Degen

$Degen has been REALLY insane these past few days. 

With the host of exchanges Listing $Degen on both spots and perpetuals. This obviously resulted in the parabolic move of $Degen.

Right here with another analysis of mine which is ONLY for Educational purposes and Not Financial Advice. 

 $Degen made a local high of about $.036 and right about now, it can be seen in the 4H timeframe alongside its Relative strength index that $Degen has been OVERBOUGHT and also trading in an ascending triangle with the corrective wave being imminent. This corrective wave with all things being equal could send us around $.022-.023.

As soon as the corrective wave ends, we could see a rally back to its initial resistance of around $.029-0.30.
In an event where this resistance gets broken, we could however see a massive run to around $.049.

Remember, this is ONLY valid where market conditions are stable and where the fundamentals favor it. 

⚠️ DYOR. NFA
ONLY FOR EDUCATIONAL PURPOSES.

Hat stays on.
Gm 💜🎩

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Whatever I post is not financial advice always do your own research