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DigitalX Limited

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DCC trade ideas

What are you doing, DCC. DigitalX continues to frustrate after I jumped in at 6c expecting a rally. With Bitcoin at ATH area, DCC continues to show no sign of rallying, dropping through 6c Support. If it doesn't catch at this range, I anticipate 5c-sub 5c range as shown on chart. How a company that is a digital asset funds management business share price fall while the very asset it supports is soaring is beyond my comprehension. I will continue to watch and wait for Support to be found.. hopefully at this 6c level RSI showing oversold and potentially double-bottoming, and little volume supporting this long drawn out dump. We shall have to wait and see what the market reveals is the next move. Open to discussion and thoughts as always.
ASX:DCC
by massadventure
3
Huge upside potential ?As we see on fixed range volume profile, most of the trading happened between 3c to 10c range with very low volume from 10c to 43c. So its trading at 9.3c currently which is at high end of reasonable range. If you see volume profile at the bottom with orange line it shows that every time when it goes up the volume picks up but while sell of volume remains very low. This shows that profit taking occurs with still holding big numbers of shares. Since beginning of October it has remained above 10 ema for 12 weeks making 224% to recent highs. It is currently retracing but still about 1c away from 10 ema. It has just worked out the overbought rsi with correction in price and time. So i am putting an alert on 10ema weekly for entry signal. Will check smaller timeframes for confirmation if the trend is intact. Please share your views about this. thanks
ASX:DCCLong
by UnknownUnicorn10209036
1