DGB possible scenario 6/1
DGB will probably move to the downside and create
a double bottom prior to running up to the upper trend
line and attempting a break out.
Once the Breakout comes, it should go into a full bull run.
Considering BTC appears to be coming down I believe that the alts could follow suit,
optimum scenario would be for DGB to create an Adam and EVE double bottom
then attempt a full breakout after that. I think if a breakout is attempted sooner
it may fail to break out of the existing trend long term trend lines.
a double bottom prior to running up to the upper trend
line and attempting a break out.
Once the Breakout comes, it should go into a full bull run.
Considering BTC appears to be coming down I believe that the alts could follow suit,
optimum scenario would be for DGB to create an Adam and EVE double bottom
then attempt a full breakout after that. I think if a breakout is attempted sooner
it may fail to break out of the existing trend long term trend lines.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.