There is no doubt $DAG is the new kid on the block looking to climb up the ranks. In my opinion it is THE hidden gem with the best chance due to its outstanding use-cases, which are proven in their recent partnerships forming - emphasizing the possibilities of a good long-term trade. Although I highly believe in the long-term future of $DAG - it is still appropriate to always buy in at the lowest point to maximize gains, and therefore hopefully this setup will present to you guidelines in achieving this.
Technical Analysis:
We have had a strong rally in recent weeks due to the partnerships forming (USAF, LINK etc) and therefore we need to look for a strong-pullback to buy in.
The TA suggest we should see an opportunity to go long between the 0.5 & 0.618 fib, which will coincide between the 50 & 100 ema's, which I have marked in green. This is your buy in opportunity.
Furthermore, I suggest you start to dollar cost average within this region to enable a higher probability of achieving the bottom. We should see the complete bottom to be @ previous resistance @ 150 sats
Happy trading.
As always, leave me a like if you have found my content useful :)
Technical Analysis:
We have had a strong rally in recent weeks due to the partnerships forming (USAF, LINK etc) and therefore we need to look for a strong-pullback to buy in.
The TA suggest we should see an opportunity to go long between the 0.5 & 0.618 fib, which will coincide between the 50 & 100 ema's, which I have marked in green. This is your buy in opportunity.
Furthermore, I suggest you start to dollar cost average within this region to enable a higher probability of achieving the bottom. We should see the complete bottom to be @ previous resistance @ 150 sats
Happy trading.
As always, leave me a like if you have found my content useful :)
