DGB/BTC "Hidden" bearish divergence

25 thg 5, 2018The 3-hour, 4-hour, and daily timeframes on DGB/BTC all show hidden bearish divergence on the CCI. A pullback below 400 satoshis toward the bottom of the pennant formation seems likely, if the support of the 200 moving average does not hold on the 4h timeframe.

25 thg 5, 2018

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This chart shows the bearish hidden divergence with violet lines on the CCI and daily price action.

25 thg 5, 2018

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The 3h timeframe also shows bearish moving average crosses of shorter term moving averages (100, 50, below the 200 moving average (shown in red).

25 thg 5, 2018

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If you were to sell DGB here, I would look to buy back in a laddered fashion, between the 200 daily moving average, and the red upward sloping pennant support trendline. I would also have a stop buy order just above the top pennant resistance trendline, in case DGB breaks out.

25 thg 5, 2018

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When DGB does break out to the upside, I would expect it to eventually revisit the previous all time high.