DAG broke out of what appears to be a close-to yearlong wedge. It retested the breakout and is continuing its uptrend vs bitcoin.
This is the perfect time for it to breakout considering the bitcoin weakness. RSI looks good, volume stepped in on the retest. This looks like a no brainer.
DAG/BTC will continue to consolidate between the red trend lines with slight up and downs till it falls to the green support line around 0.0000006200 - 0.0000005850 Then it will take off upwards possibly closing the gap and hitting the blue resistance line one again, possibly around 0.0000013500.
DAG = HOT TRADING SETUP! :)
Big cup and handle formation, falling wedge, trading above all EMA's and MA'S on 4 hour and daily!
For fun some potential targets for you guys!
Keep an eye on DAG, potential big breakout incoming!
DAGBTC got stuck in a downtrend channel, but it is finnally showing life.
If it is able to close above the upper channel, and survives the retest, this has some room to run.
I am not in this trade, but love to follow this chart this project.