DGB/BTC Long

Like the look of DGB. Prepping for its second big run in this cycle.
Looking for a strong breakout of the descending wedge backed by volume.
Think the likely scenario is it bounces from the .236 retrace, however is currently testing another strong support level at the 280-300 level and could reverse here.
This chart is purely for my own personal future reference. It is also my first published analysis, look forward to any feedback and critique.

Trade active

Nice breakout
Nice Bull flag on the hourly chart
Trade active at 299 sats

Note

Following a small upward breakout of the March 12 bull flag, DGB continued it's downtrend and hit a low of 222 on the 19th of March.

I had a tight stop loss on this trade which was hit, I've since watched a waited.

Note

After an accumulation period (in blue) for a few weeks, we've seen strong breakout and consequent rally with good volume well over the monthly moving.

I bought in at 307 sats after a retrace of the initial breakout.

First target (just below fib level) of 371 sats was hit very quickly for a 20% profit.

After consolidation it looks like we may have found support at current level... I've bought back in at 350 sats.

Next target is 460 sats which looks like a previously strong resistance level

Trade active

Looking good....
DGB has formed a bullish flat top triangle on the 4hr chart.
Breakout imminent, 460 target in our sights

Torana75

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Torana75