Hi dear patrons, hope you are well and welcome to the new update on Dragonchain (DRGN) token.
On a 4-day chart, the price action of DRNG token has completed the formation of a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000236 to 0.00000186 btc
Sell between: 0.00000275 to 0.00000369 btc
Stop loss:
The maximum extent of potential reversal zone: 0.00000186 btc 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 98% and the loss possibility is 22%.
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 a 4-day chart, the price action of DRNG token has completed the formation of a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: 0.00000236 to 0.00000186 btc
Sell between: 0.00000275 to 0.00000369 btc
Stop loss:
The maximum extent of potential reversal zone: 0.00000186 btc 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 98% and the loss possibility is 22%.
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