#DEGO/USDT#DEGO
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 1.555
We have an upward trend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.83
First target 2.02
Second target 2.30
Third target 2.60
DEGOUSDT trade ideas
DEGO setting up a parabolic movement!Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.
Dego is confirming the broken level at 2$ barrier, exiting from his first base stage 1.
We are looking to see this price to go near 4$ with a possible price explosion, but we also need to look at the bullish volumes that must to come with that price movement.
We aim to go near 4$ as a possible first target.
lets see it
what do you think?
Dego or not Dego?
good trading!
DEGOUSDT Trading Signal: Sell OpportunityFellow traders,
Here is an exciting trading opportunity on the DEGOUSDT currency pair. Based on our analysis using the EASY Quantum Ai strategy, the current direction indicates a Sell position.
Entry Price: 1.647
Take Profit: 1.62266667
Stop Loss: 1.68566667
The decision to recommend a Sell position is based on several factors:
1. Technical Analysis: Current price action suggests downward momentum with DEGOUSDT reaching a resistance level near 1.647. Historical data shows consistent rejection in this zone, indicating potential for price decline.
2. Market Sentiment: Recent shifts in sentiment metrics point towards bearish market conditions, with increased selling volumes overpowering buying pressure.
3. Quantitative Indicators: EASY Quantum Ai's proprietary indicators signal decreasing bullish energy, supporting a Sell decision. These indicators are tailored to capture market microstructure changes, enhancing prediction accuracy.
4. Moving Averages: A cross of short-term moving average below the long-term average reinforces a developing bearish trend.
This signal is crafted to balance risk-reward effectively. The Stop Loss ensures loss limitation above recent volatility spikes, while Take Profit aims to capitalize on the expected downward move.
As always, we advise traders to manage risk according to individual tolerance levels. Happy trading!
Best,
EASY Quantum Ai Analysis Team
#DEGO/USDT#DEGO
Our price is moving downwards on a 4-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the support area at 1.44 and we have a green support level at 1.60.
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price is 1.60
The first goal is 1.88
Second goal 2.11
Third goal 2.40
DEGOUSDT.1DLooking at the daily chart for DEGO/USDT (Dego Finance paired with US Dollar Tether), several key technical indicators and trends stand out that guide my trading decisions:
Trend Analysis
The price of DEGO has been in a prolonged downtrend as indicated by the downward trajectory since May 2024. Recently, there was an attempt to reverse this trend as the price moved above the descending trendline S1, signaling a potential shift in market sentiment.
Support and Resistance Levels
R1 ($1.791) and R2 ($1.995): These levels act as immediate resistance zones. R1 is particularly important as it has recently been tested. R2, slightly higher, may serve as a secondary target if the price continues to rally.
S2 ($1.220): This level now acts as the key support after the recent upward movement. Its role will be crucial if there's a retracement in the price.
S3: Although not specifically marked with a price on this chart, it would typically be the next significant lower level below S2, possibly around previous lows.
Technical Indicators
MACD: The Moving Average Convergence Divergence is trending upward, with the histogram showing increased momentum which is a bullish signal.
RSI: The Relative Strength Index is near 62.74, suggesting that the asset is approaching overbought conditions but still has room for upward movement before becoming overly extended.
Current Market Position
The price at approximately $1.563 is above S2 but below R1. The recent spike in price and the position of the RSI and MACD suggest bullish momentum that could test R1 in the near future.
Trading Strategy
Given the current setup, my strategy would be cautiously bullish. I would consider taking a long position near the current levels with a tight stop loss just below S2, aiming for a target at R1. If R1 is broken with significant volume and confirmed by the MACD and RSI staying strong, extending the target to R2 might be viable. However, due to the volatile nature of DEGO, maintaining tight stop losses and re-evaluating positions frequently would be essential.
Conclusion
The chart presents a potential for short-term bullish action within a long-term bearish context. It's important to manage risk effectively, particularly in crypto assets like DEGO, which can exhibit high volatility. This analysis will need to be updated as the market develops, especially if new highs or lows are tested, or if the indicators show signs of reversal.
#DEGO/USDT#DEGO
The price is moving in a downward channel on a 4-hour frame and is adhering to it well, and the price has rebounded from the green zone. It is expected after the correction.
After rebounding from a significant decline, the downside gap is expected to be filled
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is expected to break higher to support the rise
Entry price is 2.20
The first goal is 2.54
Second goal 2.76
Third goal 3.00
DEGO Finance almost set for a pretty sharp breakout #DEGO is almost ready for the long waited #breakout
The cup and handle on the daily #chart is almost formed with its cup forming an almost perfect rounding bottom with a pretty matching #volume.
