DGB Price Action
DGB/USD Pairing has been touching bottom for almost 4 weeks now floating around .0065 since it's decline from the .008s
Bullish outlook-
If the price passes the trend resistance at .007 it could be the start of a path back to .009 which would be a gain of about 30% from where we are now. .0065 ->.009.
Bearish outlook-
If price we to fall below and out of the bull flag pattern below .006 it will search for a new low that I anticipate to be around .004-.0052.
That is where longs who have not exit the market who entered on the dip will probably do so to protect their equity.
Personal outlook-
I believe in patterns and in the big picture we should start to see some movement upward technically.
https://www.tradingview.com/x/5jSDwgxS/
Bullish outlook-
If the price passes the trend resistance at .007 it could be the start of a path back to .009 which would be a gain of about 30% from where we are now. .0065 ->.009.
Bearish outlook-
If price we to fall below and out of the bull flag pattern below .006 it will search for a new low that I anticipate to be around .004-.0052.
That is where longs who have not exit the market who entered on the dip will probably do so to protect their equity.
Personal outlook-
I believe in patterns and in the big picture we should start to see some movement upward technically.
https://www.tradingview.com/x/5jSDwgxS/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.