Hey guys, I'm new to tech analysis so feel free to offer constructive criticism or advice.
DGB just barely touched resistance and seems to be retracing slightly. Based on my analysis with the cloud + fibs, it looks like this could be followed by a bull run up through 1k sats. The RSI is through the floor, and the cloud flipped to green a few days ago and is maintaining a strong bullish trend. Switching to the 1-day chart shows the start of a cloud flip to green starting a potential longer-term bullish trend. First target 1k sats, then retracement, next target 1.3k sats.
DGB just barely touched resistance and seems to be retracing slightly. Based on my analysis with the cloud + fibs, it looks like this could be followed by a bull run up through 1k sats. The RSI is through the floor, and the cloud flipped to green a few days ago and is maintaining a strong bullish trend. Switching to the 1-day chart shows the start of a cloud flip to green starting a potential longer-term bullish trend. First target 1k sats, then retracement, next target 1.3k sats.
Comment:
I realized I was not only incorrect, but spectacularly so! On the bright side, DGB is now on sale for any of you long-term holders out there.