DODOUSDT Triple Bottom BreakoutDODOUSDT Technical analysis update
The DODO price has broken the triple bottom neckline resistance line with high volume and is trading above the 100 and 200 EMA on the daily chart. We can expect a strong bullish move.
Resistance 1: $0.225
Resistance 2: $0.325
Regards
Hexa
DODOUSDTPERP
DODOUSDT Rectangle PatternDODOUSDT Technical analysis update
DODO's price has been trading within a rectangle pattern for the last 840 days and price has now dropped again to the box's support level. we can expect a bullish move from the current rectangle support level.
Next Target is $0.35
Stop Loss: $0.078
Regards
Hexa
DODO token formed bullish Gartley for upto 82% pumpHey dear friends, hope you are well, and welcome to the new update on DODO token with US Dollar pair.
Previously we caught 70% pump of DODO as below:
Now on a 4-hr time frame, DODO has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DODO price is preparing for a powerful growth of +100-200% ?The DODOUSDT price chart shows that the price bottom has been "trampled" over the past six months.
The largest accumulation and set of long positions occurred in the range of $0.12-0.17 . Therefore, as long as the DODO price is above this liquidity zone, there is a good chance that an upward trend will start.
And the fact that trading volumes have increased sharply in recent days may suggest that buyers are serious and will be able to push the price up to $0.50 . And, if you're lucky, up to $0.87 )
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DODO token formed bullish Cypher for upto 29% pumpHey dear friends, hope you are well, and welcome to the new update on DODO token with US Dollar pair.
Previously I shared a long-term trade plan for DODO, which is still in play.
Now on a 4-hr time frame, DODO has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DODO formed huge bullish butterfly for upto 1408% big pumpHi dear friends, hope you are well, and welcome to the new update on DODO token.
On a weekly time frame chart, DODO has formed a big bullish Butterfly pattern. There is also strong support at $0.12.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DODOUSDT - Double BottomDODOUSDT (4h Chart) Technical analysis
DODOUSDT (4h Chart) Currently trading at $0.433
Buy level: Above $0.430
Stop loss: Below $0.356
Target 1: $0.460
Target 2: $0.50
Target 3: $0.535
Target 4: $0.60
Max Leverage 3x
Always keep Stop loss
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Is $DODO finally ready for the trend reversal?Hey, $DODO is one of the projects which has not pumped during the last rally and is forming a nice bottom around $0.40 - For me a nice and simple setup with the right risk management... we lose $0.35 and exit or we bounce and pump towards $0.73.
I haven't checked recent roadmap updates... and pretty much excited to see how this plays!
DODO (DODO) Token Analysis 28/03/2022Fundamental Analysis:
DODO is a DeFi protocol of the decentralized finance (DeFi) protocol and on-chain liquidity provider, whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).
The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward.
DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens.
DODO’s smart contract operates as an ERC20 token on the Ethereum network.
DODO positions itself as one of the most competitive liquidity providers that offers very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020.
The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve.
The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable.
This ensures more favorable pricing, higher fund utilization and decreased price slippage, single risk exposure and no impermanent loss.
For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Arbitrageurs can also take advantage of price differences between DODO and other exchanges.
Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk and also collect a portion of DODO transaction fees as rewards.
DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth. To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens.
DODO is a decentralized protocol and therefore resistant to centralized network attacks relying on a single point of failure. DODO’s smart contracts were audited by PeckShield, a blockchain security company, on July 10 2020. Its audit report on DODO can be accessed on their website.
be aware that DeFi protocols are innovative and high-risk projects and therefore vulnerable to coding bugs and security issues that could be exploited by hackers and result in the loss of funds.
Dodo was officially launched in August 2020, founded by Diane Dai, Radar Bear and an anonymous development team. It initially attracted a $600,000 seed round led by Framework Ventures.
The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs and Three Arrows Capital.
The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms that include Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research.
The total supply of the DODO token is 1 billion (1,000,000,000). There are currently 12 million coins in circulation.
DODO’s total supply will be distributed as follows:
15% to the core team/future hires/advisors
16% to investors
1% to initial liquidity provision (IDO)
8% to operations/marketing/partnerships
60% to community incentives
The current CoinMarketCap ranking is #545, with a live market cap of $52,597,972 USD. It has a circulating supply of 110,551,965 DODO coins and a max. supply of 1,000,000,000 DODO coins.
Technical Analysis:
The Price Value of this Asset is Currently Fallen to and Ranging Below the 95% of its All Time high Price, which means it is at the Discounted Price and very Much Undervalued and soon we can expect the Smart Money flow in to it.
We can observe that it is at the Accumulation phase and soon it will be popped to the higher prices and ultimately will develop the new cycle and new higher highs.
so it can be counted as the beginning of the new cycle and bullish impulsive wave thus worth of investments.
There exist a Bullish Divergence of Price and MACD, which is a very significant sign of Bearish Trend Reversal and Start of a Bullish Trend which leads to the new cycle with higher Impulsive waves and a New ATH.
We have defined 3 target Prices, where we expect the new cycle to roll out, these Targets are defined using Fibonacci Trend Base Extension levels, where as the 3 TP gets it Confirmation as the 2TP Gets triggered followed by some Price Correction.
DODO updated price chartAs you can see DODO has popped out of its falling vedge and there was bullish divergence formation on RSI on the daily timeframe.
What you think? Share your comments here below.
#DYOR
DODOUSDTBINANCE:DODOUSDTPERP
DODO is down 92% and it forms nice falling wage. I see 20% profit opurtinity in next 2-5 days.
The green lines are TP areas.
It is not financial advice I Just found it is interesting to share this idea :)
DODO bullishWe broke trend so i think we will see big pumps !! Indicators bullish too :-) Have a nice day
#DODO/USDT BUY/LONG CALL Lying above strong demand zone.#DODO/USDT BUY/LONG CALL
Lying above strong demand zone. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here
Targets: $ 1.05 - 1.2 - 1.35 - 1.55
Stop if 1D close below $ 0.75
By @cryptoAXEN
DODO🎇💣📈Dodo has broken a downtrend and successfully hit a pullback and is ready to move towards its higher goals.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
DODOUSDT Has Been Making HHs and HLs on H1
Welcome back Traders, Investors, and Community!
Hi Traders, DODOUSDT on H1 has broken above a long term Resistance line and also has been making HHs and HLs, Potentially it can go to 1.031
⬆️Buy now or Buy at 0.883
⭕️SL @ 0.790
✅TP1 @ 1.031
✅TP2 @ 1.23
✅TP3 @ 1.50
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
DODOUSDT Look BullishDODOUSDT (1H CHART) Technical Analysis Update
Falling Wedge Breakout
DODO/USDT currently trading at $3.15
Buy-level: $3.00 - $3.20
Stop loss: Below $2.41
Target 1: $3.70
Target 2: $4.00
Target 3: $4.45
Target 4: $5.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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