Trade Signal: DODOBTC - SELLDear Traders,
We have identified a potential trading opportunity in the DODO/BTC pair based on thorough analysis and the application of the EASY Quantum Ai strategy. Please review the details below for your consideration:
Direction: Sell
Enter Price: 2.27E-06
Take Profit: 2.21E-06
Stop Loss: 2.38E-06
Analysis & Justification:
The decision to issue a sell signal for DODO/BTC is rooted in several key factors identified by our proprietary EASY Quantum Ai strategy. Recent market trends have shown a weakening in buying momentum, as evidenced by declining volume patterns and a shift in moving averages towards a bearish configuration.
Additionally, the DODO token's price action has encountered significant resistance near the 2.38E-06 level, suggesting an exhaustion of bullish momentum. With multiple indicators signaling a potential downward trajectory, the proposed entry point aims to capitalize on this emerging trend while maintaining a disciplined risk management approach through a well-defined stop loss.
Recommendation:
As always, ensure proper risk management and adhere strictly to your trading plan. While the EASY Quantum Ai strategy leverages advanced analytics to inform our outlook, market conditions can change rapidly. We advise constant monitoring and adjustments if necessary to align with evolving market dynamics.
Happy trading!
Disclaimer: This signal is provided for informational purposes only and should not be construed as financial advice. Trading involves risk, and you should only invest capital that you can afford to lose.
DODOBTC trade ideas
DODOBTC Grew 9,222% In 2021 In 49 Days, Read This With Me...Hello my dear Cryptocurrency buyer, let's diagnose this chart together and distill what it means to us and the Altcoins market.
We are looking at DODOBTC long-term, on the daily timeframe.
The first thing that caught my eye was the 2021 All-Time High. This pair peaked at 0.00052300 BTC, which is simply incredible. From top to bottom, the entire bullish phase produced a massive 9,222% wave. The whole process lasted 49 days which is really fast.
49 days is really fast but at the same time it is a long time to see a pair growing, over and over, more and more for almost two months. Imagine, it would be impossible to know or guess when it would stop.
The pair peaked in February 2021. In the last cycle, the majority of the Tether (USDT) pairs and the market in general peaked in May 2021 or November 2021. Notice how the Bitcoin (BTC) pairs move ahead of the pack. It will be similar this time around.
First, it would be possible to enjoy DODOBTC in full and then proceed to earn from the rest of the USDT pairs and other pairs available across the market. This is the situation in which we are in now. The ALTS-BTC pairs will move first. Pay attention because it is still early but once it starts going it will be too late.
The reason why the BTC pairs move and peak first is because once Bitcoin starts to go, these will start to bleed. There will be many exceptions and variations of course.
Now that we have examined the past, let's consider the beautiful future.
We do not have a map for this type of pair so we don't know, yet, how far up it will go... Here I am giving you two targets based on Fibonacci extensions: 465% and 1,475%.
It will be possible to make better predictions about the final target once the bullish wave starts to unravel and some of the pairs peak first. Based on the levels these pairs hit, we can extrapolate the data and come out with possibilities for the other pairs.
Namaste.
✳️ DODO Moving Towards Bullish Breakout (240% Easy Potential)Today DODOBTC is moving above EMA10 but wait... This isn't a major development nor the best signal... It is timing, that's what I feel.
We have a consolidation phase that is likely ending after a new All-Time Low is hit... That's the most important part, the ATL.
Once we hit bottom...
As prices move above EMA10 potential switches towards the bulls, this signal is only confirmed once the daily session closes above this indicator which currently sits at 324 satoshis (0.00000324).
A classic bullish divergence is present with the MACD and RSI, this happens when we hit bottom and the trend is about to reverse.
➖ We started with the "bearish phase"; left.
➖ Then we entered the "consolidation phase"; middle.
➖ And now we are heading towards the "bullish phase"; right.
...The only place left to go is up!
It looks nice, the market as a whole.
All green, everything green, Cryptocurrency, Bitcoin & the Altcoins ready for growth.
Namaste.
