DrDovetail

DGB potentially on verge of an inverted head & shoulder breakout

BITTREX:DGBBTC   DigiByte / Bitcoin
Could be an impending breakout...could also be a fakeout...watch for bullish volume to confirm. Probability favors a breakout with btc being so bullish lately, however there's not much room to climb up on the 4hr stochrsi...so it could still go either way.
have to look for patterns like this developing over a longer time scale, you can't necessarily call a head & shoulders on such a short time span, there is not enough data
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I think that is a pretty liberal interpretation of a H&S pattern.
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DrDovetail kryptikjim
@kryptikjim, please elaborate.
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gjmullen kryptikjim
@kryptikjim, looks spot on to me.
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I like this chart. looks good.
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