DAGUSDT trade ideas
The bears are concerned about the increasing price of DAGConstellation Coin price broke out of a descending wedge pattern on 23 March and now appears to be slightly bullish.
DAG token price is seen trading above the important moving average but it is yet to hit the 200-EMA.
For the upcoming trading session, the range of the consolidation phase (green box) may act as a demand zone and $0.28 represents a resistance level according to the 0.5-level of Fibonacci retracement.
The Super Trend indicator posted a bullish signal for the buyer last night, which could be the first of a trend reversal for the DAG coin price.
The Constellation Coin price is approaching the 200-day moving average (red), which is a zone of volatility. Other 20,50 and 100 EMAs are remaining below the current price of DAG coin in terms of the daily price chart.
Recently, the Relative Strength Index (RSI) took support at the half-line (50-point) before moving higher. Now the RSI is at 65-level and is going to move into an overbought area on the daily price graph.
Technical Indicators Constellation Coin is spotting a bullish trend after breaking the boundaries of a falling wedge pattern. RSI may complete its journey to overbought zone before any trend reversal sign
Support level - $0.1200 and $0.100
Resistance level - $0.200 and $0.280
DAGRiding the 7EMA up to resistance = rising triangle, likely to break within the next 2 days.
Im very familiar with this pattern on the smaller timeframes, so to see it on the daily level tells me that this will likely bring a nice 15-20% move.
Just an assumption. Nice range in play, current price ~middle range, however there is good momentum. boolish. Worse case scenario price drops and retests the last broken resistance and finds support.
SL under 7EMA.
Prev. DAG analysis linked.
10 Day DAG price appreciationThe 50 day MA is about the cross the 200 day MA. The last time this happened, DAG moved bullishly to the 0.26 area. Now, if the 0.17 support is confirmed in the next 12 hours, and the 50 day MA crosses the 200 day MA, DAG will continue with bullish movement upwards to 0.26 (and beyond depending on whether it sustains that movement and in conjunction with BTC price action).
DAG - Dip Situation$DAG fundamentals have not changed at all - it is posed for mass adoption in the mid to long term.
The market crash has caused the whole crypto market dip heavily including $DAG.
Depending on the market situation in general and $BTC in particular, $DAG price movement will be working above its first support line (0.12). If $BTC recovers, then $DAG will rise to work up to the its first new resistance level at 0.168. However, if there is no recovery, then $DAG will further drop working above its second support line in the 0.08 to 0.10 area. Rising back up to the 0.168 will still be in play, albeit over 2 weeks, rather than 1 week in the first case scenario.
Regardless of the situation, the fundamentals point to the need to accumulate at these prices. This is financial advice. Be advised, act smart.
DAGUSDT - Break Hook and GoDAG has succesfully broken out of this descending broadening wedge / falling wedge pattern, and is currently back testing the supply line as support. On this backtest there is potential Class A hidden bullish divergence on both RSI and MACD indicators. Managing risk for this asset is rather easy; just below the previous low. Continuation is implied for this asset so long as BTC does not keep dumping.
Target 1: .618 retrace of the falling wedge pattern
Target 2: Measured move of the broadening wedge
Target 3: .886 retrace of the entire structure
Technical analysis on $DAGTechnical analysis on $DAG
Tool: Fib extension
After dipping to $0.166 level DAG has been on a tear to $0.21 and after a small correction has burst through the $0.21 resistance and is now on its way to 1.00fib level at $0.236.
If it can break through $0.236 it can go to $0.255 and $0.26 (1.272 Fib level).
Otherwise, it may get rejected and return to $0.21 which should become the new support.