Short term: It's interesting to see how yesterday it hit the 50% retracement on the dot and now today it hit the 38.2% retracement mark and bounced up. Is this a bullish sign? It seems to be a confirmation that the trend up is still intact.
Long term: I'm long Dao due to their tokenomics and the buzz generated with each new launch. Last I checked over half their coins were staked. People are buying and staking instead of trading them. That's good news for the price of the token.
Long term: I'm long Dao due to their tokenomics and the buzz generated with each new launch. Last I checked over half their coins were staked. People are buying and staking instead of trading them. That's good news for the price of the token.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.