DGB has fully retraced and seems to start a new market cycle.
Daily and weekly Stoch RSI and MACD looks good.
Heikin Ashi produced 3 green candles.
This seems to be the initial push, but may also be a part of the first wave.
If it breaks the daily Ichimoku cloud, we might start the rally but we also can fail to break the cloud.
I am looking forward to buy any retracement under the cloud, but also have some buys above the cloud at key points.
It already did a nice push on USD pair.
If more volume comes in, we might see over 900% gains in the folowing months.
As usual, targets are at key fib points that also match old support and resistance.
Daily and weekly Stoch RSI and MACD looks good.
Heikin Ashi produced 3 green candles.
This seems to be the initial push, but may also be a part of the first wave.
If it breaks the daily Ichimoku cloud, we might start the rally but we also can fail to break the cloud.
I am looking forward to buy any retracement under the cloud, but also have some buys above the cloud at key points.
It already did a nice push on USD pair.
If more volume comes in, we might see over 900% gains in the folowing months.
As usual, targets are at key fib points that also match old support and resistance.
Note
If you missed breakout, a good buy zone would be after it breaks daily cloud.See the following chart(and feel free to follow there, the work here will be discontinued)
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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.
Related publications
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.