DGLY is currently in a down trend that made it fill the Sept 2nd gap. It currently has 2 major opposing patterns. RED: Descending triangle, continuation down trend pattern, not confirmed. Must break RED C-D for confirmation. Target is 3,63$. It also corresponds to August support line. PURPLE: Failing wedge, reversal pattern, not confirmed. Must break PURPLE C-D...
DGLY is nice pump and dump, fading for the last to days and will continue until we will be back at starting levels of $7-$8
this is getting out of control, on the back of traders momentum, nothing more, this will fall away once the hype dies down.
Very steep wedge. If wedge is broken, may fall hard.
Taking a look at this weekly chart you can see the bigger picture. This is a classic bounce (hopefully; don't want to catch the falling knife). Looks like $DGLY will retest 0.382 Fib Retrace, which is a pretty standard entry / re entry area. I do believe $DGLY will be back in the Teens in no time - due to the MA's crossing, the 100-day starting to straighten out...