DODOUSDT trade ideas
The DODO lives!Recently posted a similar chart for CAKE - DODO is much the same in both TA and FA terms at the moment.
DODO has been printing lower lows since its Binance listing and has now formed a reversal pattern with higher lows beginning to emerge. Looking at various charts similar patterns can be seen as a launch pad for much greater gains. MACD on the 4 hourly is crossed over in an upward swing as are the 20 and 50 day MA's are about to cross upwards showing momentum is shifting to the upside.
DODO is a decentralized exchange hosted on the Binance Smart Chain and is part of the new wave of decentralised exchanges currently sweeping the crypto space - thought to have the potential to rival Ethereum in the near future. As such the new smart chain tokens appearing on Binance are looking to be seriously hot stuff.
Yet to moon after its recent listing in a market that is producing gains into several thousand percent's and upwards, DODO has immense upside potential as one of the first comers in this market, maybe not so extinct after all....
DODO usdt - expect a retest and break of resistance DODO usdt - expect a retest and break of resistance - Expect to see $4.80
Everytime there is a pullback on DODO we see a strong rise.
The current 1h timeframe shows this.
Good strong trendline.
If it breaks resistance we'll see $4.80 - perhaps even a $5 DODO again.
will dodo become as great as btc?imagine if you buy dodo at that price, then in just 1 year, dodo make it to a very high price lol...
DODO usdt - $4.50 Dodo?If DODO breaks the 4h resistance we'll see a $4.50 coin.
Rising EMA and good tradign volumes.
I remember writing like this for DOT, Sushi and Uniswap back in November!
DODO Targeting $10 AREA TRY TO ACCUMULATE SOME $DODO UNDER $5 AREA
COMMENT, LIKE, AND FOLLOW FOR MORE INFO ABOUT $DODO AND $BTC
🔥 DODO Bullish Action After Strong DeclineDODO has been newly added to the Binance exchange around two weeks ago. Since it's inception, DODO has faced strong bearish pressure, leading to a vast decline in value over the course of two weeks.
Today, DODO has seemingly breached this pattern and it is showing some bullish price action. Higher highs and higher lows are a prime indicator for a bullish trend.
This trade is based on the idea that DODO will hit R1 and reverse towards the Entry line. Once it has done that, this signal is valid. Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥Rocket DODO🚀Support the idea with like!)❤️
#DODO/USD
📌 Give X? Rocket DODO🚀
🔹Analysis: DODO has broken the counter-trend line and is now preparing for the start, the goals are indicated on the chart.
Resistance lines - possible sell / correction, you can fix part of the position. All goals are shown on the chart. This is just my opinion, it may not coincide with yours.
DODO risky setupYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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DODOUSDT (DODO) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- This is a double setup analysis on DODOUSDT.
FIRST SETUP
- The bounce off the horizontal support level (S1).
- Price is testing the horizontal support level (S1).
- The downtrend is resisted by the descending trendline resistance (DTR-2).
- There's an uptrend potential.
Buy entry ⬆️ : breakout above the descending trendline resistance (DTR-2).
Target 🎯 : horizontal resistance level R1(neckline resistance).
Setup invalidation ❌ : breakdown below the horizontal support level (S1).
SECOND SETUP
- This setup remains valid if the first setup plays out as expected (price breaks out above DTR-2 and hits the neckline resistance.
- Price would be the testing the neckline resistance.
- This would form the double bottom pattern.
- A double bottom pattern is bullish reversal pattern.
Buy entry ⬆️: breakout above the double bottom neckline resistance.
Targets 🎯 : horizontal resistance levels (R2, R3).
Setup invalidation ❌ : breakdown below the previous swing low.
DODO usdt to go down to day supportFalling support and resistance levels.
Falling EMA and falling trade volumes.
Things aren't looking good for the DODO project.
But really good buying at 1 day support.
I think DODO is the next Sushiswap.
DODO/USDT possible move out of the falling wedge soonNot financial advice. This is only what I would consider to do depending on Bitcoin and Bitcoin dominance at this stage.
