Analysis $DEGO
Current price: 0.3682
• The currency rose strongly by about +37%
• Reached a peak of 0.3924 and then started a minor correction.
Indicators
EMA Averages
• EMA7 = 0.3535
• EMA25 = 0.3115
• EMA99 = 0.2969
The price is above all averages → the trend is strongly upward.
RSI
• RSI6 ≈ 75
• RSI12 ≈ 77
This means that the currency is overbought → a correction or fluctuation may occur before the rise.
Key Areas
Support
• 0.353 nearby support
• 0.336 strong support
• 0.311 major support
Resistance
• 0.392 current resistance
• 0.40 psychological resistance
• then 0.44
Scenarios
Upward Scenario
If it breaks 0.392 and holds above it:
Targets:
• 0.40
• 0.42
• 0.45
Correction Scenario
If profit-taking begins:
Targets downwards:
• 0.353
• 0.336
Best way to trade now
Do not buy at the peak now.
Wait for one of these:
1️⃣ Entry after correction
• Buy: 0.35 – 0.355
• Target: 0.39
2️⃣ Buy after breakout
• Entry: 0.395
• Target: 0.42
Stop loss:
• 0.334
Current price: 0.3682
• The currency rose strongly by about +37%
• Reached a peak of 0.3924 and then started a minor correction.
Indicators
EMA Averages
• EMA7 = 0.3535
• EMA25 = 0.3115
• EMA99 = 0.2969
The price is above all averages → the trend is strongly upward.
RSI
• RSI6 ≈ 75
• RSI12 ≈ 77
This means that the currency is overbought → a correction or fluctuation may occur before the rise.
Key Areas
Support
• 0.353 nearby support
• 0.336 strong support
• 0.311 major support
Resistance
• 0.392 current resistance
• 0.40 psychological resistance
• then 0.44
Scenarios
Upward Scenario
If it breaks 0.392 and holds above it:
Targets:
• 0.40
• 0.42
• 0.45
Correction Scenario
If profit-taking begins:
Targets downwards:
• 0.353
• 0.336
Best way to trade now
Do not buy at the peak now.
Wait for one of these:
1️⃣ Entry after correction
• Buy: 0.35 – 0.355
• Target: 0.39
2️⃣ Buy after breakout
• Entry: 0.395
• Target: 0.42
Stop loss:
• 0.334
