DigixDAO/Bitcoin (24 May) #DGD $DGD #BTC $BTC#BUY
DGD is moving in Bullish Flag patternr but not enough accumulation to be able to increase sharply beyond this area. The strategy for DGD is to sell at strong resistance points as shown in the picture and we will always have the opportunities to buy back at lower prices. And sell it all at the top of the red arrow
Current Price : 4262
Buyzone : 4200-4250
Sellzone : 4500-5000-5850
Stoploss if price is lower than 3950 and consider buying back around 3300
Digix
[DGDBTC] DigixDAO Touches Support [1500% PP]If you take a look at DigixDAO price now and compare it to its all time high back in January, you can see a 93% drop. DigixDAO shredded all of its gains, and other than the fact that the price bounced from its Dec. 2017 low, many signals on the charts are pointing to an upcoming up wave. Let’s take a look.
Here we have a 3D chart (3 days per candle):
- We are now trading above EMA10.
- STOCH and RSI oversold.
- MACD bullish crossover and curving up.
- Massive profits potential.
Trade instructions for DigixDAO (DGD) by Alan Masters
Buy in: 0.00559 – 0.00599
Targets for DGDBTC:
(1) 0.00711
(2) 0.00841
(3) 0.00931
(4) 0.01111
(*) 0.08100 All time high
Stop loss: Close weekly candle below 0.00500.
Capital allocation: <5%.
Please note that this is a long term trade. It can take time before the targets are hit.
The earlier targets can be hit within a few days or weeks, while the higher targets can be hit within months.
Feel free to contact me if you have any questions.
Namaste.
DigixDAO Could be Near the BottomDigixDAO downtrend continues as price continues to produce lower lows and lower highs. At the same time DGD/BTC is trading within two descending channels, one inside the other. The interesting thing is that current price is at the bottom of both channels while the RSI oscillator is showing the bullish divergence on the 4h time-frame.
Fibonacci applied to the corrective wave after the btc 0.0288 support breakout shows that 127.2% Fibs is being rejected, although there is no clean bounce of that support. DigixDAO could continue moving lower and perhaps 161.8% Fibs at btc 0.023 will be the bottom of the current wave down.
To summarize, it seems that DGD/BTC is getting ready for a corrective move up or a potential trend reversal to the upside. Nevertheless price still could go slightly lower and more confirmations of the correction/reversal would be preferable.
