jpbrown1023

DGD - Bullish Wedge, Great Position for Gains

BINANCE:DGDBTC   None
DGD has had some bullish momentum since breaking out of its falling wedge in mid-September. The daily MACD has not only crossed the zero line, but the zero line is now acting as support. That's a bullish sign. The price action is sitting at the base of a broadening wedge pattern. This is a great spot for a low risk, high reward entry. A good short-term target would be the top of the wedge at around .008 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.