The weekly DGBUSD chart is showing great similarity to the classic market cycle psychological setup, along with multiple touches already this year of the 1 cent support line which is looking weaker by the day as we sit there without any movement.
I'm looking for another leg down into the depression phase that could see the price go as low as $ 0.005
I will be...
DGBUSD is next GEM for me.
My analysis say that it will be Sky rocket soon and 1000% profit within next cycle.
My entry will be $0.008-$0.01
And exit point where you feel good.
I think #DGBUSD will be my best ROI coin of 2019-2020
Not financial advice.
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The downtrends in Bonfire indicators above the price should bring some bullish momentum. Pivots are marked and the goal is a a nice cross up over SN, DL and Buffer..
More on Bonfire indicator @ docs.google.com
I don't think DGB gets enough attention despite the community's great work, so I'll go ahead and point out that it's up 44% since its low and has made a very clean set of higher lows along that journey. Worth a read if you haven't looked into it yet. Very trade-able price action if that's your thing and tremendous risk:reward setup if you think the project has...
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
don't you love a good trade war?
China fines Ford $160 million for monopoly status
China initiates campaign to produce all of its own semi conductors
China warns tourists of traveling to USA citing violence towards foreigners
And I can't wait to see how many more punches to the gut the glorious leader of mmMerica will deal out for corporations