DGD short term trade

Updated

DGDBTC looking to break-out the pattern. Seeing an equilibrium triangle pattern, descending wedge, and a descending channel. We might see it pull down to 25000s before moving higher breaking the wedge and the equilibrium and targeting the upper end of the descending channel at 50000.

TPs at 36000, 40000, 50000.

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Looking at this same idea for DGD ;) explosive upside

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DGD didn't go exactly as planned as we expected it to hedge against BTC. Re-entered around 26000 but DGD got lower. I am still holding as it retraced all the way back to 21000 low from February, in addition to being in its lowest historical daily RSI. Targets are still the same. Good luck!

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Looks like a good hedge against BTC :)

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Patience :) Was too early with 26000 lol. Humble target at 34-35. Leaving the rest to run up to 50.

Good luck!

jayandrae

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