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Dodo

🔥 DODO Bullish Action After Strong DeclineDODO has been newly added to the Binance exchange around two weeks ago. Since it's inception, DODO has faced strong bearish pressure, leading to a vast decline in value over the course of two weeks. Today, DODO has seemingly breached this pattern and it is showing some bullish price action. Higher highs and higher lows are a prime indicator for a bullish trend. This trade is based on the idea that DODO will hit R1 and reverse towards the Entry line. Once it has done that, this signal is valid. Before entering this trade wait for the price to touch the Entry line. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
16
DODOUSDT (DODO) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - This is a double setup analysis on DODOUSDT. FIRST SETUP - The bounce off the horizontal support level (S1). - Price is testing the horizontal support level (S1). - The downtrend is resisted by the descending trendline resistance (DTR-2). - There's an uptrend potential. Buy entry ⬆️ : breakout above the descending trendline resistance (DTR-2). Target 🎯 : horizontal resistance level R1(neckline resistance). Setup invalidation ❌ : breakdown below the horizontal support level (S1). SECOND SETUP - This setup remains valid if the first setup plays out as expected (price breaks out above DTR-2 and hits the neckline resistance. - Price would be the testing the neckline resistance. - This would form the double bottom pattern. - A double bottom pattern is bullish reversal pattern. Buy entry ⬆️: breakout above the double bottom neckline resistance. Targets 🎯 : horizontal resistance levels (R2, R3). Setup invalidation ❌ : breakdown below the previous swing low.
Long
by Chibuike_Odoh
DODOUSDT (DODO) - UPTREND CONTINUATION ANALYSIS 🔎 - DOGEUSDT brokeout and hit an ATH. - The market then experienced retracement for a retest of the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support - The retracement was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - There's an uptrend continuation possibility. BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Horizontal resistance level (R1). - ATH resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support.
Long
by Chibuike_Odoh
10