DigixDAO downtrend continues as price continues to produce lower lows and lower highs. At the same time DGD/BTC is trading within two descending channels, one inside the other. The interesting thing is that current price is at the bottom of both channels while the RSI oscillator is showing the bullish divergence on the 4h time-frame.
Fibonacci applied to the corrective wave after the btc 0.0288 support breakout shows that 127.2% Fibs is being rejected, although there is no clean bounce of that support. DigixDAO could continue moving lower and perhaps 161.8% Fibs at btc 0.023 will be the bottom of the current wave down.
To summarize, it seems that DGD/BTC is getting ready for a corrective move up or a potential trend reversal to the upside. Nevertheless price still could go slightly lower and more confirmations of the correction/reversal would be preferable.
Hello
I love your ta .
I trade some bcpt and i loss money .can you do ta for that????
OfficiallyBrady
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that just smashed thru support :(
lolimssulose
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Great chart! I hope your right as im holding bags from .029... should sold when we broke .028... that's actually where I had my SL but knew DGD was volitile so I removed it... lessons learned haha! Do you have a time frame for when you think we'll see this move take shape (your chart suggests the end of the month)