Green boxes are approximately of the same height. Just use your fingers on monitor to check this.
For me this is to much.
Second argument is that we are around 150% of the last ATH. -> Time to confirm some levels.
Third argument is that stocks raise for Xmas and cash out (roll) for new year for tax reasons. We have more investors this year than we had in previous...
Channels represent how we a weakening. I am disappointed how we didn't hit the top of the green channel.
But... Who knows. Maybe we will. Some great impuls day before we do the first grand correction.
Please remember. 68%+ correction in the first wave. Allways.
Normally when you anticapate a trend reversal (trend 5+ moves ) or a mid term corrective move (3-5 moves) you draw a linear channel:
1) from bottom through first high (pullback) and then through support
2) from the first bottom set to be on the mid line of the channel, then through top of the pulback and the next low as a bottom.
What happens next is the magic...
These two rising channels establish a dispute between what's the right one. Thus price hit one and bounced back to the other.
From the dynamic perspective, we have just hit the support (the blue area of linear regression).
DGDUSD has show a positive move in april ending the bear tendency.
The project is in stable condition, governance works. Although it is not a milk cow for investors it may be a long term good signal as the founders seem to think long term and consistently follow milestones. They have secure funds converted to USD for years of operation and still more ETH waiting...