DEGOUSDT
DEGOUSDT Analysis (LONGTERM)Hello friends.
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Everything on the chart.
open pos: market and lower
target: 15 - 18 - 27
after first target reached move ur stop to breakeven
stop: under 7 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
Can DEGO Finance come back up?This is a low cap and low token supply coin. It is related to Defi, NFT's and Metaverse (important with today's hype). With some good news this coin could absolutely explode. Every time we saw the 20 MA cross the 50 MA we a nice pump, is it in the beginning of the pump rn? If not back to the downside...but I see it go back at least to the 0.5 fib extension level before that.
What do y'all think?
*not financial advice*
DEGO/USD 1D Time Frame buy & sell setupThe reason why you have buy DEGO
- Moving average golden cros
- Breakout trendline
$DEGO Breakout: Retest of $13.64 --> Rally to $19.93From its ATH in March, $DEGO corrected 84% which bottomed near end of June. Since then, $DEGO has seen a pump of nearly 220%, peaking end of August. During bloody September, $DEGO saw a correction of nearly 53%, dipping below the 200EMA on the daily time frame. Since then we've seen some sideways trading, leaning toward the up-side. $DEGO is now comfortably above the 200EMA and looks to be ready to be sling-shotted from the 20EMA.
$DEGO is also forming a huge inverse head and shoulders pattern where we're nearing the neckline. I analyze a breakout to $13.64 where we'll retest the high of the Jun-Aug pump. From there, we'll see a minor correction and then rally up to $19.93, the high of Wave_B in the first large correction where we may see some resistance and side-ways trading. It should have enough momentum to break through the previous ATH and then head into price discovery.
DEGO is trying to break up....YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
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DEGO CHART ANALYSIS UPDATE 2Like I said in the previous DEGO chart analysis, I didn't buy DEGO and was waiting for Moving Average confirmation.
Moving average confirmation did happen yesterday so I expect DEGO to go up if the next few weeks.
This is the best time to Buy DEGO and once we cross the resistance level it will go up quickly.
Personally, my goals are:
TP1: 34$. I take 75% profit.
TP2: 70$. I take 25% profit.
This is not a financial advice, this is my strategy.
DEGO broke out resistance#DEGOUSDT
$DEGO broke out from descending resistance zone and price hold above a long term ascending support line, now price faced a long term resistance zone, that breaking this zone will reach price to a descending resistance around $11. If bulls success to break this line price will touch $23 and even $27 in long term. but don't be greedy and save profit in each target.
DEGO/USDTNot a financial advice
Potential double bottom and "W" pattern, which is the accumulation behavior. Also ascending triangle. Most probably price will recover soon and test resistance at 11.50$ and after at 12.50$ levels
If you decide to purchase, put a stop loss under the support line and HODL