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DODOXUSDT.P trade ideas
$DODO performing Descending TriangleWhat Is a Descending Triangle Chart Pattern?
A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern.
A descending triangle has one declining trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. A descending triangle can be bearish or bullish or a reversal or continuation pattern, depending on the direction of the price breakout.
A descending triangle occurring during a price uptrend, with a price breakout above the resistance line, is considered a bullish continuation pattern. (See chart below)
Conversely, a descending triangle occurring during a price downtrend, with the price breaking out above the resistance line, is considered a reversal pattern.
KEY POINTS
The descending triangle has a horizontal support line and a declining slope resistance line.
If the price breaks out of the triangle in the direction of the previous trend, it is a continuation pattern.
If the price breaks out of the triangle in the opposite direction of the previous trend, it is a reversal pattern.
DODO token formed bullish Gartley for upto 82% pumpHey dear friends, hope you are well, and welcome to the new update on DODO token with US Dollar pair.
Previously we caught 70% pump of DODO as below:
Now on a 4-hr time frame, DODO has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DODO Bird taking off?Well we did one more tiny low but might have started now what appears an wyckhoff spring where downtrend might get surpassed.
intermediate 0.618-0.886 might be areas of reversal, above 0.886 next target will be 1.272 intermediate and major (nice confluence).
Price now should retrace before taking local 4.236
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DODOUSDT ShortDodo is uptrend for 6 days.
If you zoom out and look 3D chart, you can see it is rising from 4-5th of August and it made 61% in 2 weeks.
But right now it's bear market, BTC just drops to 28k.
It looks like a pump and dump, just bigger.
0.15 USD is a pszicho-level, it's a round number. And we have the big spike to .18 in smaller CEXes to 0.20 in futures market.
Funding is -2 so lots of shorts are open. If the funding will go lower we will see the price fall also and spot and perp price will be the same.
Right now it is a good change to enter short.
If 0.15 fails clearly in a 1h or 4h chart we are the winners.
DODO/USDT Local work. VolumeLocal trend. Reversal zone. Time frame 1 day. Logarithm.
Coinmarketcap: DODO
Pay attention to the early redeemed large amount of the coin, before this accumulation.
Line graph of the given zone.
From the resistance of the distribution zone, the price decreased by - 98%
Main trend.
DODO/USDT Main trend. Descending channel
DODO ANALYSIS (3D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the DODO symbol.
We are in the E branch of the large diametric drop.
The time frame is big and time consuming.
Symbols that have such a situation are clearly not well founded
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MY TRADE TODAY 001BYBIT:DODOUSDT.P
Hey guys I'm excited to show you my trades on these coins on a daily basis so to start it off today I'm looking to just simply follow the trend on the 15M timeframe on DODOUSDT I will be getting more into the day trading side of things instead of the swing trading side so I can be more active on here with everyone so sit tight and let me show you guys what i can do over a period of time. SO this is still a limit buy so sit tight and let it grab the bag!