DGD/BTC: Important moment for upward breakout (25% - 75% profit)
DGD is sitting on a strong long support and short term support which could indicate the bottom for DGD before breaking out. Buying range 29-31k. DGD seems to go inverse of what BTC is doing, and with the future contracts expiring this month for BTC, DGD might get a firm push upward to break out of the triangle. This breakout will result in a 25% - 75% profit.
Other scenario: DGD is in a ABC-correction with this being the C wave. The C wave would extend to the bottom of the wave 4 upward which happened a little while ago. This COULD lead to DGD going to 0.019. Trade at your own risk.
Other scenario: DGD is in a ABC-correction with this being the C wave. The C wave would extend to the bottom of the wave 4 upward which happened a little while ago. This COULD lead to DGD going to 0.019. Trade at your own risk.
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