DEGOUSDT trade ideas
DEGOUSDT Long above $34 usd !DEGO/USDT LONG breakout imminent ! , however all depends on BTC ,
BTC needs to stabilize or rise up slowly .. !
then prediction would be fulfilled .
downside : if BTC keeps on dumping this won't look good for all / most ALTS !! including DEGO i am afraid !
i have a bag of DEGO i am HODLING , this is normal , in worst case scenario all would be down for the next 2 weeks then we will see major recovery or even major breakouts !
Patience is key !
🆓Dego Finance/USDT Analysis (23/3) #DEGO $DEGODEGO is at its important support at 18$ zone, if it keeps losing this zone, it will go down gradually to 14$ zone. But if the buying force come back to push it up, it will turn back and move up to 22$, 26$ and even 36$ zone in the next few days
📈BUY
-Buy: 17.5-18.5$. SL if B
-Buy: 21.5-22.5$ if A. SL if B
📉SELL
-Sell: 21.5-22.5$. SL if A
-Sell: 26-27$. SL if A
-Sell: 35.5-36.5$. SL if A
♻️BACK-UP
-Buy: 13.5-14.5$. SL if B
❓Details
Condition A : "If 4H candle closes ABOVE this zone"
Condition B : "If 4H candle closes BELOW this zone"
DEGO finally ready for its big break ?! ~Expansion idea~CONTINUATION of yesterdays idea ..
DEGO has been fooling around and gathering a lot of support. Looks like she's about to blow. Stayed above support triangle and has been trending sideways, possibly building momentum for its break as it comes to the end of it's downward trend. Lets go DEGO💎🚀🏁+
(P.S. Feel free to give input/constructive criticism, still learning😄😛)
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.
Trade the breakout in ~2 daysBeing a new token, we think that Dego would like to break out to the upside so we are waiting for a 4 hour candle with substantial volume to close above the white trendline of the triangle. Profit will be taken at the upper extreme of the resistance region and we can stop loss below the green support region.
Dego Finance (DEGO) forming bullish BAT for upto 184% big rallyHi dear patrons, hope you are well and welcome to the new update on Dego Finance (DEGO) token.
On the 12-hour chart, the price action of the DEGO token is forming the last leg of the harmonic bullish BAT pattern. On breaking down EMA 20 the pattern will be confirmed.
This trade has a big profit possibility of 184% and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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