DGD LOSING MOMENTUM? POSSIBLE HEAD & SHOULDERS FORMING
Updated
DGDBTC has had a nice run up recently.
However it looks like the 1h chart is forming a Head and Shoulders pattern.
Volume is taking a nosedive, it's very oversold RSI bouncing off 70, and MACD is on the verge of crossing again, showing bearish signs.
Will buy back in around .5 fib to sell at the potential right shoulder.
However it looks like the 1h chart is forming a Head and Shoulders pattern.
Volume is taking a nosedive, it's very oversold RSI bouncing off 70, and MACD is on the verge of crossing again, showing bearish signs.
Will buy back in around .5 fib to sell at the potential right shoulder.
Note
Although the Head and shoulder didn't form, it did go back down to my buy in range of .5 fib. Closed my trade around .786Note
walked away nearly 13% profit
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