DAGUSDT trade ideas
DAG Constellation May Have a Possible Support Bounce DAG is another coin I have been tracking and trading for a bit. If we check out the MACD we are on a big upswing on the 3H in combination with having a possible support bounce. Candle confirmation will be needed to make it a safe play but it's looking good at the moment. Sadly the RSI isnt going to give us much help but that's ok. I will be tracking DAG best I can and posting updates if I see them.
Constellation $DAG - 2022 Crypto Portfolio-Priority HODLconstellationnetwork.io
constellationnetwork.io
Powered by Hypergraph
The world’s most robust, decentralized value-based network...
Hypergraph Network
HGTP is a distributed ledger technology known as a directed acyclic graph (DAG) protocol with a novel reputation-based consensus model called Proof of Reputable Observation (PRO). Hypergraph is a feeless decentralized network that supports the transfer of $DAG cryptocurrency.
Okay they are partnered with the US AIR FORCE. If that doesn't blow your mind, I'm pretty sure the air force knows cutting edge revolutionary technology more than we do.
"A revolutionary protocol
The Constellation HGTP Network is powered by a secure communication protocol designed for wide open networks and concurrency. Our vision was not achievable with traditional consensus models. Therefore, we built PRO from the ground up, incorporating machine learning to balance our complex network topology with a performance based approach to validator rewards.
Our protocol relies on a P2P reputation system called Proof of Reputable Observation (PRO) that serves as our consensus model while simultaneously optimizing network topology"
ALL TIME
+616%
Yearly
+2.5k%
Monthly
+12%
Weekly
-1.90%
Since it is under a dollar at .23 cents, it is perfect to accumulate and DCA in my opinion. This is another top priority addition for 2022 Crypto Portfolio. I will be accumulating as soon as possible. I will try to hold this for years.
DYOR
Happy Trades
Constellation [ DAG ] - BULLISH. Value Area!!!Great value area right now for $DAG. One of my new favorite ALTs I've recently heard of. Do your own DD, but here is a quick summary:
"Constellation (DAG) is a distributed network that delivers fast, scalable solutions to organizations that require secure payment processing, data transfer, and interoperability for their connected sensors and devices.
Powered by its distributed and decentralized network, Hypergraph, Constellation employs a directed acyclic graph (DAG) network and mathematical proofs to promote its network’s speed and security. Together, these attributes deliver impressive scalability compared to other chains like Bitcoin or Ethereum.
Since its launch, Constellation has witnessed a growing list of partners, including Amazon Web Services (AWS), the US Airforce, and crypto brands like Chainlink and KuCoin exchange. In addition, Constellation’s native token DAG supports a second functional value via tokenized throughput or bandwidth on the network compared to cryptocurrencies like BTC which exhibit more limited utility. The DAG token has performed exceptionally well in the last few months, making it one of the most promising altcoins to monitor."
DAGUSD - Weekly (Q4 Hopium Only Edition)Very different chart compared to most of the other altcoins I've looked at. Very clean ascending channel and price has consolidated back to the bottom trend line. There seems to be a confluence of support around the 0.14-0.19 range consisting of an order block, 20ma and fib level. Needs a confirmation of a bounce before entry.
If you were to enter now
Stop Loss under 0.14
Target: 2.63 (Fib extension level)
Gann fan and fib time ext.Gann fan providing a channel between 3/1 (from the top) and 8/1 (from the bottom), and with the help of the fib time ext. we can see formation of a very much possible breakout at .618 fib time zone. Also not neglecting the structural support in the same zone.
Very good opportunity, if this works out well.