DigitalX continues to frustrate after I jumped in at 6c expecting a rally.
With Bitcoin at ATH area, DCC continues to show no sign of rallying, dropping through 6c Support. If it doesn't catch at this range, I anticipate 5c-sub 5c range as shown on chart.
How a company that is a digital asset funds management business share price fall while the very asset it supports is soaring is beyond my comprehension.
I will continue to watch and wait for Support to be found.. hopefully at this 6c level
RSI showing oversold and potentially double-bottoming, and little volume supporting this long drawn out dump. We shall have to wait and see what the market reveals is the next move.
Open to discussion and thoughts as always.
With Bitcoin at ATH area, DCC continues to show no sign of rallying, dropping through 6c Support. If it doesn't catch at this range, I anticipate 5c-sub 5c range as shown on chart.
How a company that is a digital asset funds management business share price fall while the very asset it supports is soaring is beyond my comprehension.
I will continue to watch and wait for Support to be found.. hopefully at this 6c level
RSI showing oversold and potentially double-bottoming, and little volume supporting this long drawn out dump. We shall have to wait and see what the market reveals is the next move.
Open to discussion and thoughts as always.
In for 6c, and with BTC going on a run, DCC has followed a little. I would have hoped for more of a pump, but may just take time before it reflects this.
The double bullish hammers and positive gap is causing DCC to look very bullish and may break the current downtrend with some volatility to the upside.
I'd like to see a strong breakthrough and hold above the 10c mark this coming week, or at least a push close to in preparation for a strong break.