DGB has finally started a new cycle and hasn't disappointed yet. After a nice jump out of the channel yesterday, DGB experienced some well deserved pull back to the 300 level. Now it's finding ground on the upper trendline of the lower channel it just jumped out of, which might be a good entry-point to jump on the DGB train. We wait for MA 20 und 50 to cross back again and for MACD to cross which might be a strong signals. If we fall down into the lower channel, I expect support at 250 sats.
Buy-In: More Risk: 280-300 sats (S/L: 230) Less Risk: 240-250 sats (S/L: 200)
Targets: T1: 360 sats T2: 420 sats
Let's have some DGB fun!
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Keep your eyes on XVG since both trends seem to mirror each other!
Trade active
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Our new setup mirrors the one before the last pump! Those to boxes only differ in scale, bute the pattern is the same:
[img][/img] (hope this works)
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Two new signals popping up: MACD Cross + MA 20 crossing the trendline. Last time, this was our starting point! Let's go!
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[img][/img]
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We made a nice jump to MA 50, but then the BTC drop stopped further upward movement. DGB now dropped to the 0.382 fib which is the middle of the lower channel. We should find support here as long as BTC finds its ground at 12 k. Once this stabilisizes, we should continue the climb!
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New signal: MACD crossed, MA 20 and now 50 crossed as well - let's give it another shot!
[img][/img]
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Crucial moment here - we either get a pull back from the upper trendline of the lower channel, or a nice jump above!
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And right when we got the perfect set up - again - there is a BTC drop - again! This might double bottom at 250 and then have another shot!
T2 is reached and going higher! Anyway reversal should happens!! Any ideas?
bit_Chipper
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DGB went nuts last spring and this time around there is so much more money in the markets, could get really interesting. Good TA and thanks for the updates, anything lower than 275sats is a great buy
BigFudge
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@bit_Chipper, totally agree! This new cycle should be really interesting to watch (and to buy in)!
kayton.marshall
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no targets yet?
BigFudge
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@kayton.marshall, Targets are still 360 (last high) and 420 (potential new high)! Since it was beautifully recreating momentum yesterday, I'm optimistic we will see another try once BTC stabilizes!