Long

DGD in Accumulation

By OakAndClay
Updated
Just took a position in BINANCE:DGDBTC. It has settled on some strong support and looks like its in accumulation. I have my stop loss set for .0276 for a %5 risk of loss and looking for a target at .0437 for a %50 gain. As the price moves up I am going to move my stop-loss up.

Digix just launced their DGX marketplace, with gold backed DGX tokens. DGX is different than DGD. DGD is the fuel for exchanging DGX and proof of stake in the DAO. If you want a stable coin to store wealth in, consider converting ETH to DGX on the Digix marketplace.
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This wave pattern is so tight on the hourly. It's gotta be ready to pop soon.
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Here is the DGDUSD chart. Without passing ATH we are looking at 100% gains.
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Looking at the 4H

There could be early signs of a trend developing here.

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Projecting it out on the 1D with Fib Retrace targeting.

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Check out how DGD is interacting with the triangle on the 1H chart.

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Took a step up yesterday and is finding support at previous resistance.

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accumulationbuysignalChart PatternsDGDBTCdigixdaostop-lossTechnical AnalysisTrend Analysis
OakAndClay

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