#DGB : Upto 300% Profits Opportunity In The Mid Term.
#Accumulation_Recomendation
Pair : #DGB / #BTC
Platform : #Binance
RSI : 49
Volume : A good amount of volume circulating on the 1D chart.
**Note : #DGB was on a downward trend for such a longer time and tried to make a reversal move on Mid May which was once again rejected and goes down to the lowest points. For now it showed a very good bullish candle stick formation and seems to be breaking the falling resistance line depicted by red line. If it can continue to and close above the red resistance line it will be a confirmation for a reversal upward trend and a beginning of an elliott waves creation. MACD seems to be returning to be bullish and RSI is already in a bullish state. Further EMA is looking bullish too in favor of the bulls for now.
Current Accumulation Area : 150 sats - 165 sats
Distribution Targets
Short Term :
Target 1 : 177 sats
Target 2 : 195 sats
Target 3 : 210 sats
Target 4 : 238 sats
Target 5 : 251 sats
Target 6 : 273 sats
Mid Term :
Target 7 : 308 sats
Target 8 : 421 sats+
Stop Loss : 124 sats
Risk : High
Capital Allocation : 5%
Pair : #DGB / #BTC
Platform : #Binance
RSI : 49
Volume : A good amount of volume circulating on the 1D chart.
**Note : #DGB was on a downward trend for such a longer time and tried to make a reversal move on Mid May which was once again rejected and goes down to the lowest points. For now it showed a very good bullish candle stick formation and seems to be breaking the falling resistance line depicted by red line. If it can continue to and close above the red resistance line it will be a confirmation for a reversal upward trend and a beginning of an elliott waves creation. MACD seems to be returning to be bullish and RSI is already in a bullish state. Further EMA is looking bullish too in favor of the bulls for now.
Current Accumulation Area : 150 sats - 165 sats
Distribution Targets
Short Term :
Target 1 : 177 sats
Target 2 : 195 sats
Target 3 : 210 sats
Target 4 : 238 sats
Target 5 : 251 sats
Target 6 : 273 sats
Mid Term :
Target 7 : 308 sats
Target 8 : 421 sats+
Stop Loss : 124 sats
Risk : High
Capital Allocation : 5%
