- DGBBTC went on a strong retrace recently and finally hit support.
- The support that has been hit is a very strong one, marked on the above chart with a blue dashed line.
- Notice that even though this support has been hit multiple times, each time the candle close happens above the dashed line, leaving a long wick. After the support is confirmed we end up having a wave.
Just three days ago this support was confirmed and now we have DGBBTC moving above EMA10, signaling potential. Based on the signals mentioned above, this can be the beginning of a new wave.
Targets in the form of Fib. proportions and EMAs can be found on the chart.
Feel free to leave a comment if you have any questions.
This is Alan Masters, thanks a lot for your continued support.