#DODOUSDT
$DODO had more than 80% increase from my last analysis 🥳
for more uptrend move, price have to hold the ascending support line and break out from $2. next resistance zone is between $2.6 and $3.
Dodo Is Looking Good For Mid Term... Long Time It's Didn't Grow. So Keep In Your Watch List.
I'm Accepting 30%- 100% Profit. Multiple Entry Will Be Better...
TA explained
DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here:
As you might have figured from...
Currently as per my TA. DODO is trading in an accumulation range.
I will keep monitoring it and will enter only after a 2 week candles closure above the resistance (purple line) for a confirmation
with $2.0 as my SL
my targets are as follow:
TP1: $3.026
TP2: $3.419
TP3: $3.763
TP4: $4.13
what do you think of this price action trade?
Keep eyes on DODO/USDT a breakout must happen in the newt upcoming hours and it might continue its bullish trend for the next couple of days!
$DODO A breakout To Watch! (4H)
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Best Regards, iSmashProfit™
DODO have a very good project. In addition to good fundamental news, it has good shopping conditions. DODO is currently in the 4-hour time frame under MA200 and MA50 . It has an attractive chart to buy!
DODO has already formed two valleys. And the possibility of further correction is not far from the mind.
do not forget. Buy when the market is red and sell when it...
Update on daily chart
*Famous Node Wedge break out
*STL broken downwards, we could back test support @ 1.070 and bounce right off the wedge and hit 1.58 area (bottom of the symm triangle)
*Oct 3, 2021 could be an area for recovery
🔵The blue line is the entry price (enter a little late)
🟢the green line is the target (do not forget to collect profit)
🔴The red line is the loss limit (do not forget capital management)
⚫️The black line is the probable path (it may not be)
#DODOUSDT
$DODO broke out from descending resistance line days ago, now it is trading above broken resistance and ascending support line.
it will go up to touch the resistance zone around $3.
if bulls success to break this zone and close a daily candle above it , price will continue its upward move to $4.4.
triangle or parallel channel target is around $7.5.
and...
#DODOUSDT
(update)
$DODO rejected from descending resistance line and dropped below ascending support line.
there is a support zone around $1, that double top pattern also give us this target for down trend.
wait for rejection from support area and break out from descending resistance, then buy.
set your take profit targets below the resistance zone and lines...
#DODOBTC
DODO is going to break out from long term descending resistance.
I think BTC pair has potential to increase 100% - 200% after breakout and pullback.
keep eye on it
I still need one last confirmation closing above purple line, but $DODO is looking good for a trade to the lows of the weekly range. The lows are key magnetic area, so once we reach there, I want to see the price clearly reclaim the low and consolidate above. Clear close inside the range = long to mid and high range. Close above the range = long to ATH. That's...
Dodo is forming a W pattern from its support line. As I mentioned in the previous analysis, it was supported at $ 1,712 and came back. The price targets and resistance ahead are plotted on the chart.
#DYOR