The #RSI is forming a bullish falling #wedge as well, confirming the reliability of the pattern.
#DEGO/USDT#DEGO
The price is moving in a head and shoulders pattern on a 4-hour frame, and the right shoulder has been completed
We have a strong upward trend in the RSI indicator, and the price sticks to the price
It is expected to rise at 3 levels. Entry price: 3.79
First goal 3.84
Second goal 4.09
The third goal is 4.32
the stop below the right shoulder
#DOGE/USDT#DOGE
The price is moving in a downward channel on a 4-hour frame, about to break upward
The area in green is a very strong support area, from which the price rebounded at $3
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability moving average of 100
Entry price. 3.20
The first goal is 3.40
The second goal is 3.6
the third goal is 3.84
#DEGO/USDT - Long - Potential 39.42%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: 5%
Exit:
โข โฟ Target 2 : 3.809 39.17%
โข โฟ Target 1 : 3.113 13.74%
Entry: 2.737 โ 2.737
โข โฟ Current market price: 2.739
Stop: 2.293 (-16.22%)
Technical indicators:
Just broken 2.7 resistance which has held for months, RSI momentum and trendbreak.
โข โฟ 24h Volume: 6953923.96022
โข โฟ Satoshis: 2.737
โข โฟ Analysis: TradingView
DEGO ANALYSIS๐ฎ #DEGO Analysis ๐ฐ๐ฐ
๐๐ As we can see that there is a formation of Falling Wedge Pattern in #DEGO in 4hr time frame. Also it is trading above its support zone. Breakout above the descending resistanve leads to a rally towards $3.411 ๐๐
๐Current Price --- $2.141
๐ฏTarget Price -----$3.411
โ๏ธ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #DEGO . ๐๐ธ
๐ทRemember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#DEGOย #Cryptocurrency #DYOR
DEGO |:-:| DEGO FINANCE ~ Launchpad ๐ชHello ๐ it's me your RAJ ๐ professional trader โจ
This idea ๐ก
is completely my own analysis to explain situation _&_ market conditions of CRYPTO:DEGOUSD ๐ช
How this coin valid for long term ๐ explained clearly BASED on history ๐คช & #TA ๐ #DYOR
Note ๐ coin ๐ช have potential High risk ๐ฅ $0 to hero ๐
๐ Present circulation supply was 14.3M by the end of 2025 , it will be 20M
Only #CZ & binance holding 60% supply ๐ less supply easily manipulated ๐
I recommend PPL to go with unwanted liquid ๐ฐ CRYPTOBETTING ๐
Don't try to use all liquid ๐ฐ or 20% of ur long term liquid bag ๐ฐ just give 5% below priority
::-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-::
BUY || accumulation phase ๐
โก $0.45 - $2.2 ( below / above just stop ๐ )
+
|| ๐ Sell :|: distribution phase ๐ ||
๐ฏ :: $10-13
๐ฏ :: $30-50
๐ฏ :: $138-187
๐ฏ :: $580-752 ++++++
๐๏ธ Try get ur liquid ๐ฐ back at $10.5 above I used to call as " principal trade "
๐๏ธ Close 20% bag at $12-13
๐๏ธ Close 60% bag at $30-50
I am not expecting more than $300 but based on #TA with #FA provided
No technical data history to explain about technical analysis โฐ
I have done ๐ my research ๐ on LAUNCHPAD projects based on funding i review this ๐
__________________________________________________________________________________________
๐ชฉ disclaimer :
โถ๏ธ TQ u for supporting ๐ follow idea ๐ก get updates everytime โฐ when I updated ๐
Note ๐
๐ keeping comments , reacting with emojis , pointing us is very easy to some people
They think ๐ฌ what they see ๐ that was knowledge ๐
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull ๐ and bear ๐ป is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important โบ๏ธ
Some Times market easily turn suddenly bear // bull ๐คฃ even we need to catch ๐ซด those movements is also very important โบ๏ธ ๐
I hope i cleared my view ๐ if any points if I miss I will add in update ๐ post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day ๐
DEGO Finance TargetsDEGO is looking bullish to me.
Has a nice bullish momentum ahead.
May go up in the next 24-48 hours
About :
Dego Finance is a decentralized finance (DeFi) project that aims to revamp the purpose and utility of non-fungible tokens (NFTs) through an array of fun and clever applications.