alanmasters

DigixDAO Breaks Above Resistance (+64%) (Up to 1600%+)

BINANCE:DGDBTC   None
DigixDAO ( DGDBTC ) failed to break MA200 (black line) back in late March. After a short retrace that lasted up to 20 days, DGDBTC managed to break above resistance with good strength and volume , it is now challenging EMA200 (bold orange line).

We can see the last few daily candles for DigixDAO being very bullish .
First, we have the big green candle on the 18th April to break EMA10 and EMA50, this is a very strong signal; a high volume breakout.
Followed by this break we had a day of consolidation and additional bullish action.
This generated up to 60% profits for our DGDBTC trade set up.

So far all the momentum remains and the last high was broken and a new high has been hit. These are all good bullish signal and DGDBTC might just be getting started.

DigiDAO on the weekly time frame:
  • Looking at the weekly chart, we can see a bullish RSI for the first time since May 2018.
  • We are looking at a potential 70%+ just to reach EMA50, and much more profits potential to all-time high and additional resistance levels.
  • Now trading above EMA10. This should be considered the main support on any move down.
  • The MACD shows plenty of room left available for growth.
  • Trading volume has been increasing since late March.

SOMETHING IS ALWAYS GOING ON

Suddenly it happens, change comes knocking at the door.

Yesterday it was this, today we move more stuff.

We might not know what is happening, behind the scenes at all.

But when we are in the process of growing…

Something is always going on.

Namaste.
Apr 22
Comment: This one is moving positively.

We are now at 95%+ profits generated for DGDBTC.

ENJOY THE PROFITS.
Apr 22
Comment: Previous DigixDAO (DGDBTC) analysis:
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