DGD could see a break to the upside soonish. Its close to it downtrend resistance. Playing with the MA. While the MACD, DMI, and RSI are in a decent enough spot. The stop could be placed tighter below your entry point of choice.
That stop-level of 26k sats hasn't been touched since 22-Feb this year. So it allows for more room and longer hold if you wish so. Entry...
Let's get right to it, DGD has been accumulating for the last 3 weeks while other cryptocurrencies have been rallying.
MACD has been gaining momentum and is finally going positive.
I believe we will finally see a DGD breakout soon.
My DGD trading strategy on Binance:
DGD on Binance
Buy up to 0.034
Target 1: 0.0378
Target 2: 0.041
DigixDAO Trade by Alan Masters
DigixDAO (DGD) is available to trade on Binance. Compared to other trades, this one hasn't move much since bouncing from bottom, and still needs to accumulate longer before taking off, but the charts are showing good potential, we can make good profits trading this coin.
Let's start by looking at the 4 hours per candle chart, then...
DGD/BTC is currently trading inside Ichimoku cloud, which might play out as an edge-to-edge, in which the price goes through the opposite side of the cloud. We already had a TK bullish cross and broke out of RSI resistance, which were keeping the price action quite bearish.
Can breakout soon, watch out for that black side line. If it break watch closly.
Black - 1 day resistance
Orange - 4 Hour resistance
Red - 30 min resistance
Blue - 4 Hour support
Green - 30 min
Yakinda patliyabilir - yan siyah cizgiyi gecerse iyi takip edin
Siyah - 1 günlük direnc
Turuncu - 4 saatlik...
Here, I did my best to draw the trend lines for DigixDAO, and came up with 2 possible structures.
First, there could be a large Descending Triangle (potentially bearish) forming, with price is testing the support line at the bottom of the triangle.
But there is also a Downwards channel that I have identified, with 3 false breakouts that I circled. Using this...
Digix looks primed for an upward consolidation at the least, and perhaps a breakout for some nice profit.
This may not necessarily happen, but I am longing it.
I am not an experienced trader, please take this as mere thought rather than actual advise.