DEGOUSDT
$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 $19.93, the high of Wave_B in the first large correction where we may see some resistance and side-ways trading. It should have enough momentum to break through the previous ATH and then head into price discovery.
DEGO is trying to break up....YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info
how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody...
i can help you :) all for free, don't worry, BE HAPPY!
DEGO CHART ANALYSIS UPDATE 2Like I said in the previous DEGO chart analysis, I didn't buy DEGO and was waiting for Moving Average confirmation.
Moving average confirmation did happen yesterday so I expect DEGO to go up if the next few weeks.
This is the best time to Buy DEGO and once we cross the resistance level it will go up quickly.
Personally, my goals are:
TP1: 34$. 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
DEGOUSDT Form a Rising Triangle on Daily ChartWe can see here DEGOUSDT is forming a rising triangle which is known as continuation pattern.
Current resistance is $11.64 and it's also a 50% fib level from previous high.
I personally wait for MACD signal to get into the wagon, but just like another alt coin it has to be linear with bitcoin price so i have to wait for bitcoin confirmation then decide to join after this MACD cross on DEGO.
Potential target is $11.64 and $13.38
DEGO looks very strong hereYOUR 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 how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!