Double bottom forming below previous ATHTo further the bullish momentum there's a double bottom forming on the hourly!
DAOUSDT trade ideas
Looking strong and closing in on ATHDAO has clearly broken out of and retested the previous downtrend, shows signs of following the blue channel especially with the level of volume behind it. Don't forget to prepare for the case of it following the yellow channel and crashing, no matter how unlikely. Personal targets are already laid out with red horizontal lines, the dotted lines are possible levels of significant resistance/support. The green drawing is an ideal scenario and the pink is what I consider most likely
Good luck everyone, I hope you enjoyed my first post!
DAO Maker - March targetsDAO Maker successfuly launching decent projects by its SHO social mining model. During the recent @MyNeighborAlice many investors turn 500$ into 100ks within seconds. New projects like $DAFI in and $ALN in the pipeline. I expect at least 100% return within next weeks as the $DAO getting more spotlight effect within the crypto community.
DAO - $10.48DAO is currently trading close to the resistance zone of $4.70. If it can break this resistance and close a few 4 hourly candles above this zone, we could start seeing a quick move towards $4.86, $5.12, $5.45, $6.41, $7.97, $9.52 and $10.48. Failure to break the resistance could lead to further accumulation and drop towards the lower support zones at $4.32 and $3.91 before continuing further.
Is This The Way of the Dao?I'm going out on a limb here, because obviously there is so little information on this chart, BUT...
Three rising valleys: Three lows, the following higher than the proceeding, with two ascending tops. It looks a lot prettier on the 12 hour chart.
The Fib points match the channel as well... and I this is the first time that I have been able to use the Fib Channel Tool, so, YAY!
Normally, this would be very bullish, but since we don't have any history, we have to work with what we have.
Very high risk, but could be very high reward in a very short amount of time.
Breakout DAOCurrently, it has been able to do breakouts and pullbacks with the support of MA50. It can test the green trend and resistance. After retesting on the trend, it can start its upward trend for the above goals.
Please like the analysis
DAO / USDT Looks Bullish on 1H!DAO / USDT Looks Bullish!
DAO is moving in ascending triangle, and we are currently sitting on the ascending support line.
In addition 100 & 200 SMA are about to cross, which is extremely bullish signal.
Remember about SL!
DAO ST (February 18th 2021)DAO Maker (DAO) (February 18th 2021 through March/April 2021)
Low: $3.84
High: $17 - $28 - $45
Just taking a look since this appears to be newly trading on KuCoin for the first time.
I have a feeling it will take off so long as the market remains bullish through the next couple months or more.
I definitely can't trust this chart but its just a speculation for now, fibs are based only on the data we've been given so far so its not really 100% reliable, but something along the lines of the paths I've drawn could make sense to me as of right now.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
DAO/USDTDAO is a new project listed on Kucoin, it's been consolidating for a while within the same price rage. This could blow up soon enough, if BTC does not crash the party.
Also expecting it to be listed on more exchanges soon
DAO Maker Token - next blockchain unicornMeet Dao Maker token - $DAO.
It was born 2 days ago, but the baby already has many abilities.
$DAO - benefits for HOLDERS:
- Governance
- Collateral to sponsors lending markets
- Cashback Program
- Rewards Distribution
- Priority in token allocation
- Fee Reduction (VB Exchange)
Take a look at Polkastarter - 140M Mcap with just one token utility - the opportunity to get a ghostly chance to receive allocation. That's all.
DAO is now sitting at 50M Mcap and and it is only the beginning of its ascent. Look at the team, study tokenomics, background, past projects, evaluate the community, DYOR - you will understand everything, I just give you a hint. The next unicorn was born, its legs are still too weak, but it is growing and getting stronger.
GL, see you soon.
