SpartaBTC

DODO / USDT Accumulation channel. Breakout resistance.

SpartaBTC Uppdaterad   
BINANCE:DODOUSDT   DODO / TetherUS
This idea is a continuation of the previous one, for monitoring price movement on an interactive chart. Accumulation channel 26%. Breakout of the resistance of this channel. Potential development of an uptrend. Be vigilant in your work. Read the last trading idea, this one is a continuation of it.


Last update of this trading idea. Since the last update (minimum values during a trend reversal), the price has made + 55% at the moment

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+60%
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The local trend developed to the resistance of 4.43 (+ 50% from the breakdown of the local downtrend, or almost + 40% from the last update). The resistance zone of 4.43 was not crossed. What is right. Overcoming this resistance zone by a "market maker" would mean driving the price up in a falling market (when the scared ones merge into the market), which is absurd, but this is exactly what those who want money "here and now" want and have absolutely no idea how it works market. They only want what they have imagined for themselves, but what is not reality. At the moment, a "double bottom" has formed, which can be reformatted into a "Dragon" pattern. There are 3 potential long entry points when a trend develops. The second is optimal (breakout by the price of the downtrend secondary trend (red trend). You can work with the risk with the local downtrend (purple). Always remember about the big "wiring" that was made when adding this coin to Binance
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