DODO
DODO which makes DeFi liquidity more accessible, uses its own proactive market-maker algorithm to offer better liquidity and price stability instead of automated market makers, which many other DEXs use. Anyway, DODO has been in a downtrend for a while. However, recently the price has broken the downtrend line upward and then retracted to make another minor downtrend line; DODO broke that too and then made a sharp upward wave. It seems DODO is signaling a reversal. Let's see what happens.
Nota
DODO made two signs of reversal, first breaking the major downtrend line, then oscillating in a sideways. The only confirmation remain is to break the first horizontal resistance area, which failed to break two times now. Let's see what happens.
Nota
So, DODO couldn't go up and reach the horizontal resistance area. DODO went down to touch the lowest low for the third time thus making a triple bottom. Then, DODO started an upward wave, trying to break the major downtrend line. If successful, DODO can go up toward the major horizontal resistance area. Let's see what happens.
Trade attivo
So, DODO broke the downtrend line and is going up toward the major horizontal resistance area. Let's see if DODO can break this area or not.
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