DEGOUSDT
DEGOUSDT Has formed a Bullish Flag
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DEGOUSDT on Daily TF it has formed a Bullish Flag. It might go down to the Pullback zone before it heads up. On H4 It has already broken above the Resistance and has done the retest.
⬆️Buy now or Buy at 9.397
⭕️SL @ 8.353
✅TP1 @ 13.000
✅TP2 @ 15.000
✅TP3 @ 18.000
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DEGO 12h There are volumes, interest, and price growthDego Finance is an independent, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions, and trading. It offers a diverse mix of NFT and Decentralized Finance (DeFi) tools.
The project was founded by an anonymous team in 2020 at the beginning of the hype growth of DeFi projects.
Since then, the DEGO (utility token) used to manage the Dego Finance ecosystem has grown in value from $0.50 to almost $35 , a modest x70 growth.
The DEGOUSDT pair price correction began in March 2021 and only in May-June was synchronized with the BTC price movement.
In recent days, trading volumes began to enter the DEGOUSD trading pair (perhaps there is a fundamental news reason for this? Write about it in the comments)
Increased volumes mean increased interest, and increased interest can trigger continued growth.
As of now, there is a possibility of growth in the price of DEGO to the levels of $13.50 and even to $18.50
Local support where buyers will activate buying $9.00-9.50
More global support , where the DEGO price may fall in the future, is in the $6.50 region.
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DEGO finance we broke down the bottom :(Same as all other Altcoins ! DeGO suffers the brutallity of the DUMP !
where would DEGO go from here ?
if bitcoins keeps on dumping DEGO might go even lower and lower below $1 and even below $0.50 !!
what should you do ? should i sell ? ==> No ! , hold and pray for bitcoin and the whole market recovery ! also if you think DEGO hit the bottom , try to buy more with more money so when it goes back up you can recover your losses faster and get out of that investment and try to invest in a more well known project like ADA or ONE or LINK etc...
new projects that are not well known might fade out in the shadows and may be revived after few years and may die !
Good luck and try to be realistic , no one can know the future , stop listening to youtube people saying DEGO will explode , DEGO will moon etc...
DEGOUSDT - Analysis Hi Traders,
Sharing my Technical Analysis with you. Solely meant to improve my learning curve. Hope you like it.
EngineeringRobo is Bearish for DEGOUSDT at the moment. If you consider BUYING wait for the daily close above the 15.00 area support line
Otherwise, just follow the signals.
Good luck & all the best.