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DODO / TetherUS
Long
Updated

DODO/USDT Secondary trend. Accumulation channel 08 2023

3 255
Logarithm. Time frame 3 days.
Accumulation channel 15 months. The main step of dialing according to liquidity, 80%.
Local trend—descending wedge. Pivot zone from key support/resistance levels. The percentage for orientation is shown.

This idea is a continuation of a similar idea published a year ago at the beginning of the formation of the channel of the set with the exact zone of the set with a step of 80%. DODO/USDT Local work. Volume

Very long accumulation - 1.5 years. There is a stop loss long collection under the channel support. There is a volume set. Which will be distributed at cycle change.


Linear chart with no market noise.

snapshot


Main trend

The main trend of this cryptocurrency can be traced in this idea published 1 year ago. Time frame 1 week.

DODO/USDT Major trend. Downward channel.
DODO/USDT Main trend. Descending channel

Note
snapshot main trend and channel set 1.5 years in it on 05 08 2023
Note
snapshot impulse to break the resistance of the wedge +44% to the meridian 0.1381 and large liquidity resistance. It is important for further pump development to overcome this zone and absorb selling. There is a significant #volume compared to normal trading earlier. Who trades locally protect profits.
Note
snapshot 3 days after publication almost +100% The important zone of local resistance 0.1381 has been overcome. The price has reached the resistance zone of the horizontal channel 0.1842. Perhaps there will be a breakthrough of it. Who trades locally, protect your profit. The breakout may not be from the first time, or after the breakout a significant pullback.
Note
snapshot Schematically showed the logic and mani-management of position (funds) distribution in work in horizontal channels.
Trade active
snapshot about +40% from channel support 0.0911, pullback. Typical work in the accumulation channel from its support/resistance zones.
Trade closed: target reached
snapshot price reached #impulse resistance level of the horizontal channel 0.184.

Breakthrough - trend break and exit from the accumulation zone.
No breakthrough - return back to the sideways zone with a large % step.
Trade active
Note
snapshot breakthrough of accumulation channel resistance
Trade active
snapshot consolidation with a wide step above the resistance of the former accumulation channel. Locally, the price is in the ascending channel at its resistance.

Everything is essentially the same as everywhere else. Breakout above the historical maximum on bitcoin - will be a trigger for the high growth of garbage (impulses).

And vice versa - a negative market re-test to the mirror level of the previous accumulation (almost all alts that are not yet heavily pamped like FLOKI).
Trade active
snapshot main trend, without "market noise"
Note
snapshot 05/30/2024 We went with the second option with a local bearish bias. The percentages are maximum local, as previously shown from this key mirror support level of 0.1844.

🟢In the zone of this level (re-test of exit from the accumulation channel), a symmetrical triangle has formed with a target of about +40%. At the moment it looks locally bullish, provided that this support zone remains intact.

🔴Just in case, I showed bearish targets if this symmetrical triangle acts as the fabric of a bearish pennant, that is, in cases where the price does not consolidate at the resistance level of the previous long-term accumulation of 0.1844
Note
snapshot 30 05 2024
Note
snapshot 05 06 2024 Triangle breakout, impulse to 0.2276, now about +20% Local percentages are shown earlier relevant. There will be a pullback from the first zone. “Jump” from one similar cryptocurrency to another during market consolidation and don't get greedy.
Note
snapshot DODO cleverly made what is essentially a classic local setup. A breakout of the triangle upwards to the first target +20% (removed the short stoploss) and the implementation of a descending pennant (the triangle itself as a canvas), to the support levels of the horizontal long-term accumulation channel. That is, a complete implementation of the head and shoulders pattern.
Note
snapshot Main trend. Price in the support zone of the horizontal accumulation channel.

DODO network growth over the past couple of months by more than 200%. Pay attention to this DEX.
Note
DODO Main Trend 09 2024
Note
DODO Secondary trend. 02 09 2024
SpartaBTC
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cryptocurrenciesCryptocurrencydodododousdDODOUSDTPivot PointsSupport and ResistanceWedge

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cryptocurrenciesCryptocurrencydodododousdDODOUSDTPivot PointsSupport and ResistanceWedge
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
Also on:

Related publications

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.