Constellation DAG Token - Gann SquareDAG appears to be breaking out. Current resistances are the Ichimoku Cloud, 5x0 and 5x1 Gann arcs, 4th Gann level, and the 200 week SMA. This is not even in the top 300 market caps, so an explosive move could be in order.
The price increase from the low to the first impulse high was 0.0214, so I used 214 days duration to size the Gann square. Note that the 1x8 is very close to the first impulse high and the first pivot high. The 4 and 5 arcs are acting as support and resistance during consolidation. Based on the accumulation cylinder breakout and retest in a bull flag, I suspect this is heading way higher. I also suspect that the 1x1 or top level will be retested before 4/16/2025.
DAGUSD trade ideas
Constellation Network DAG Token - BREAKOUTSUsing traditional technical analysis, I've identified breakouts of a major multi-year consolidation, accumulation cylinder, and recent bull flag. All time highs should be achieved on hype once the US decides to list this token on exchanges, or if it is revealed by a major figurehead that the USAF and DoD are using this network to validate sensitive data.
The 200 week SMA is a target that needs to hold as support, around 0.083.
Elliot Waves - I believe a primary third wave began around 0.02 around Q4 2024 and that we're in an intermediate wave 3, or finishing corrective intermediate wave 2. I'm targeting 0.45 for this current wave structure, and also targeting on or around March 20th for a peak in euphoria.
DAG looks to trigger c&h & double bottom after golden crossThis project known as Constellation with the ticker DAG has seen quite a bullish pulse lately with its golden cross, it now has et some resistance on both the double bottom neckline and the cup and handle rimline but I wouldn’t be surprised if it overcomes that resistance in the near future. *not financial advice*
DAG - Now is time to start paying attention!Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts:
1. Stochastic RSI - during the start of the bull market, when K (Blue line) cross over D (Red Line), we 7x-18x. Looks like we may cross again!
2. RSI - We have been bouncing the trendline for 2 years! Highly oversold on the weekly chart!
3. Market Cap - 515 Million, which is highly undervalued. Low Market cap Gem!
4. This cryptocurrency has been hyped for a while. Now that indicators are showing some "buy signals", its time to start paying attention!
Buy Target: 0.15 (Corresponds to the 0.618 Fib) MAY NOT BE REACHED! May also hit the support line at 0.19 before skyrocketing!
Sell Targets:
Sell Target 1: 0.49 (Corresponds to ATH)
Sell Target 2: 1.11 (Corresponds to 1.272 Fib)
Sell Target 3: 1.41 (Corresponds to 1.414 Fib)
Sell Target 4: 3.17 (Corresponds to 3.618 Fib)
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
1 dag = 1 dollar?this is just rough analysis, in theory $DAG will solve fee and inter-chain problem.
$dag chart looks like a messy one if you see closely, too volatile.
but, if you zoom out, it just make sense, everything under $0.05 is accumulation phase.
The five top performing cryptocurrencies of 2019The five top performing cryptocurrencies of the year (so far - updated December 23):
1. Constellation
2. Chainlink
3. Centrality
4. Tierion
5. Ripio Credit Network