DEGO 12h There are volumes, interest, and price growthDego Finance is an independent, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions, and trading. It offers a diverse mix of NFT and Decentralized Finance (DeFi) tools.
The project was founded by an anonymous team in 2020 at the beginning of the hype growth of DeFi projects.
Since then, the DEGO (utility token) used to manage the Dego Finance ecosystem has grown in value from $0.50 to almost $35 , a modest x70 growth.
The DEGOUSDT pair price correction began in March 2021 and only in May-June was synchronized with the BTC price movement.
In recent days, trading volumes began to enter the DEGOUSD trading pair (perhaps there is a fundamental news reason for this? Write about it in the comments)
Increased volumes mean increased interest, and increased interest can trigger continued growth.
As of now, there is a possibility of growth in the price of DEGO to the levels of $13.50 and even to $18.50
Local support where buyers will activate buying $9.00-9.50
More global support , where the DEGO price may fall in the future, is in the $6.50 region.
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Degoanalysis
the first target is the double !!! (+400%)✅ Buy: 16 - 17.50 ✅
🎯TARGETS:
1- $29.23
2- $52.00 ( take profit for 60% -70%)
3- $88.50
⚠️⚠️ leverage up to 5x till the first target only ⚠️⚠️
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $12.95
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DEGOUSDT Triangle FormationDEGOUSDT (1H Chart) Technical Analysis Update
Triangle formation
DEGO/USDT currently trading at $18.00
Buy-level: Above $18.75 (only buy if 1h candle closes above the triangle)
Stop loss: Below $17.00
Target 1: $19.45
Target 2: $20.20
Target 3: $22.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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DEGO testing the support zoneDEGO is an NFT and DeFi project and NFT coins are doing very well in this bull run. DEGO now testing the support line and we expecting a good bounce from here. DEGO broke the long downtrend with a big volume candle and now accumulation is going on for the next leg up.
Buy Zone: $16.8 - $17
Target: $18.78 - $19.94 - $21.2 - $23.6 - $26.8 - $28.9 - $31.3 - $34.4 - $38.7
DEGOUSDT Waiting for the falling wedge breakoutDEGOUSDT (4H CHART) Technical Analysis Update
Waiting for the falling wedge breakout
DEGO/USDT currently trading at $17.80
Long Entry-level: only buy after the resistance line breakout
Stop loss: I will update once I see the breakout
Target 1: $24
Target 2: $30
Target 3: $35
Target 4: $40
ALWAYS KEEP STOP LOSS...
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