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DEGO / TetherUS

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DEGOUSDT trade ideas

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 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
Long
by moon333
16
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