DGD going downHead and sholders + lower volume + keeping in the same downtrend channel . The last stand here is at 42000 support level . If it brakes down I do not see any way DGD -10.71% will resume its global uptrend. Unless bitcoin 0.84% won't break through 11800 resistence and will go down. In this case traditionally DGD -10.71% has a tendency to go up. Strange but true =)
DGDBTC
DGD will Knock your Block OffFirst rule of DGD club: don't talk about DGD club.
We've got a nice Inverse Head and Shoulders forming here. This is a more reliable pattern than trying to make a handle to the cup out of the right side, and it'll still moon regardless.
Channel - Bounced around in a channel for a while before breaking out, forming the right side of a cup (though as I said I'm not optimistic about a full Cup and Handle forming), and then bouncing off the support to form the left shoulder.
Support - Both shoulders sit on the 43k support line and the head was formed when it broke through it. Very nice.
Trend Indicators - RSI looks like it'll hit the lower support and spike like it did recently and has done in the past.
C&H - worth a mention - the cup formed over the course of a month but it looks like it never had chance to form a decent handle as the H&S took precedent.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like .
There you have it! I've got to go, I've got a one-way ticket to the Moon.
~Retro
DGD - Make or Break? Inverse H&S > C&H?Just dreaming here. We will see VERY SOON if I have to wake up. BTC will tell!?
Just an observation, no financial advice!
DGD - Up or Down. What will it be BTC?Soooo. Which direction will it be. Usually the pennant should resume the uptrend. But as always... BTC will probably dictate the impulse. IF we go up, we SHOULD get a MACG crossing upwards on the 4hr chart. And then...Booom. Crossing fingers.
DigixDAO/BTC Correction passed strong support, next lows comingMy previous prediction was correct but the price corssed strong resistance (yellow dotted line) that opens a way for deeper ride.
DGDBTC 1HBig Cheds tipped me off on this one:
Possibly double bottom on the MACD and bullish cross on 1H and about to cross on 2H
OBV is rising.
RSI is rising in the optimal zone.
Waiting for confirmation of bounce of falling wedge/ 0.618 fib level
DGD - Ground floor in?Hey. Here is my all natural, eco and local handdrawn chart update for DGD. This is just what I a see here. I don't have a clue about TA. So better don't trust it. ;) No financial advice so to say.
I still hope for a C&H here. So this is what I see in my lucid dreams. Not sure if we are ready yet or if there is another leg down in.
As you can see I am not working with a fork on this. Hope you didn't get screwed while watching a fork that isn't one.
Let me know what you think. Educate me or tell me how stupid this is. THX.
DGDBTC MA (7) Turning UpwardsKeep your eyes peeled to the MA (7) and look for it to head upwards before crossing the MA (25). The double top most definitely has my attention, however the rebound was much better than the last double top. As always, BTCUSD is something that correlates closely to DGDBTC. I'm watching BTCUSD very closely to see if it breaks 11190.
touching top of pitchforkMy trade last night in retrospect could have been better. My sell target was too ambitious given the amount of room left to grow in this pitchfork. It could have been a good scalp between 55 and 57, but nothing more.
That being said the mid term outlook for this token is still good.
The price action is still moving well within the pitchfork and we can expect it to continue further.
Early warning signs of a reversal are when price action falls below pitchfork trading range in a rounded top or if it makes a parabolic move out and above the pitchfork (similar to the NANO rally).
buy target is 45-46 here, ill update with sell targets if we get that far.
DGDBTC: Binance - Short and Long term trendOf course, 2 possible options, but which one is correct ?... wait and see?
DigixDAO/BTC - Correction highly possibleBitcoin is about to cross downtrend line from $19k hence is about to long term trend reversal. There is reverse dependence between DGD and Bitcoin prices as we can notice in historical charts, which can be confirmed in current drop from impulse move of DGD. Drop below the high of wave 3 (0.044 BTC) should confirm ABC correction and should fall to at least 50% fibo which is very close to the high from February 8th.
DGDBTC Top reached. Time to Sell?Quick TA on DGD.
As we can see the top resistance has been hit twice, on the second attempt RSI is much lower. With a lower high now in play. Its safe to assume we are heading down.
DGD has performed extremely well when ever the market begins to show bearish signs. As you can see from the previous bull runs. Each Bull run is followed by a quick correction.
Easy money to be made.
Hope you enjoyed the TA :)
