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DEGOUSDT

DEGOUSDT (DEGO FINANCE) - BULLISH SETUP ANALYSIS 🔎 - DEGOUSDT hit an ATH and retraced. - Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - The retracement was bounded in the falling wedge (FW) pattern. - The falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance as expected. - This is a bullish signal. - Price action is printing the double bottom neckline on pattern. - The double bottom pattern is a bullish reversal pattern. - The downtrend at the right bottom was resisted by the descending trendline resistance (DTR). - Price brokeout above the descending trendline resistance. - This is a bullish signal. BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Horizontal resistance level (R1) / Neckline resistance (NR). - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Initial invalidation : breakdown below the double bottom horizontal support level (S1). - Final invalidation : breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
DEGOUSDTDego Finance is a NFT+DeFi protocol and infrastructure with two functions: The project acts as an independent and open NFT ecosystem drawing users to the blockchain space. The NFT Suite offers services covering the full NFT lifecycle, enabling anyone to issue NFTs, participate in auctions, and trade NFTs. Donation We are a team scattered around the globe and decentralization is our cause. We are grateful to all supporters thus far. To help DEGO sustain and build better products, we have decided to accept donations and here is the address for incoming donations. The use of each donation will be made public on chain ETH: 0x9Eb779Db80A0eA201EBa506b8708550B4BF633eF BTC: 1Pv7yLWSsfj5FpJzornfaS9yhq3SBqbBVA TRON: TGXvXcPZZofkkLYhE6hkXMTUj5cdKZYgp2 Polkadot: 13myyNpFTbmaDPh59EaBpQ4efodWk3GKKq5edK72dC9puFmH Binance Smart Chain: 0x9Eb779Db80A0eA201EBa506b8708550B4BF633eF
Long
by A638
DEGOUSDT Waiting for the falling wedge breakoutDEGOUSDT (4H CHART) Technical Analysis Update Waiting for the falling wedge breakout DEGO/USDT currently trading at $17.80 Long Entry-level: only buy after the resistance line breakout Stop loss: I will update once I see the breakout Target 1: $24 Target 2: $30 Target 3: $35 Target 4: $40 ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
10
DEGOUSDT (DEGO FINANCE) - BUY ENTRY ANALYSIS 🔎 - DEGOUSDT hit an ATH and retraced. - Price retested the flip horizontal support (FHS) and key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There was a relatively high concentration of buyers at the retest zone. - The retracement was bounded in the falling wedge (FW-1) pattern. - A falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance as expected. - This is a bullish signal. - The market is currently undergoing a minor retracement, testing the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - This minor retracement is bounded in another falling wedge (FW-2) pattern. - There's a breakout potential BUY ENTRY ⬆️ - Breakout above the falling wedge's (FW-2) resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the falling wedge's support and 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
DEGO/USDT short and mid term setupDEGO/USDT pair has formed a double top on 1H timeframe. The neckline is overlapping with the 0.618 retracement thus making it a key support In short term, price is expected to move inside the triangle bouncing between 0.5 to 0.618 which gives a potential capture of 8-9% Once ATR reaches low and bands contract even more lookout for a bearish pattern to enter a short position once 0.618 is breached. You can even wait for price to re-test 0.618 before shorting
Short
by kipawa