DODODODO which makes DeFi liquidity more accessible, uses its own proactive market-maker algorithm to offer better liquidity and price stability instead of automated market makers, which many other DEXs use. Anyway, DODO has been in a downtrend for a while. However, recently the price has broken the downtrend line upward and then retracted to make another minor downtrend line; DODO broke that too and then made a sharp upward wave. It seems DODO is signaling a reversal. Let's see what happens.
DODOPERP trade ideas
DODO/USDThe main trend of cryptocurrency is -98%, forming a cup (saucer) pattern. The price breaks out through the saucer as it's the best selection over time. In the secondary trend, the formation of three wedges appears, and on the breakout, there is always a pump. Now, the price is breaking out of the wedge, so it's possible to trade on the breakout. Don't forget to take your profit at 80-100% growth.
DoDo future What is the future of this?
Given the general conditions of the crypto market, Route 2 is more likely to be realized. But anything is possible, all the important lines were drawn and these important lines remained in the current situation that are the decision makers. Of all the lines drawn, the green line is the most important, which should not be broken downwards
DODO Is Back From The DeadReversal breakouts are setting up all over the place right now!
Our FTXPERP list is primed and ready.
So what have we noticed?
1. Price has trended significantly towards the downside and the sellers are now starting to look exhausted
2. Change in market structure
3. Price setting a new support level
4. Divergence between price and RSI
Targeting 2:1 as initial take profit and will move stops up with market structure