TA explained
DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here:
As you might have figured from the chart, we are already in the trade aiming for the given targets. However, I still did want to share it publicly because of the high potential there still is for DODO towards the given targets. Even first target is still 27% away from current price level.
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MDSquared Crypto Lounge
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
DODO is following text book price action so far after the formation of the W-pattern and the pullback to retest the neckline of it. Since the breakout of the descending channel/falling wedge end of September, price has been trending upwards. The trend is even more clearly visible on the 4H chart as can be seen here:
As you might have figured from the chart, we are already in the trade aiming for the given targets. However, I still did want to share it publicly because of the high potential there still is for DODO towards the given targets. Even first target is still 27% away from current price level.
—————
MDSquared Crypto Lounge
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)