DGD looking bullish again after making a nice ABC correction and then breaking through a perfect inverse head and shoulders pattern. Now it is consolidating right above new support after a nice little volume spike. Good possibility of continuing this new uptrend
DigixDAO ( DGD ) · Loop A.I. Indicator: Sell volume rapidly increasing. Price touch resistance and broke downwards. Key sell signal from RSI. Signal: Likelihood of price decrease: 76%
Trend line @ .044616 satoshi. Also, conveniently lines up with the .618 Fib line, which the price just broke below and is now hovering in the upper .5 zone. Price looks like it will drop below the upward white trend line and continue towards the lower .5 Fib range before bouncing back up. Hoping for a break upwards, but doesn't look like that would happen until...
Bitcoin is having a bit of a down day today. If you want to hedge/protect against or even profit from a drop in BTC, especially if you pair trade with BTC pair trading, then one of the best ways to do that without having to go short or margin trade BTC is by trading DGD/BTC. As I've stated previously in my previous post about the inverse relationship of BTC/USD...
We are not bullish on this one as we were yesterday, we would like to expect 24 hours more to see if this is just a consolidation fase in which we could reinforce our position or just wait a sell off. Thanks for your comments. You will be able to find us here soon
Recently Digix announced that it was partnering with Maker in order to provide stable coins that are backed by physical gold to users. Could this be a replacement for Tether? Digix has a long history of providing heavy transparency and is one of the longest standing ERC20 tokens on the Ethereum network. This alongside their 2.0 release coming real soon could...
Most of the top 100 altcoins are in green momentum and we expect a good support for DGD too at the current level. We will be taking a long position with 10% of our current portfolio if the trend cotinues in next hours.
My previous prediction was correct but the price corssed strong resistance (yellow dotted line) that opens a way for deeper ride.
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...
Bitcoin is about to cross downtrend line from $19k hence is about to long term trend reversal. There is reverse dependence between DGD and Bitcoin prices as we can notice in historical charts, which can be confirmed in current drop from impulse move of DGD. Drop below the high of wave 3 (0.044 BTC) should confirm ABC correction and should fall to at least 50% fibo...
If bounces it off support could be another small breakout.
560-570 should be a good sell zone. then wait before returning to median or bottom off pitchfork range to buy more. If it falls out of trading range then look for better entry as usual.
DigixDAO (DGDBTC) is usually inversely correlated with BTCUSD: whenever Bitcoin drops, DigixDAO tends to raise and whenever BTCUSD raises, DigixDAO tends to drop. However, doing the past few days, in spite of BTC raising, DigixDAO has been increasing in price, gaining a market capitalization of over $ 1 billion and reaching rank #26 on CoinMarketCap.com, a little...
could continue trend still. Nice short term reversal on bottom trend line. Red line is for stop loss in case price action falls out of range
In an earlier post i detailed DGD following a nice upward channel trend. Looks like it was not quite steep enough so ive adjusted it here. Should provide some insight as to when the trend should reverse short term. good for collecting extra DGD if your already holding.
It's my first time to share an idea, may you can call it the first result of new student here This BINANCE:DGDBTC as the chart showing have a very good opportunity to run high in small period The targets as shown in fib lines, so keep an eye on it once it explode outside the triangle to catch the rocket before it's launch. Happy safe trading all.
I used an approximate 50% from the last down trend to start the tail of the pitchfork. If the second peak reverses around the upper limits of the fork it will confirm it.
What's it going to be? Sideways action or an uptrend breakout? DigixDAO Whitepaper: digix.global This analysis does not constitute financial advice and should not be treated as such.