at $0.000003681 we have strong support)

Sell between: $0.0001146 to $0.0001832

Stop loss:
The maximum extent of buying zone $0.0000036815 can be used as stop loss, however, to minimize the loss ratio we can also use 100 SMA as stop loss.


Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 4800% , and loss possibility 52%, however, if we use weekly 100 SMA as stop loss then we can minimize our loss ratio because, it is also moving up.

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
Comments
Mihai_Iacob
Great analysis!
aaronstevens566
Excellent analysis what’s your view on btc
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