DEGOUSDT Has formed a Bullish Flag
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DEGOUSDT on Daily TF it has formed a Bullish Flag. It might go down to the Pullback zone before it heads up. On H4 It has already broken above the Resistance and has done the retest.
⬆️Buy now or Buy at 9.397
⭕️SL @ 8.353
✅TP1 @ 13.000
✅TP2 @ 15.000
✅TP3 @ 18.000
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DEGOUSDT.P trade ideas
DEGO/USDTI see dego preparing for an impulsive wave that takes the price to retest the previous historical price.
From there, the price will go down to correct the areas of $20 to $16
I see a great opportunity to make good profits
I think there will be a great news announcement for the currency that will drive the price higher.
Please analyze the crypto currency and this represents my opinion only, not investment advice
🆓Dego Finance (DEGO) Aug-3 #DEGO $DEGODEGO is still trying to conquer the $11 zone but continues to be rejected. At the moment, the $9 zone is still a very strong buying zone and if it doesn't lose this zone, it will probably conquer the $11 zone to advance to the $14 and $17 zones this August. However, if DEGO loses the $9 zone, it will fall back to the $6 zone
📈BUY
🔴Buy : 8.8-9.2$. SL if B
🔴Buy : 10.7-11.3$ if A. SL if B
📉SELL
🔴Sell : 10.7-11.3$. SL if A
🔴Sell : 13.7-14.3$. SL if A
🔴Sell : 16.6-17.4$. SL if A
♻️BACK-UP
🔵Sell : 8.8-9.2$ if B. SL if A
🔵Buy : 5.85-6.15$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
DEGO// Long OpportunityTrend break + strong closes above a previous lower high, indicating a change in trend.
Will be looking for price to pull back to the 50% zone and wait for clear signs of support for a reversal back up.
One concern is that price has already had a strong close and rejection from this zone and is pulling back - indicating some weakness, possible manipulation, who knows.
Exercise caution.