Mostly presented without comment. DGB had MASSIVE gains last time the charts were oversold like this on the larger timeframes. There's slight bullish divergence that looks like it did before reaching 13 cents. Is this too good to be true?! I mean, alts are eventually going to have to catch up, and DGB could be the perfect put since it has a LOT of room to fly...
a powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
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...
Some perspective on what some altcoins like DGB could do in the near future. Honestly I am growing a bit skeptical on new higher highs vs BTC since BTCUSD is going to be quite valuable by then but ATH area should be reachable.
DGB will probably move to the downside and create
a double bottom prior to running up to the upper trend
line and attempting a break out.
Once the Breakout comes, it should go into a full bull run.
Considering BTC appears to be coming down I believe that the alts could follow suit,
optimum scenario would be for DGB to create an Adam and EVE double bottom
Almost presented without comment. But basically, last 2 times we saw a monthly "buy" on the market god indicator, thousand+ percent gains ensued in subsequent months. It's about time, too. I am still in disbelief on this one after the bull market, but the community behind DGB is strong and almost relentless, so I'm just gonna keep my bags packed. I'd add more if...