DEGOUSDT IMPULSE WAVE ON THE MOVEAssalamualaikum and hello fellow trader,
It seems like DEGO pattern is trying to make an impulsive wave which we know is money baggs!
Price is at Bollinger lower band, fuel level (RSI) is enough for the aeroplane to fly,
If you take a look at a larger time frame, potential Cup and Handle pattern is possible,
again! market is very volatile so please always put a stop loss!
its okay to miss the trip to the moon,
rather than miss the trip back to earth. Its a very lonely situation ahahaha.
Do leave comment and suggestion cuz im very new, so i can improve myself.
Have A nice day!!
and this is not a financial advise.
DEGOUSDT trade ideas
DEGO finance bottomed + HUOBI exchange listing !DEGO finance bottomed + HUOBI exchange listing !
We just witnessed a spike of the price regardless of btc still dumping , besides there's a small change in DEGO/BTC pair where DEGO is outperforming BTC a bit !
this just happened right after DEGO finding support at around $12 area and DEGO FINANCE team announcing there might be HUOBI listing soon , this in my opinion ( Not a financial advice ! ) an opportunity where we could see DEGO finally breaking $20 resistance and head to $25~$30 area !
the first target is the double !!! (+400%)✅ Buy: 16 - 17.50 ✅
🎯TARGETS:
1- $29.23
2- $52.00 ( take profit for 60% -70%)
3- $88.50
⚠️⚠️ leverage up to 5x till the first target only ⚠️⚠️
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $12.95
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DEGOUSDT Triangle FormationDEGOUSDT (1H Chart) Technical Analysis Update
Triangle formation
DEGO/USDT currently trading at $18.00
Buy-level: Above $18.75 (only buy if 1h candle closes above the triangle)
Stop loss: Below $17.00
Target 1: $19.45
Target 2: $20.20
Target 3: $22.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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DEGO testing the support zoneDEGO is an NFT and DeFi project and NFT coins are doing very well in this bull run. DEGO now testing the support line and we expecting a good bounce from here. DEGO broke the long downtrend with a big volume candle and now accumulation is going on for the next leg up.
Buy Zone: $16.8 - $17
Target: $18.78 - $19.94 - $21.2 - $23.6 - $26.8 - $28.9 - $31.3 - $34.4 - $38.7
DEGO could be a nice hold for the next monthDEGO has seen a wave (1) come in very quickly upon listing, followed by wave (2). We think that (2) has now completed because of the smaller degree move up labeled as 1, which is likely to be followed by an enormous move up. This is because wave (3) will tend to target the 161.8% extension of wave (1), as shown on the chart for the take profit level.
This trade will take entry either at 15.50 (the 61.8% retracement of wave 1), or when price is able to break above the Point Of Control shown by the red line at 17.8 again.
DEGOUSDTHi all,
DEGO is new coin on Binance exchange so chart isn´t so long... but TA give us awesome RRR. We have to try to go IN.
Who want - wait for touch of support line but I´ll go IN right now.
Danger: As always BTC and dominantion - because this is SHITcoin. So use SL and you can sleep well :-)
LbL_CZ