DGDUSD DigixDao Long Despite the downward trend in the market as a whole DGD has not fallen like the major currencies.
This Modified Schiff pitchfork captures the price movement for the last several weeks.
In the past few days price has ascended the downtrending line and held above them. Resistance has become support.
In this bear market I am very wary and I will look for a bounce in ETH and BTC at the same time.
Tight stop and no leverage.
Charts of other currencies to follow but I would expect a bounce in the next few days
DGDETH
DIGIXDAO - LAUNCH TO DGXDIGIX TEAM,
I wanted to share some good news that I've received from the community within the DigixDao TEAM. It looks like we've established a launch date. First, let me start by stating the original post for launch was Q1 of 2018. Although, after spending a lot of time discussing the new DGX launch with the DIGIX community on discord, as well as the founder a CTO AEDIGIX (Anthony Eufemio) we've got some good insight on the actual launch date. I wont go into the details of the conversation but there were only a few steps left to go for the team as far as completing registration in Singapore and the USA. Nonetheless, the launch date has been confirmed and the release of DGX will happen next week.
BELOW IS MESSAGE FROM THE FOUNDER
aedigix - Last Thursday at 8:56 PM
our focus is still launching DGX by end of March (I think we will be able to deploy the mainnet contracts by next Friday)
then we're going full speed ahead with DGDGovernance
Upon the launch of DGX (Token backed by GOLD) all DGD holders will have opportunities to participate in DGDGovernance by locking up their tokens and voting on quarterly proposals. Claim quarterly rewards based on the total DGX collected through transaction fees. All transaction fees will be placed in a pool and transparent for all to see. In addition, the DGX tokens are backed by 1 gram of 99.99% LBMA standard gold which will be stored in a safehouse. Holders who accumulate DGX (100) will be eligible to receive their tokens via mail/in-person. A token backed by physical/convertible currency could change the game for cryptos.
DGD will hit unbelievable highs regardless of the price of BTC going into the launch week. Don't take yours eyes off of this team and these tokens as the game could change very quickly.
Thanks,
SOLKNIGHT
DGD Huge PotentialThis massive Cup and Handle is looking pretty good!
A proper handle was printed out the past few days with good angle, and now the price is currently headed for the top to see what sort of breakout we can muster up. Price is sitting in a bull flag as I write this, and a breakout of the shown inverted H&S pattern aligns perfectly with the C&H breakout.
A few issues to watch for:
- This is not a textbook example of a Cup and Handle pattern because the depth of the cup is well over 1/3 of the total value. Not sure if this is made irrelevant by the fact that this is a new market, and the C&H pattern is about half of the total life of the coin.
- There are 3 bearish divergences that I can see on the 4h chart. 2 of them are easily dismissed in my opinion. The 3rd is the divergence from the peak of the left top of the cup to the right, which is a little more worrisome. This may be correlated with the cup depth issue, meaning after retracing this 60% dive to the bottom of the cup, the buying force we are seeing will be thinned out by the time we test the top. The current consolidation we are sitting in will help correct this, but whether it is enough to build the momentum for a breakout, I can't even guess. If we make a right shoulder for that inverted H&S, that pullback would increase our chances of a successful breakout.
- We just powered into the final Fibonacci zone. Watch out for a quick rejection from this zone.
All that said, I, for one, will be buying on a breakout.
Cheers!
-B
*This is not advice to trade. You do not want my advice.
DGDETH Buying Daddy a LamboSuch a consistent upward trend. With BTC and the market in general on a bullrun, I'm interested to see how much it will jump.
