In our previous idea on DESO we showed that there was a bullish wedge pattern forming.
That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up.
This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it.
We still expect this to be a 10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out.
Note: This is not financial advise and should only be used for educational or entertainment purpose.
That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up.
This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it.
We still expect this to be a 10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out.
Note: This is not financial advise and should only be used for educational or entertainment purpose.
Comment:
We should bring this into the Gem Series!
