DODOUSDT wants to go higher?DODOUSDT has recently experienced a massive breakout from a falling wedge pattern.
The falling wedge is a technical chart pattern that occurs when the price of an asset is in a downtrend and begins to consolidate within a narrowing range, forming a wedge shape. This pattern typically signals that a bullish reversal is imminent, as the price is likely to break out from the wedge pattern and continue higher.
In the case of DODOUSDT, the price broke out from the falling wedge pattern in the $0.1 area and experienced a massive bullish impulse.
This breakout was likely driven by increased demand for it, as well as positive news or developments within the DODO ecosystem.
However, in order for the price to continue its upward trend, it will need to create a new breakout from the daily resistance level. This may require a period of consolidation or even a retracement, as traders take profits and reassess their positions. According to Plancton's rules, this could present a buying opportunity for long-term investors who believe in the potential of DODO USDT.
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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 -> <= 1h structure.
Follow the Shrimp 🦐
DODOUSDT trade ideas
DODO price is preparing for a powerful growth of +100-200% ?The DODOUSDT price chart shows that the price bottom has been "trampled" over the past six months.
The largest accumulation and set of long positions occurred in the range of $0.12-0.17 . Therefore, as long as the DODO price is above this liquidity zone, there is a good chance that an upward trend will start.
And the fact that trading volumes have increased sharply in recent days may suggest that buyers are serious and will be able to push the price up to $0.50 . And, if you're lucky, up to $0.87 )
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DODOUSDTDODO also has an important feature called SmartTrade. This enables a decentralized liquidity aggregation service that routes and compares liquidity sources to quote the optimal swap rate for trading tokens. Another unique feature of the platform is Crowdpooling. Here, liquidity markets are available, allowing projects to distribute tokens equally without interference from bots. The grouping feature also allows users to create their own market making strategies.
DODOUSDTHello. You can see the upcoming chart of DODO/USDT in the daily time. I had to use the weekly chart due to the better display of all the movements and better understanding of the audience. First, we will start by examining the structure // We see the downward trend during It was last year and we continue to witness 3 upward start movements, which failed to break the dynamic line in 2 attempts and also did not break and stabilize above the 100 and 200 day averages, and these two movements continued to lead to the creation of a bull trap and hunting for the loss limit of buyers. In the new year, with the rise of Bitcoin and the TOTAL 2 index, and due to the hunting of the buyers' loss limit (number 3 in the picture), a new upward movement with an acceptable upward momentum, which leads to the failure and stabilization of the price above the average of 100 and 200 days, followed by the loss of long-term dynamic resistance, which promises us the possibility of potential growth and price rally. Also, the formation of a price corner fuels this possibility. Areas 0.15 to 0.11 with respect to capital management and loss limit of 0.098 and with the first target of 0.206 (short term) and target Second, I have 0.26, 0.38, and 0.475 dollars in the medium term for volatile friends. Moreover, due to the low volume of dominance of this currency, while heavy purchases are diverted by the Walls, we can expect a price pump ($0.75) or a rally. The goal of my humble servant was to show a suitable situation for buying ideal currency, and friends should definitely use capital management as a constant weight in all their transactions and should definitely consider entry and exit in the form of stairs.
DODO/USDT VisionThe target is $0.27 then it will go through levels $0.4... $0.58... until reversal at $0.86... after$ 0.86 I don't know where it goes! But in the short term this is a good idea. Dodo has a lot of liquidity in its pools and also moves billions. Everyone only looks at DODO Coin but forgets who is behind it is DODO Ex, which has a lot of liquidity and a lot of institutional capital just waiting to enter the game.
Dodo Token Project DODO/USDTThe Dodo Token project is an innovative and exciting project that has the potential to revolutionize the DeFi space. The token is designed to be a decentralized, trustless, and permissionless platform that allows users to securely and efficiently trade digital assets. The project also has a strong focus on community engagement, and its goal is to create a vibrant and engaged ecosystem of users. The future of the Dodo Token and DeFi is very promising, and the project has the potential to become a major player in the DeFi space.
DODOUSDT can take new directionsFTX crash delayed the market but was what was needed for the bottom confirmations. The market tends to reverse, the bears will be waiting for the train and will lose the chance to buy at a super discount. The market for the next few years has great highlights for DEFI. The Future has arrived, decentralized exchanges will value 1000x.
Check: DODO/USDT | Change of plans | Change of plans. With so much centralized exchange crash and various problems, the bull is being delayed, but looking at this triangular figure that is forming, we have a possible laterality ranging from 0.26 to +$0.3. But don't expect anything higher in the next few days, maybe $0.48 ... 0.6 will come in the next few months. Look ahead and see a sea to swim in and a decentralized exchange will gain a lot of marketcap.
DODOUSDTDODO 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.