DODO/USDT Breakout from a PG on a daily basis

DODO is in an intact downtrend on the major time units. However, the last few days have given some hope for bullish times again. Perhaps it is only a short rally on the upside and the bears conquer the market again. So it is a difficult situation for long-term entries, because first the current trend must be broken.

The PG on a daily basis was built after the low at 2.44$ formed. Now the PG has already broken out some time ago and starts the way to the first targets on the upside.

The intermediate high at $5.67 would then be the next target and this level is very important. The downtrend is broken here and enables additional buyers. The old highs at 8.94$ are then again a topic but for this we probably need additional new PGs.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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☁️DODO/USDT are the good times coming now?⛅

DODO/USDT Breakout from a PG on a daily basis

The PG on a daily basis was built after the low at 2.44$ formed. Now the PG has already broken out some time ago and starts the way to the first targets on the upside.

The intermediate high at $5.67 would then be the next target and this level is very important. The downtrend is broken here and enables additional buyers. The old highs at 8.94$ are then again a topic but for this we probably need additional new PGs.