DEGO/USDT
Updated
Not a financial advice, just my vision for the DEGO
At this point, after the significant rally, we observed a huge dump and we are currently at support level near the 6$
As for now we have a Falling Wedge pattern that is the reversal pattern, therefore I expect it will break it and we will get restored in price
Additionally we have an upcoming mainnet update till the end of December + average Market Cap, hence on my opinion it is a just a matter of time until we reach our ATH
On the other hand, in order to avoid any surprises from BTC or any market manipulations, keep a stop loss
At this point, after the significant rally, we observed a huge dump and we are currently at support level near the 6$
As for now we have a Falling Wedge pattern that is the reversal pattern, therefore I expect it will break it and we will get restored in price
Additionally we have an upcoming mainnet update till the end of December + average Market Cap, hence on my opinion it is a just a matter of time until we reach our ATH
On the other hand, in order to avoid any surprises from BTC or any market manipulations, keep a stop loss
Note
Most probably we will see 4.8$ level, as we are breaking our support zoneNote
Potential Inverse Head and Shoulders on 4H timeframe with the target up to 8$ level, if we manage to break the neck only, hence let's just wait and seeAlso I am awaiting for the mainnet launch in the end of December
Note
Most probably BTC will go down to the 40-42k, therefore DEGO can fall under the 5$ zoneNote
Still holding DEGO, we are near our downward resistance line, perhaps we will hear soon some news regarding the mainnent deployment and we will get restored in priceNote
I am still holding a hude amound of DEGO, as for now on 4H timeframe, we are might be forming our right shoulder in our Inverse Head and Shoulders patternNote
Keep in my that we have Bulling Engulfing on 1W timerame, diamond hands are activated
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