Long on Deso good opportunity 1/3 risk reward Given Deso's robust narrative and backing from significant investors in the crypto space, it's conceivable to work without a stop loss and continue opening additional positions by averaging the buying price. We're currently tracking BTC's movement, hoping it extends a bit further. Leveraging Bitcoin's retracement, we want initiated a long position at 26.50 on support, with a stop loss set at 24.56. Our targets stand at 33.40 and 42.80 respectively. This strategy is aimed at maximizing gains while acknowledging potential market fluctuations
DESOUSDT
DESO - DESOUSDT - Looks Ripe for BreakoutGreeting,
We have been predicting the bullish bias on DESO for weeks now when it was merely around $10 per coin. This is one of the coins we believe as gems and expect that it would hit MUN:10B market cap (~$1000 per coin).
Since the last major move, $30 mark has been a major resistance and DESO has formed a bullish triangle pattern over last several days and knocked at $30 mark 6 times. We believe 7th time would do the trick and it will jump to $40 right away which would be a short-lived resistance. $50 would be our target price and serve as the next major resistance to cause some pull back.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DeSo - DESOUSDC - Gems SeriesGreetings,
If you go into our older ideas prior to the beginning of the Gems series, we had been following on DeSo for the very reason it is just charting! Therefore we have decided to include it in our Gems Series.
DeSo claims to be the first blockchain built for the purpose of serving as a decentralized social platform and seems to have achieved a lot of milestones in your road map. The user base compared to big projects like internet computer seems low but the progress on this blockchain for SoFi seems to be most advanced. Perhaps if they invest a bit more on marketing, the user base shall grow significantly quickly.
We have been publishing about DeSo when it had just breached $10 and today it may as well breach $20 just in a few days since our analysis. We still see a lot of growth potential in this coin and as previously forecasted, we still think this can achieve MUN:10B marketcap.
Here is the report on the selection criteria.
1- Project Status = Active
2- Industry = Social
3- Community Involvement = Healthy
4- Prominent Listings = Coinbase, HTX
5- MarketCap = $177M
6- Coin Supply = Cir: 10.5M, Tot: 10.8M
This is medium cap now and has a lot of room to grow. Based on the factors, this coin has a potential for 10x to 50x rally.
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
DESO on the move?In our previous idea on DESO we showed that there was a bullish wedge pattern forming.
That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up.
This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it.
We still expect this to be a MUN:10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out.
Note: This is not financial advise and should only be used for educational or entertainment purpose.
DESO Protocol Analysis If you are here to make money..Then this is a bullish setup. If you are here for the tech, then this is a powerful project which has the fundamentals for great success..
Short target and stop loss are posted on chart.
Don’t market but this because it has low liquidity on gate.io
Don’t forget to manage your risks and take profit along the way.
This project is for a long hold too.
Good luck.
desoThe currency in question has the potential to grow after the correction
If it crosses $10.50, it will grow big
DESOUSDT SHORThey traders
lets play
respect 2 ur own R&R
Look at the chart, thats the plan
share ur chart and leave a comment
GL