Buy $DLG - 1D TF and 1W outlook
Updated
I have set a BUY order for 
DLG with expecting the trend to continue upwards. 1D price broke DC20 and is above MA50 and MA200. RSI is bullish, MACD turned bullish.
The weekly outlook is interesting. MA50 has crossed MA200 upwards.The V-shape bounce on the weekly is also suspicious.
In terms of SL IF daily closes below MA50 and DC20 this will trigger the stop.
In terms of TP there could be multiple scenarios depending on price action - I would be using the followings to determine IF the price goes into favor -
a. potential channel on the weekly IF no impulsivity in price action (suggesting potential break of the channel to the upside) and IF indicators (RSI, Stoch RSI) may suggest reversal on the daily/weekly.
b. fib levels on a weekly based off of previous bull run.
c. trailing as determined by daily DC20 and MA50 (and potentially MA200 depending on price progress and compared to entry point).
The 1M outlook is interesting as well - V-shape rejection of MA200 upwards. And it looks to be a higher low.
As always this trade requires tons of patience.
Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose!
DLG with expecting the trend to continue upwards. 1D price broke DC20 and is above MA50 and MA200. RSI is bullish, MACD turned bullish.The weekly outlook is interesting. MA50 has crossed MA200 upwards.The V-shape bounce on the weekly is also suspicious.
In terms of SL IF daily closes below MA50 and DC20 this will trigger the stop.
In terms of TP there could be multiple scenarios depending on price action - I would be using the followings to determine IF the price goes into favor -
a. potential channel on the weekly IF no impulsivity in price action (suggesting potential break of the channel to the upside) and IF indicators (RSI, Stoch RSI) may suggest reversal on the daily/weekly.
b. fib levels on a weekly based off of previous bull run.
c. trailing as determined by daily DC20 and MA50 (and potentially MA200 depending on price progress and compared to entry point).
The 1M outlook is interesting as well - V-shape rejection of MA200 upwards. And it looks to be a higher low.
As always this trade requires tons of patience.
Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose!
Trade active
Weekly outlook:Comment
Monthly:
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