* DGD has been channeling very nicely upward
* This recent upward spike has broken the existing upward trend in a positive direction.
* I have pointed out the new upward channel that has formed (in blue lines) and i have actually taken a buy position at the blue arrow once it bounced off the support of the previous existing upward trend line.
* I see this reaching...
- Clearly the channel is trending down for IOTA.
- I see it continuing to test the downward top trend line and will possibly hover around the area for a few days.
- If it breaks the downward trend line we can see price movement turn bullish.