Otherwise extended sideways ranging between $3700 and $4100 until the end of July, where a break from the green meme triangle would see crazy volatility and either a similar push to $6200 or worst-case drop to pink descending support line.
Broken out of a 6 month downtrend on the weekly, 4hr chart shows BBands are pinching and trend is tightening up. Needs volume just like everything else.
Resistance shown in the red, strong between 695 and ~830. Pushing through that could see a real power move with only a few speedbumps along the way. DGB has a lot of potential, if only it can shake off its crypto noob image and see some real marketing. The tech is there.
On the 4 hour chart. Next bounce to .618 fib with likely also test the falling wedge boundary. Breaching this can lead to very sharp bullish movement in price.
Update on previous chart.
Stratis followed the expected trend for a few hours yesterday before the lack of volume allowed it to fall down through. Still flagging though and currently testing the upper resistance of this. Bottom of the long extended wick is being taken as support for now. Again, more volume needed to break out.
Decision time in the next 24-48 hours for bitcoin. Resistance as marked. Crossing 10,000 is of course a major psychological barrier. Many people seem to be waiting for the 11,800 mark to be breached for bullish confirmation. I'll be watching closely to protect my alt positions.
I'm only learning so go easy, but here's my thoughts for today on Stratis 60 min chart. Volume increase would be required by 11pm UTC to push for a break-out from the flag. Target in the 0.00088 range.
