$Degen Prediction! Daily Chart
Hello Traders,
I've been closely tracking the Degen chart since May of last year, and I’m excited about the recent developments. After a period of low volume last November, we're now seeing a significant uptick over the past few days. When I analyzed the chart, the price was at $0.0136, and the volume was surging.
I'm anticipating at least a 60% gain! The key decision point lies in the $0.020 to $0.023 range. If we can break through this crucial zone, there’s potential for the price to reach $0.030 or even higher.
Currently, the RSI sits at a robust 57 points on the daily chart, indicating ample room for growth. With moving averages showing a strong bullish trend and oscillators remaining neutral, the outlook is promising! I see a good opportunity but make sure to do your research!
I've been closely tracking the Degen chart since May of last year, and I’m excited about the recent developments. After a period of low volume last November, we're now seeing a significant uptick over the past few days. When I analyzed the chart, the price was at $0.0136, and the volume was surging.
I'm anticipating at least a 60% gain! The key decision point lies in the $0.020 to $0.023 range. If we can break through this crucial zone, there’s potential for the price to reach $0.030 or even higher.
Currently, the RSI sits at a robust 57 points on the daily chart, indicating ample room for growth. With moving averages showing a strong bullish trend and oscillators remaining neutral, the outlook is promising! I see a good opportunity but make sure to do your research!
Note
Important note: If you plan to enter this action midway, wait for a pullback on the 4-hour chart for a safer entry. It may not be significant, but still worth considering!!Note
A minor pullback has occurred on the 4-hour chart, bringing the price down to just below $0.014. This may or may not be sufficient for the current trend. Predicting an extremely bullish setup for a rebound is challenging, as prices have been operating at an RSI of 80+ for an extended period on the 4-hour chart. Currently, we could either pull back to the low to mid $0.13 range or rise to about $0.016-$0.018, where we might consolidate for a while. At least, this situation provides safer entry opportunities below $0.014, but these may not last long! !!!EXTREMELY BULLISH CHART!!!Note
Good news! Degen has consolidated around $0,014 range and appears to be preparing for another strong move. The RSI on the 4-hour chart is still above 70 basis points. When a coin becomes extremely bullish, this is a very positive sign. Now, moving above $0.016 should be an achievable target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.