Head and sholders + lower volume + keeping in the same downtrend channel . The last stand here is at 42000 support level . If it brakes down I do not see any way DGD -10.71% will resume its global uptrend. Unless bitcoin 0.84% won't break through 11800 resistence and will go down. In this case traditionally DGD -10.71% has a tendency to go up. Strange but true =)
I'm somewhat new to this, so any feedback that you have is appreciated.
First rule of DGD club: don't talk about DGD club. We've got a nice Inverse Head and Shoulders forming here. This is a more reliable pattern than trying to make a handle to the cup out of the right side, and it'll still moon regardless. Channel - Bounced around in a channel for a while before breaking out, forming the right side of a cup (though as I said...
Pump up the jam. Or I am off for the night. Cuddling with BTC.
Just dreaming here. We will see VERY SOON if I have to wake up. BTC will tell!? Just an observation, no financial advice!
The indicators looks very similar to me.
Soooo. Which direction will it be. Usually the pennant should resume the uptrend. But as always... BTC will probably dictate the impulse. IF we go up, we SHOULD get a MACG crossing upwards on the 4hr chart. And then...Booom. Crossing fingers.
My previous prediction was correct but the price corssed strong resistance (yellow dotted line) that opens a way for deeper ride.
Hey. Here is my all natural, eco and local handdrawn chart update for DGD. This is just what I a see here. I don't have a clue about TA. So better don't trust it. ;) No financial advice so to say. I still hope for a C&H here. So this is what I see in my lucid dreams. Not sure if we are ready yet or if there is another leg down in. As you can see I am not working...
Will we see a cup and handle here. Just in case I am right with this one:
Keep your eyes peeled to the MA (7) and look for it to head upwards before crossing the MA (25). The double top most definitely has my attention, however the rebound was much better than the last double top. As always, BTCUSD is something that correlates closely to DGDBTC. I'm watching BTCUSD very closely to see if it breaks 11190.
DGD corrected from one side of the pitchfork to the other.
It's moving fast. So this is what I am looking at. In already with 50%.
My trade last night in retrospect could have been better. My sell target was too ambitious given the amount of room left to grow in this pitchfork. It could have been a good scalp between 55 and 57, but nothing more. That being said the mid term outlook for this token is still good. The price action is still moving well within the pitchfork and we can expect it...
Of course, 2 possible options, but which one is correct ?... wait and see?