DODOUSDT trade ideas
DODOhey traders, there is dodo, we waited it for a long time so, we need a close above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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DODO/USDT ANALYSIS(WATCHLIST) Dodo/usdt has been in a strong downtrend for awhile, which is more evident with the by just looking at the naked chart, Trendline and also by the use of moving average(MA) in this case the Exponential Moving Average(EMA).
We can see that all three EMA 20,50 and 200 shows clearly that its in a downtrend.
If Dodo/usdt can break and then close above the trendline, then we can be assure of a trend reversal, with that our bias will be to go long.
But if it closes below the trendline, then we should look for shorting opportunities.
DODOUSDT - LONG TERM SIGNAL UPDATE!!As you all know, DODO is not performing well from last 6 months and according to the Chart patterns, Decending Bullish Flag is formed, Breakout formation and also indicators giving bullish signal.
LONG Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
Good Luck!
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