Hi guys
Today we are watching at DGB/BTC on 4h chart. We have seen a downtrend for 3 days and if you ask me it isn't going to stop right away.
It broke through the first support line and I guess it will touch the second on 256 Satoshi. Afterwards it can go both sides. Looking at the ADX and red DI , it's likely to go in an uptrend again even though we are witnessing a very strong trend (ADX = +/- 54). Anyhow we can see a H&S on the red side which should push it downwards and pull an uptrend.
If it goes to the second support line (it's a bit risky) a buy opportunity comes up with a possible sell when it hits the first one again or hold if it continues to go in an uptrend.
I hope you guys can take some profits here !
Let me know what you guys think !
Today we are watching at DGB/BTC on 4h chart. We have seen a downtrend for 3 days and if you ask me it isn't going to stop right away.
It broke through the first support line and I guess it will touch the second on 256 Satoshi. Afterwards it can go both sides. Looking at the ADX and red DI , it's likely to go in an uptrend again even though we are witnessing a very strong trend (ADX = +/- 54). Anyhow we can see a H&S on the red side which should push it downwards and pull an uptrend.
If it goes to the second support line (it's a bit risky) a buy opportunity comes up with a possible sell when it hits the first one again or hold if it continues to go in an uptrend.
I hope you guys can take some profits here !
Let me know what you guys think !