Hello, wonderful person!
Digix DAO (DGD) high potential to test the Arithmetic Mean
Monthly: Bullish. Red 6 attempt to close above the previous support
Weekly: Bullish attempt to close Red 1 above the median
there is strange situation with this chart and volume. volume is going up but price going down , whales wanna pump?
nice divergence in 4H , MA50 resistance about to break and hope to flip as a support .
Long trade within the trend, based on my previous TA about the cup and handle, Going with the philosophy "its right until its not"
Hit the previous demand block and also stayed above daily support, long to upper trend line with TP's along the way.
Take a look at DGD. This is a project I've been a fan of for a long time because it combines my two great loves, precious metals and crypto. I believe that it has the potential to attract a lot of conservative investors into the very volatile crypto market because it's whole focus is digitizing the gold market. I believe the 10-year outlook on gold is incredible....
DGD has finally hit the weekly resistance block. This is major resistance area and DGD has becoming heavily overbought. I expect a correction downward back to the short term break point of 3480 sats. If this breaks, Im looking for the prime entry at 2800-3100 sats. This would be a perfect zone for a bounce from buyers to re-attempt the weekly...
There is a huge opportunity for a buy-in! We can see a huge spike on the market from this level, as the algorithmic trading activity picks up the price, shooting up the the 0.040 level. The price of precious metals are also rocketing on the commodity's market, we have good fundamentals for the DGD token.
DGD is definitely on a bull market as the price is trading above the 200D MA.
DGD just broke bullish of this 1D bull flag pattern and currently testing key resistance area at 3600 - 4000 sats.
If DGD can't pass through 3600 resistance it may pull back to the upward trend-line support which is located around 3300 levels.
Bullish divergence showing on BINANCE:DGDBTC , making confluence with a really strong support, hopefully this is enough for a powerful bounce back to range high.
Target 1: 0.002449
Target 2: 0.002648
Target 3: 0.002753
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Priceline of DigixDAO / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.002323 to 0.002249
Sell between: 0.002502 to 0.002772
Atif Akbar (moon333)