Weekly
Looking at our trend timeframe we see DMD is stuck in a major downtrend with no signs slowing down. Stochastic rsi showing monumentum has bottomed out, but still no signs of reversal. Expecting price to fall towards 20000, and bounce off this level, if we do not bounce off this level, it gets scary.
Daily
Shifting over to our pattern timeframe we see...
A security entry point after the breach of the EMA indicator from the MA index
Purchase price up to 0.00110000 BTC
Selling price in several stages starts from
0.00124490 BTC
0.00163760 BTC
0.00195500 BTC
0.00227240 BTC
0.00330000 BTC
Here we see DMD forming the cup bowl of a Cup & Handle pattern on the 1Day. Ichimoku cloud shows that DMD is well into an uptrend and should continue on this trajectory. There is definitely huge potential here, given that it has held steady in the past few days of bearish market sentiment.
DMD Coin had nice uptrend move in the lawt 2 days with over 100% profit and look like it retrace now and finding pretty strong support around the 0.00200000 Satoshis.
Coin volume not very high and i think it can jump pretty soon and keep with the bullish trend !
i choosing to go for 25%-40% profit with a quick uptrend movement. and its bitcoin can go up anytime...