$DODO/#BTC [#DODO]: Resistance_BreakoutHey traders, we've identified a Resistance Breakout on the $DODO / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.00000787 | 0.00000865 | 0.00001063 and the major support zones are respectively at 0.00000589 | 0.00000469 | 0.00000271. It is a bullish indication and we may consider entering at the current price zone at 0.00000641 and targetting higher levels.
Technical Metrics :
Current price: 0.00000641
24H Volume: 5.0894 Ƀ
24H Price change: 5.255%
- Pivot Points - Levels :
Resistance: 0.00000787 | 0.00000865 | 0.00001063
Support: 0.00000589 | 0.00000469 | 0.00000271
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: BUY
Technical Indicators Summary : BUY
- In-depth DODOBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Did you miss the FIrst Opportunity on DODOBTC? In case you missed the first opportunity that presented itself for a buy of DODO with some BTC, this analysis shows that you can still join the train and get yourself some DODO with your BTC. As usual, we see basic Market structure and Price doing it's thing. After a break of structure, the market is doing another complete retrace which coincides actually with the FIB 61.8%. This is very interesting because, we can a see a rejection or a bounce off the TL and also, this is a double Bottom into place. All of this a showing Buying pressure on DODO. In a short term, we are looking at the -0.272 for target1 and -0.5 for the target2.
N.B: This is not a financial advice. Make sure to do your own research on the pair, make good use of risk and money management cause as we all know, the Crypto market is a very volatile market.
DODOBTC: important level" What Is DODO?
DODO is a DeFi protocoldecentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM).
The PMM pricing mechanism, which mimics human trading, utilizes oracles to gather highly accurate market prices for assets. It then provides enough liquidity close to these prices in order to stabilize the portfolios of liquidity providers (LP), lower price slippage and negate impermanent loss by allowing arbitrage trading as reward.
DODO also caters for new crypto projects with a free ICO listing through its Initial DODO Offering (IDO) which requires issuers to only deposit their own tokens.
DODO’s smart contract operates as an ERC20 token on the Ethereum network.
Who Are the Founders of DODO?
Dodo was officially launched in August 2020, founded by Diane Dai, Radar Bear and an anonymous development team. It initially attracted a $600,000 seed round led by Framework Ventures.
The team announced in September 2020 that it had successfully completed an additional $5 million private sale funding round, led by Pantera Capital, Binance Labs and Three Arrows Capital.
The private sale round also attracted investment from several other prominent venture capital firms, cryptocurrency exchanges and trading firms that include Coinbase Ventures, Galaxy Digital, CMS Holdings and Alameda Research.
What Makes DODO Unique?
DODO positions itself as one of the most competitive liquidity providers that offers very low transaction fees and price slippage through its PMM algorithm, first conceived in April 2020.
The team claims their PMM algorithm provides superior pricing over that of AMM competitor Uniswap due to a flatter price curve.
The PMM collects funds near market prices to establish enough liquidity, which drops quickly the further the price moves from the market price. DODO automatically adjusts market prices in order to attract arbitrage that will help keep liquidity provider portfolios stable.
This ensures more favorable pricing, higher fund utilization and decreased price slippage, single risk exposure and no impermanent loss (explained here).
For traders, DODO offers sufficient liquidity comparable to that of centralized exchanges (CEX), which can be natively used by smart contracts for on-chain transactions such as liquidation and auctions. Arbitrageurs can also take advantage of price differences between DODO and other exchanges.
Liquidity providers are not required to make a minimum deposit and are not restricted on the type of asset they provide. LPs can create their own trading pairs, deposit their own tokens to negate price risk and also collect a portion of DODO transaction fees as rewards.
DODO also attracts new crypto projects with a free listing as an Initial DODO Offering (IDO). Unlike AMM protocols, DODO does not require quote tokens, and IDO projects only need to deposit their own tokens to the liquidity pool, after which the PMM creates its own ask-side depth. To start an IDO, a project needs to only set the oracle price to a constant. Liquidity is improved by depositing more quote tokens." source: CMC
DODOBTC is testing the trendline 🦐DODOBTC is testing the trendline and the daily resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Crypto|DODO/BTC|LongLong DODO/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
Red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.