Love this coin, show massive potential. Pick it up when it's cheap.
As you can see DGB has presented to us a massive head and shoulders pattern this is not to be ignored. There seems to be some support on the 200ma and on the respective fib retracement level. This however, will not last very long. With bitcoin and the market as a general having taking a beating, I only see alt coins bleed for the next few days. MACD and RSI both seem bearish although there is some semblance of support but not much.
This bleeding will stop eventually but only after bitcoin shows us a reversal confirmation. Right now BTC is controlling the market and for the moment it seems there might be some upside potential, but we don't know for how long. BTC will probably go into a consolidation phase during which alts will bleed.
Hold your BTC, get some more fiat buy cheap. DGB can be had for very very cheap.
This is of course not financial advice and I am not a financial advisor.
Best of luck and good trading
X
As you can see DGB has presented to us a massive head and shoulders pattern this is not to be ignored. There seems to be some support on the 200ma and on the respective fib retracement level. This however, will not last very long. With bitcoin and the market as a general having taking a beating, I only see alt coins bleed for the next few days. MACD and RSI both seem bearish although there is some semblance of support but not much.
This bleeding will stop eventually but only after bitcoin shows us a reversal confirmation. Right now BTC is controlling the market and for the moment it seems there might be some upside potential, but we don't know for how long. BTC will probably go into a consolidation phase during which alts will bleed.
Hold your BTC, get some more fiat buy cheap. DGB can be had for very very cheap.
This is of course not financial advice and I am not a financial advisor.
Best of luck and good trading
X
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Looks like BTC might go down to retest lower levels once again. Not sure how this will affect DGB.
We may see a downward movement is my prediction. Although still unsure if this will break the neckline.
Let's discuss this in the comments below.
Personally I'll have some stops put in place just in case.
We may see a downward movement is my prediction. Although still unsure if this will break the neckline.
Let's discuss this in the comments below.
Personally I'll have some stops put in place just in case.
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DGB and the market in general is trading sidways. Still looking for an indication of direction.
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Looks like we're moving up, waiting for confirmation on invalidation of head and shoulders, but it looks like it's not going to happen!
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Looks like we're going in to test the 50 EMA, I'll update my chart and post a new idea if this uptrend continues. Let's start a new discussion!
BTC/DGB have shown high correlation; and BTC seemingly having found a bottom we my have upside potential. However, a stop loss might be a good idea just under neckline; which if violated in case of a crash would allow a sale and rebuy at a lower level.
Watch BTC.