DGB long way up

Sep 2, 2018

First of all take a look at weekly chart. You can see a big triangle with severally tested trendlines on the both sides. Currently we bounced from lower line and going up.



Daily chart shows that lower line really bounced the price and now, after it hit 460 resistance it is going down to either 430 or 420 support. One of them should keep the price and push it up again. Actually, it may get stuck within this small channel 420-460 for a while while BTC is consolidating. Good area for trading as well as long as you know the borders.



So what to do? Trade within this channel and be ready for breakout if the price goes above 460. In this case next very fast target is 500. But now no rush. Patience is your best friend.

Trade on your own risk. Do your own charting to be sure.

Sep 3, 2018

Note

Fallowing BTC fall DGB also went down as predicted but a bit more - it touched 416 and now stand in 420 support area. The big picture stays the same. On a smaller scale we might expect a dip towards ~405-407 suport. Maybe even 400. In case it will touch weekly trend line be carefull as it will be 5th test and the trend line may fall.