DGD BUY OPPORTUNITYDGD BUY OPPORTUNITY
DGD has been in a downward trending channel since March 01. It went on a great run in MID FEB as BTC and other ALTS were bleeding out in value. Looks like DGD has found a bottom and poise to start a bull run while the rest of the market is becoming more uncertain.
Strong support at FIB LEVEL 0.236. STOCH RSI showing bullish convergence. MACD looking to cross on the daily chart. Stop loss at 0.13990 as there's a chance DGD might want to break down to previous support and FIB LEVEL 0.118.
The first test would be for DGD to break out of it's current channel and test 0.27185. Everyone is expecting BTC to turn around on JUNE 6TH to finish it's ascending wedge towards 10-12k. Lets hope that before that DGD makes it move before that.
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*Disclaimer
1) This is for educational purposes only and not financial advice. (blah blah blah)
2) I would really appreciate if you left a comment and some feedback if you like this post.
3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion.
4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies.
4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC 2.86% under 1 million USD by the end of 2020.
Unicorn of the Sea
- Narwhal
DGDBTC
DGD going to break out in a few days DGD is at the end of its downtrend as you can see from the chart. I expect a breakout in the next few days. Keep an eye on it and buy as close to 22k sats as you can. Set a stop loss for 21.5k sats just in case it decides to break major support at 21.7k sats and falls.
The Stoch RSI is kinda high but I expect it to fall to the bottom before we take off, so let that be your indicator when to buy.
DGD - DigixDao won't be this cheap for longOversold on the daily chart, DGD just needs some volume to get it going. It is hovering over the 78.6% Fib retracement, ripe for another run. I'm scooping some up now while it's cheap.
DGD vs BTC trading idea Hello guys after few months of going down DGD is looking good now for enter i see falling channel + some RSI divergence same time this zone of 0.022 is around Fibonacci number we couldnt hit it exactly 100% so best entry will be on double bottom if not after breaking out the falling channel u can find a place to ride to around 0.030 sats or wait for future . IF this price around the blue line dont hold i will get out on any bounce coz next zone of support is close to 0.014 dont want to hold if price go down to there .
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.
DGD short term tradeDGDBTC 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.
Quick opportunity FIB levelsQuick opportunity spotted, we just hit 0.786 fib level after hitting double top yesterday and the chart looks very bullish, keep in mind that it's a short term trade. RSI also looks very bullish. I will make an update if we reach first target.
FIRST TARGET 0.236 FIB LEVEL (0.029 BTC)
STOP LOSS 0.0257
DGD quick 5-6%**THIS IS NOT A FINANCIAL ADVISE** **USE AT OWN RISK**
we can get a quick 5-6% profit in the next 2-3H
Don't worry DGD, soon you'll get betterStudy case for RSI , we have a falling wadge on the daily timeframe . StochRSI shows we're going down a bit more, maybe 10% more. Until now we have touched the first out of three main support levels, which are closely to one another. Don't panic if you bought earlier, buy more now and wait for the bounce. DGD 0.00% announced big news with it's child coin DGX -1.34% , backed by gold -0.17% , and no reason to worry. Many coins in the market have dumped hard in the last days, but this means that many people are filling up their bags at good prices and getting ready for the next wave, similar to two weeks ago.
Enjoy trading and stay calm, don't over trade and stick to your plan.
Prepare for DGD break as BTC faces resistanceDGD tends to show signs of life everytime BTC faces problems and this chart is quite convincing. A strong candle crossing the TK on 1 hr and a strong support. This is a typical altcoin breakout and the question is only how far it can be taken. I put targets at the 0.618 and 0.5 fib from the short term support. Theres a low risk on this one with a clear stoploss level.
Key levels: 0.034, 0.039.
Stoploss: 0.029
Not trading advice. Good luck!
Dgd is going up in the next coming daysif everything will be stable as it is now.
Green boxes -> Targets
Red boxes -> Support / Bottom
I think if we close above the MA we will have a higher chance on really strong gains in the short and long term run.
DGD in Great SetupDGD has corrected its impulsive movement and broken out of the downtrend line, currently in accumulation, and about to leave the buy zone. TP1 = 0.031500, TP2 = 0.033500, TP3 = 0.036700 ; SL = 0.027320. Please note that the chart is in daily timeframe, so the setup can take longer to develop. Great R/R also, good luck.
DGDBTC AnalyseDGDUSD:
It will bounce from here, so no serious drops here. We reached a low volume here, so with a nice Volume approx 12.000.000 this coin will move up. GO DAO!
DGD LongFour hour shows massive falling wedge.
Potentially one more shakedown to the bottom of the blue area before we go up.
Buy blue, sell green, stop red.
DGD in AccumulationJust took a position in BINANCE:DGDBTC . It has settled on some strong support and looks like its in accumulation. I have my stop loss set for .0276 for a %5 risk of loss and looking for a target at .0437 for a %50 gain. As the price moves up I am going to move my stop-loss up.
Digix just launced their DGX marketplace, with gold backed DGX tokens. DGX is different than DGD. DGD is the fuel for exchanging DGX and proof of stake in the DAO. If you want a stable coin to store wealth in, consider converting ETH to DGX on the Digix marketplace.
DGDBTC IS READY TO MOVEHi Everybody,
Looking to the 4h DGDBTC chart, there are 4 critical signs that are enough to make us expecting bullish move.
1- Falling wedge formation
2- Increasing RSI
3- Stochastich RSI intersection
4- Bollinger Band squeeze
According to me, soon or later it is ready to launch the rocket
Hope to see you making profit !
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.
Stable coin stable price,.. Reward on hold!!Volume is $9.127.530 USD
1.038 BTC
14.521 ETH
My scenario is when we break this channel, which will happen and we get some nice Volume then we can go up.. Still im searching the DGD that was outstanding coin 1-3 months ago.
We waited too long . My next entry is below $260. Even with drop of BTC this coin remains strong it is like USDT without FUD.
