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Digixdao

DGD/BTC: Important moment for upward breakout (25% - 75% profit)DGD is sitting on a strong long support and short term support which could indicate the bottom for DGD before breaking out. Buying range 29-31k. DGD seems to go inverse of what BTC is doing, and with the future contracts expiring this month for BTC, DGD might get a firm push upward to break out of the triangle. This breakout will result in a 25% - 75% profit. Other scenario: DGD is in a ABC-correction with this being the C wave. The C wave would extend to the bottom of the wave 4 upward which happened a little while ago. This COULD lead to DGD going to 0.019. Trade at your own risk.
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by Avicenna_omar
DigixDAO (DGD) Long Shot (370% Earnings Potential)DigixDAO Trade by Alan Masters DigixDAO (DGD) is available to trade on Binance. Compared to other trades, this one hasn't move much since bouncing from bottom, and still needs to accumulate longer before taking off, but the charts are showing good potential, we can make good profits trading this coin. Let's start by looking at the 4 hours per candle chart, then the daily and finally weekly, to see if the signals and indicators are on our side: CHARTS, SIGNALS & INDICATORS Here is the 4 hours chart: - Higher highs and higher lows can be spotted by looking at the MACD and RSI on this time frame. You can see this since the 29th March on the MACD and the 4th April on the RSI. - The RSI has been trending up since it touched the oversold line. - The MACD and RSI are already on an uptrend regardless of the price action being in a downtrend. - Positive divergence and bullish crossover on the MACD as well. - We are trading above the SMA20 and SMA50 lines. TRADE INSTRUCTIONS Buy-in: 0.030 - 0.035 DigixDAO (DGD) Targets: SHORT - MID TERM (1) 0.0390 (2) 0.0426 LONG (1) 0.0471 (2) 0.0541 (3) 0.0601 (4) 0.0691 (5) 0.0801 (All time high) (6) 0.1131 Stop loss: 0.022 Message: 1111 Wishing You The Best In this exact moment. To you the reader... I AM ALWAYS WISHING YOU THE BEST!!! Namaste.
DLong
by AlanSantana
67
DGD Idea - 2nd try, this time using trend analysisHere, I did my best to draw the trend lines for DigixDAO, and came up with 2 possible structures. First, there could be a large Descending Triangle (potentially bearish) forming, with price is testing the support line at the bottom of the triangle. But there is also a Downwards channel that I have identified, with 3 false breakouts that I circled. Using this structure, a bounce to retest the top of the channel may also be in order. Since the channel is going downwards, a break below it is more likely than a break up. Lastly, the price of bitcoin seems to have a significant impact on the price of this coin. Sometimes it is helpful to use the DAO to hedge against bitcoin. But last time bitcoin's price dropped, so did DigixDao's. This time may be different... we shall see :) ***Definitely not trading advice***
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by darth_bitcoin
3
DigixDAO - Bitcoin / Head and ShouldersThe Pattern A head and shoulders top pattern consists of three successive peaks: The middle peak, or head, is the highest and the two outside peaks, or shoulders, are lower at roughly the same level as each other. Connecting the reaction lows of each peak forms a level of support, also called the neckline. In order for the head and shoulders top pattern to be a reversal pattern, there must be an existing upward trend to reverse. Therefore, we must fi rst look for an existing uptrend. During the uptrend, the left shoulder forms a peak, marking the high point of the current trend. Following the formation of this intermediate high, the price declines to complete the formation of the left shoulder. Typically, the low of this decline remains above the trendline, preserving the uptrend for the time being. The head forms when the price reverses course and advances from the low of the left shoulder, rising above the high of the left shoulder. Following this new intermediate high, the price again declines to a level generally equal with the low of the left shoulder. This time, however, the reaction low usually breaks the uptrend, indicating that the uptrend may be at risk. Once again, the price reverses from the low of the head, forming the right shoulder. This intermediate high is lower than the head and usually of similar height as the left shoulder. Following the formation of the right shoulder, the price again falls. However, the price does not fi nd support and breaks below the neckline. Neckline Break The head and shoulders top pattern is ultimately confi rmed once the price breaks through the neckline, falling below the support line formed by the lows of the left shoulder and head. A fi nal confi rmation of this violation of support is a spike in volume, ideally greater than that seen during the formation of the pattern. If the volume is lighter at the neckline break than it has been during the formation of the head and shoulders top pattern, there is a greater chance that the price will move back to and above the neckline after the initial break below it. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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by TheWolfOfBinance
