Is DGB forming a new rising wedge?

Apr 12, 2018

The purple lines are from my last TA on DGB. No changes made there. Green lines are adjusted for the penetration through the lower support of purple wedge which seems to have formed a newer pattern, starting from the bottom of the lower thick green line. This will be a longer wait if it stays in those green lines for a break out, less volatility, but now we're in the bottom of this newly formed wedge so lots of overhead room for a healthy bounce. Watching for breaks outside of either green line. Weekly MACD is picking up momentum (red aarow) so there's that going.

Now that DGB is available to be bought on Abra's cool app, I suspect that will increase interest in DGB, therefore more green in the charts.

Apr 18, 2018

Note

We're approaching the bottom of the purple wedge, so that may act as resistance soon. After such strong moves as of late, it might be time to consolidate. Adding confluence with RSI daily, it looks like a double top, which may first enter more overbought conditions and sell off some once it reaches near the purple line.