Updated

DODO/USDT Local work. Volume

Local 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

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Local work in the accumulation zone. The price on the decline of the market from the level of 0.18 reached the level of the middle of the channel 0.13 (-27%). Pay attention to the huge volume in this channel zone.

If there is another decline in the market, then the price will be pressed to the support level of this channel 0.1. If there is a grandiose final sadness, then perhaps they will try to push it lower with the same volume. Slippage due to liquidity is also possible. Now the coin is on the 672nd place in terms of capitalization.

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A mirror projection will be realized if the support zone of this horizontal channel (potential double bottom - bowl) is held and the price does not consolidate below it (continuation of the downtrend).

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This is what it looks like on a line chart without "market noise".

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Momentum/buyback +50% by 1842 sideways (accumulation) and downtrend crossover zone.

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After the market buyback +45% in the accumulation zone, the price returned back to the previous values. It was the largest volume in the accumulation zone. At the moment, the flat is 149 days (5 months), which is a lot.

It is possible that #StopLoss will be knocked down before exiting the flat (optional), but the volume is not gained on stops, and only "passengers" are thrown off.

Also remember, altcoins follow the general trend of the markets, which is logical. A set of volume by non-hamsters always comes from the average price of a set / reset with the rule - "I don't know where the bottom is", even if you know and there is an impact on the price ("Black swans" for that they are black) Once again, I note that on this viola (on many now) a significant position is being gained, it is not possible to hide it due to liquidity.

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All trading history and volume.

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Again a small buyback +20% from the channel support zone to the average set price of 0.1381 Pullback. First of all, pay attention to such crypto wrappers where this happens.

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Pivot Area. The accumulation channel with the step of about 100% 7.4 months. Pivot zone. The price is near the support.

Accumulation of 222 days (7.4 months). The price is near the support of the accumulation channel (0.1023).

It is possible that the passengers will reset, if the general market trend will allow. To beat out the stops, or if the “big sadness”, the attempt—to fix under support (not necessarily).

Gained during this period, more than 7 months, a very large #volume. With it, you can do anything with the price. Consequently, it is more rational to work from the average price of the set / reset and not to disable the scare, and greed.

It is rational to reset those who traded in the channel, this can be done by:

1) taking #StopLoss out by a large % of -20% (so as not to lose many coins, done on "red market days" under general dump. At other times, it is not rational because you have to invent tales of "problems with the project" and run news for fools in “three lines”, and it costs money and not always works.

2) Taking out Stop Loss and fixing under the support of the accumulation channel. Only rationally, only under a general negative market trend, otherwise “not hamsters” will buy out all the coins for the dump.

3) “Hamster dump”. Picking up the price above the accumulation channel, that is more than +100% (redemption was in this range). It needs to be significantly higher, that there was a significant profit in those who traded in the channel, so they were satisfied with the % of sales. Redeem their volume, correction—fear. Resume. Understanding of the moment and the market reversal (it is important not to make a false start. Otherwise, it will be expensive) And a sharp reversal and “goodbye”. Pumping the stick above the main reset zone.

With a high probability, dialed volume will be at the reversal of the market (intermediate pumping the market) is not sold at +100 +200 and perhaps not +300% of the average set price.

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This is what the main trend looks like. From the pumping peak the price merged to about -98.5%. Pivot zone. The accumulation channel with the step of about 100% 7.4 months. Pivot zone. The price is near the support.

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Horizontal channel 80% duration of 8 months. -98% decline from the pumping peak. Important point.

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+180% from the entry zone to the first target impulse to break the trend to the level of 0.2876. Rollback. There is a significant volume of the buyer. Perhaps under the breakout chart some news came out (I was not interested).

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Pumping +250% from the reversal level 0.1023 (123) to the level 0.3612 ("temperature, time, logic") rollback to the average set price 0.1381 (1381) Confirmation and resumption of movement. All this in the area of the set, in order to shake up the price and to force to sell those who were gaining in the channel.

I want to note that the stops were not broken under the set zone of 10.4 months. It is not necessary, but it is necessary to remember about it, not always there is a good time for it to make effectively and not to lose a lot of coins. Trading even in the accumulation zone and accumulating positions (not necessarily, you can just rip out the movements and forget about a coin of one of hundreds) about this you need to remember.

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El precio está atravesando la resistencia del canal en 0,1842.

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Local work in the accumulation zone. The price from the breakout of the uptrend line (re-test of the mirror level 0.1842 of the breakout zone after the plummet) reached almost the second downside target -38% Decline of the price to the support of the accumulation channel almost 1 year. Thereby inside the horizontal channel forming a downward wedge. Working with its resistance.

It should be noted that under the support of the accumulation channel of more than 1 year there is a big amount of stop loss concentrated, as well as in most assets. Keep it in mind.

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wedge. The price at its resistance breakthrough (downtrend) + at the horizontal channel support zone. The accumulation zone of 1.3 years. The interest potential of the channel range is shown.

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DODO/USDT Secondary trend. Accumulation channel 08 2023

SpartaBTC

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DODO/USDT Main trend. Descending channel

by SpartaBTC

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SpartaBTC

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2