DigixDAO (DGDBTC) failed to break MA200 (black line) back in late March. After a short retrace that lasted up to 20 days, DGDBTC managed to break above resistance with good strength and volume, it is now challenging EMA200 (bold orange line).
We can see the last few daily candles for DigixDAO being very bullish.
First, we have the big green candle on the 18th...
DigixDAO (DGDBTC) is preparing to move.
Looking at the chart above, daily time frame, I am spotting the following signals; Feel free to hit LIKE now before we get started:
Challenging EMA100 (strong resistance). A break above this level can confirm a strong bullish move.
EMA10 and EMA50 bullish crossover.
High volume breakout above EMA50.
Bullish MACD and...
$DGD Rising slowly from ATL support... If we check previous iterations with this levels, it always provided a good bounce to 400/5100sats zone...
UCTS Buy signal on the 6H
Stoch RSI coming out from Oversold values
Volume still really low but looks good for accumulation
Daily Setup on $DGD this is going to be a purely technical play just listening to the chart as the daily 50sma is turning into support which could lead to more spike.
The 200sma is squeezing in on the price, so I am expecting a push near .005+
$DGD Reaching the edge of a Descending triangle next to ATL support...
Trying to cross over EMA50,
Volume has been increasing over the last days,
RSI rising but slowly, MACD flat.
This could take some time to trigger but eventually will follow the market... #DGD
BINANCE:DGDBTC on the daily here shows us a couple things. When it moves, it flys mostly because of the extremly low supply. Also, it's been ranging flat in accumulation for 6 months.
My plan...SET SELL ORDERS AND WAIT!
Commodity : DIGIXDAO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-7 days
Investment in trade : 10% of the total Trading Balance.
Prospective Profit :...
DGDBTC is a strong breakout after months of bear action.
The RSI has gone bullish in one shoe and a huge increase in volume can be appreciated.
You can expect additional bullish action coming from DGDBTC in the weeks to come ahead.
Short term support and resistance levels:
Thanks a lot for reading.
. DIGIXDAO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While price downtrend in the daily chart is not broken, bearish wave in price would continue.
Price is in the support zone (0.16500 to...
. DigixDAO/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
. There is a possibility of temporary retracement to suggested support zone (0.195 to 0.155). if so, traders can set orders based on Price Action...
If you take a look at DigixDAO price now and compare it to its all time high back in January, you can see a 93% drop. DigixDAO shredded all of its gains, and other than the fact that the price bounced from its Dec. 2017 low, many signals on the charts are pointing to an upcoming up wave. Let’s take a look.
Here we have a 3D chart (3 days per candle):...
DigixDao sounds like Chinese something... Yes, it probably is. Since the office is in Singapore that probably Chinese board members on it and you can confirm that in their website. This is not racist something and you shouldn't interpret like that. To me this is even a plus point.
I spot the chart quite tempting with squeezed Bollinger bands, this might have a...