Update to last nights post.Very confident signal breaking upward today. Should be setting in stop-losses as it progresses from here.
DGBUSDT trade ideas
Bullish chanel confirmedI wont sit here and pretend to entertain with a bunch of technicals. It's a channel. It bounced up. That's good. Now go check on your other coins.
trailing stopsSomething I'll rarely to never post about but here's great spot to stage in some trailing stops. This strategy is so much more effective in loss or risk management then trying to scalp the top and hope fora bottom. Just let the market run. Right now the money is yours. Should the market decide it's not going to stay there at least you can automatically keep what you gained and not worry about tripping over dollars picking up pennies. Sleep easy trading!
DGB Analysis**This is my own thoughts - Nothing more follow if you like**
If you follow the EWT, Then this is expected to drop via A,B,C (Not shown) - However to me it is fairly obvious there is a current uptrend with DGB.
I think if this channel continues then we should see even further gains to be made, I have set myself a target that I would like to achieve - However that means it needs to break resistance - I have put resistance at this level, as it balances the line nearly perfectly since the last drop. Resistance may in fact be lower.
I expect a small correction between the MA's - (Rubber band stuff) - But I am expecting this channel to play out, at least to the resistance line.
However saying this - DGB is a fairly solid project I think, thats going unnoticed - For the long term, I would hold this...
As always DYOR, and never take anyones charts as the truth or play out - Look yourself and see what you think.
