DGB / TetherUSUpdated DGB- good wedge formation
Hello everyone
The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days.
On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and go up to resistance level 0.027$.
P.S. : Wedge pattern is more likely to have a reaction,because of higher time frame , and volume.
The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days.
On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and go up to resistance level 0.027$.
P.S. : Wedge pattern is more likely to have a reaction,because of higher time frame , and volume.
Note
25 Apr 2022:Today's bar had a small selling pressure,the possibility of having a double bottom pattern is high.
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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.