DAGBTC trade ideas
DAG Breakout, Retest, UptrendDAG broke out of what appears to be a close-to yearlong wedge. It retested the breakout and is continuing its uptrend vs bitcoin.
This is the perfect time for it to breakout considering the bitcoin weakness. RSI looks good, volume stepped in on the retest. This looks like a no brainer.
Previous Idea:
DAG/BTC will drop off over the course of the month. Then reverseDAG/BTC will continue to consolidate between the red trend lines with slight up and downs till it falls to the green support line around 0.0000006200 - 0.0000005850 Then it will take off upwards possibly closing the gap and hitting the blue resistance line one again, possibly around 0.0000013500.
DAGBTC biullishDAGBTC - Kucoin - After going on a massive run DAG has had a nice and slow drawn out correction and has now found previous Support/Resistance. Have already entered this trade but am revising New stop Loss here to reduce the risk. This is a low cap coin so position size needs to reflect that. I have only a small position as original stop loss was 44% but RR 8.15 so target is 360% so still a good trade if it plays out. An entry here with new Stop Loss would still be RR 5.49 but since it would be a small position stop loss would a soft stop loss.
$DAG / $BTC 4 Hour - @bitloin$DAG looks to be back in a heavy accumulation zone, with 80 sats being the bottom and 105 sats being the top. By the looks of it, I expect to see this staying here for at least a few more weeks. I would start building a long position with bids around 80 to 90 sats. Once accumulation is over, I am expecting fireworks!
$DAG / $BTC Daily - @bitloinLooking at $DAG as one of the lower caps with potential for a big run with $BTC dominance breaking down. Currently, $DAG is at horizontal resistance of about 105 sats after bouncing off horizontal and diagonal support at 92 sats. This one is tough, as there might be a slightly better entry in the coming days below 105 sats, but not a guarantee. Last time $DAG tested 105 sats it broke through with about the same volume. Stoch RSI is also bottoming out, so I would say this will trend up, potentially with another bounce off 92 sats before then. Time will tell!
DAGBTC - LongTested the red line resistance 3 times and looking to make a 4th attempt on the 4hr chart hopefully today or tomorrow. Attempt number 4 I believe we break the resistance at around 17500 sats. If we can flip this level and continue higher I can see this coin taking off. Low volume on Kucoin means if buyers step in we could see a crazy pump over coming weeks. Catalyst would be they have an announcement coming up Friday. This is a solid project with ties to the US Airforce. They plan to make an announcement Friday and from a TA perspective the chart looks great to me. I'm long until I see a minimum of 2x from my current buy.