Hi all,
Seen as we have many alts with a nice potential, I see DODO with a better RR compared to many 'IF' it were to position itself in the next month or so.
In the next couple of weeks I see 20-30% dip from Bitcoin (I have posted previously BUY levels for Bitcoin on my feed) and subsequently 50-60% dip for alts.
Trade Campaign reasoning: A simple XABCD pattern gives us a circumstantial BUY level for DODO at 1.13 - 1.27 Fibs with a profit take between 1.618 - 200% Fibs. I do see it make it between 30-50$ eventually but not in a straight line, and with an expectation 40-50% dip as a retest at somepoint if it makes it to 1.618.
I will update with final targets based on pattern structure way forward!
Good luck and Happy Trading!
Seen as we have many alts with a nice potential, I see DODO with a better RR compared to many 'IF' it were to position itself in the next month or so.
In the next couple of weeks I see 20-30% dip from Bitcoin (I have posted previously BUY levels for Bitcoin on my feed) and subsequently 50-60% dip for alts.
Trade Campaign reasoning: A simple XABCD pattern gives us a circumstantial BUY level for DODO at 1.13 - 1.27 Fibs with a profit take between 1.618 - 200% Fibs. I do see it make it between 30-50$ eventually but not in a straight line, and with an expectation 40-50% dip as a retest at somepoint if it makes it to 1.618.
I will update with final targets based on pattern structure way forward!
Good luck and Happy Trading!
Comment:
DODO hasnt made as far below compared to pther alts in terms of percentage drop. It shows a sign of strength and I see this is a good buy here
Comment:
Very nice wick down to the BUY region, I will be picking up some more here. Note it may take couple of weeks for recovery due to Bitcoin