DOCK could be set to move higher following consolidation.

26 thg 10, 2018

DOCK/BTC could be set to move higher should this consolidation area hold. We can see DOCK is currently holding the .618 fib level, and we could see it make a run to the 1.272 fib level around 576, if not higher to the 1.414 fib level around 617 if our consolidation into a large move up plays out. We've seen other coins (such as GO and RVN) have a large move up, then following that large move up, they consolidate for awhile, and then have another large move up after consolidating. There is a possibility DOCK could do the same (in regards to consolidating after a big move up, then moving higher after consolidation) in my opinion.

Entry: 388-400 (.618 fib level around 388 should act as a good entry.)

Target 1: 436 (.786 fib level)
Target 2: 498 (Peak of the previous move up and will act as the 1 fib level on our chart.)
Target 3: 576 (1.272 fib level.)
Target 4: 617 (1.414 fib level.)

SL: 370-377 depending on risk.

--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.

27 thg 10, 2018

Ghi chú

My above stop loss is rather tight. You can put a stop loss below 354 if you’d prefer to do that to leave room for potential wicks/stop loss hunters.

27 thg 10, 2018

Ghi chú

I made another fib chart drawing from the August bottom to the recent peak, and this was the result:

28 thg 10, 2018

Ghi chú

Hit target 1 and 2!

28 thg 10, 2018

Đóng lệnh: đạt mục tiêu

All 4 targets were hit and then some!