DAG is another coin I have been tracking and trading for a bit. If we check out the MACD we are on a big upswing on the 3H in combination with having a possible support bounce. Candle confirmation will be needed to make it a safe play but it's looking good at the moment. Sadly the RSI isnt going to give us much help but that's ok. I will be tracking DAG best I...
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Gann fan providing a channel between 3/1 (from the top) and 8/1 (from the bottom), and with the help of the fib time ext. we can see formation of a very much possible breakout at .618 fib time zone. Also not neglecting the structural support in the same zone.
Very good opportunity, if this works out well.
I will entered this trade after break out of the resistance zone of 0.21. We have been consolidating in this range since sept 30.
Entry trigger 4H close above 0.21
1st target 0.25 zone
2nd target 0.29 zone
Invalidation day close below 0.16
A nice breakout happened. Would be great to see a pullback to the green line area.
The second scenario would be a close above the red line. Let's see what will happen.
You can buy it on the Kucoin exchange.
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Great value area right now for $DAG. One of my new favorite ALTs I've recently heard of. Do your own DD, but here is a quick summary:
"Constellation (DAG) is a distributed network that delivers fast, scalable solutions to organizations that require secure payment processing, data transfer, and interoperability for their connected sensors and devices.
Very different chart compared to most of the other altcoins I've looked at. Very clean ascending channel and price has consolidated back to the bottom trend line. There seems to be a confluence of support around the 0.14-0.19 range consisting of an order block, 20ma and fib level. Needs a confirmation of a bounce before entry.
If you were to enter now