DGDBTC DIGIXDAO SET UP FOR SIZEABLE PROFITSGreetings! DGD is set for a MASSIVE RUN. Cup and handle breakout, falling wedge breakout, volume and btc going down. The chart speaks for itself. Target price of .069 Sell a little lower if you want to be conservative and not greedy LOL. Please like and follow. If I you want to reward me for the direction PLEASE s3nd eth 0xc61ff67ed15dba2590c8b9b80ce6700e9a4784bd, btc: 1NseZfkmqYLxApiupZiqBfUfQ8JDT9rntg LTC: LP3ttURYLgcFq7D3H1KuGmi8XSQpAUuhqb ADA: DdzFFzCqrhssQj3iShCwi2wT1CXr9tEueQXQRoNqG8x2W1siaoxUxYJu22wfMQnicvArMjnhNLWJP3nRa2yFdaAkgc8ECPFAvdHwaV4Q or direct msg me for any other coin address. Appreciate you and congratulations on making a profit with this move in a bear market!
DLong
by arlisjohnson3
4
DGD/BTC is back! What to do now?If you haven't noticed it already but DigixDAO, DGD/BTC is back! As I have discussed in my previous posts about the "imperfect" inverse relationship of DGD/BTC vs BTC/USD and the trading opportunity that goes with it. To a certain extent, it has shown to move rather inversely compare to Bitcoin prices but it has shown that it's definitely not a perfect hedge against a huge dip/downward trend of Bitcoin or the overall market. So don't trade it purely as a hedging instrument/coin against a Bitcoin drop cause it simply isn't and made for that purpose. But with that being said, there are definitely times/periods that you can see the inverse relationship and since DigixDAO made a bottom around $275 on March 14, it has bounced back considerably with volume back as before the downtrend. So with DGD/BTC price going up and breaking $400 again, volume has gone up considerably as well, we also can see that the not so perfect inverse relationship of DGD/BTC vs BTC/USD slowly but surely coming back: (BTC/USD in white candles) Having the awareness of the inverse relationship is good for your trading but remember not to purely trade on this. Instead, know it's there but trade the underlying coin and its pattern(s). DGD/BTC has been in a nice uptrend the last day or two and is now forming a sort of an ascending triangle pattern: If you believe that DigixDAO can hold and continues its upward trend (with perhaps a further weakness in Bitcoin), then look to buy anywhere near the upward trendline in bright blue or wait for a break of the triangle and resistance at around 0.052000. At the moment I rather go for the buy near the upward trendline approach cause it's closer to the trendline and could fall back a little more to touch the trendline before heading up again and since Bitcoin is moving up again. Taking this approach you'll also have more room for profits. If not, you can always go for the triangle/resistance break and adjust your strategy and targets accordingly. This is how you can trade DGD/BTC: Trendline Continuation Buy Area 0.046000 - 0.047000 Profit Target 1. 0.052000 2. 0.055250 3. 0.057800 Stop Loss: 0.044500 Triangle/Resistance Break Buy Area 0.051500 - 0.052500 Profit Target 1. 0.055250 2. 0.057800 3. 0.059500 Stop Loss: 0.049900 Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell. And you can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience to stay in the trade and let your winners run longer so you can have a bigger profit in the end. If you found this post informative and helpful, please give a like and or share. Leave a comment if you have any questions. And until next time, good luck with your trading!
DLong
by Trade_Masters
14
DGDUSD DigixDao Long Despite the downward trend in the market as a whole DGD has not fallen like the major currencies. This Modified Schiff pitchfork captures the price movement for the last several weeks. In the past few days price has ascended the downtrending line and held above them. Resistance has become support. In this bear market I am very wary and I will look for a bounce in ETH and BTC at the same time. Tight stop and no leverage. Charts of other currencies to follow but I would expect a bounce in the next few days
DLong
by a1Keith