In case you missed the first opportunity that presented itself for a buy of DODO with some BTC, this analysis shows that you can still join the train and get yourself some DODO with your BTC. As usual, we see basic Market structure and Price doing it's thing. After a break of structure, the market is doing another complete retrace which coincides actually with the FIB 61.8%. This is very interesting because, we can a see a rejection or a bounce off the TL and also, this is a double Bottom into place. All of this a showing Buying pressure on DODO. In a short term, we are looking at the -0.272 for target1 and -0.5 for the target2.
N.B: This is not a financial advice. Make sure to do your own research on the pair, make good use of risk and money management cause as we all know, the Crypto market is a very volatile market.
N.B: This is not a financial advice. Make sure to do your own research on the pair, make good use of risk and money management cause as we all know, the Crypto market is a very volatile market.