DODOUSDT.P trade ideas
DODOUSDT - BULLISH SIGNAL UPDATE!!As you all know, DODO is not performing well from last 11 Months and according to the Chart patterns, BULLISH Pattern is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal.
DYOR Before taking trade, as I'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Duration:
MID TERM TRADE (2 - 6 Months)
Happy Trading :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
DODUSDT - Short by Supertrend 5/14/2022- 4h timeframe: Supertrend indicator > Short.
- 1h timeframe: Wait a correction (Long) and breakout long for short to open a Sell follow 4h timeframe.
... Long correction (Supertrend 1h)
...Long correction be broken:
* Author trades real at Binance Future.
- Commission = 0.06% (Binance future broker)
DODOUSDT BUTTERFLY PATTERNThe Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
DODOUSDT - Double BottomDODOUSDT (4h Chart) Technical analysis
DODOUSDT (4h Chart) Currently trading at $0.433
Buy level: Above $0.430
Stop loss: Below $0.356
Target 1: $0.460
Target 2: $0.50
Target 3: $0.535
Target 4: $0.60
Max Leverage 3x
Always keep Stop loss
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Anticipating the next movesDodo had nicely impulsed off the low and has now what it seems started the next impulse after correcting nearly 99% of the previous leg leading to nice high levels (0.74-0.93) for this wave 1 of 3
Lets see how this works out.
Hold my beer pls
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No financial advice, do your own research, don't be stupid
DoDo's Clean Market Structure Break. I saw a really interesting chart from MartyBanks about DoDo, I've linked it in the related ideas.
So I decided to look back and chart DoDo. After a massive dump it found support on the weekly level and more recently bouncing from daily support.
From there we had a clear market structure break on the daily. You could make a case and say that we actually had two market structure breaks on the daily timeframe and formed a daily order block at the .489 level. The 9day ema cross of the 21day ema also shows signs of bullishness.
I'm now waiting for a retest to enter. Targets are .518, .500 and .481.
I recommend watching the idea linked to get a better grasp of the situation.