DigitalX continues to frustrate after I jumped in at 6c expecting a rally. With Bitcoin at ATH area, DCC continues to show no sign of rallying, dropping through 6c Support. If it doesn't catch at this range, I anticipate 5c-sub 5c range as shown on chart.
How a company that is a digital asset funds management business share price fall while the very asset it supports is soaring is beyond my comprehension. I will continue to watch and wait for Support to be found.. hopefully at this 6c level
RSI showing oversold and potentially double-bottoming, and little volume supporting this long drawn out dump. We shall have to wait and see what the market reveals is the next move.
Open to discussion and thoughts as always.
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While DCC dropped slightly below 6c and offered a cheaper bargain, catching the lowest point should never be the ultimate goal.
In for 6c, and with BTC going on a run, DCC has followed a little. I would have hoped for more of a pump, but may just take time before it reflects this.
The double bullish hammers and positive gap is causing DCC to look very bullish and may break the current downtrend with some volatility to the upside. I'd like to see a strong breakthrough and hold above the 10c mark this coming week, or at least a push close to in preparation for a strong break.
The company is run by a bunch of crooks who just issue more shares and dilute shareholder equity. Their Share price ain’t going to above .30c like it did in the last crypto boom. Low trading volume also. Good company to stay away from.
massadventure
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@BarryBTC, I must confess i've been feeling the same of late. Btc tanks, price tanks, btc booms, price barely moves.
I'm becoming more and more weary, if i'm honest. Will wait to see what happens when/if it can break out of this downtrend.
You make a great point about the distribution of shares though.
Massivet
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I had the same idea that buying shares in dcc 3 years ago and they would 20x in the next boom phase. But realised the company is crap and has not real value. The guys running the show are lining their pockets of investor cash. That’s it. @massadventure . It might pop but its going to be brief and the liquidity in the market wont be enough to support your trade.