$DGB, Dip Then Moon

30 Jul 2018

Weekly
Looking at our trend timeframe we see price broke out of its double bottom and was rejected at 625 satoshis, stochastic rsi showing momentum remains in favor of bulls. Although momentum is heading towards the upside, we may have temporarily peaked and should be expecting some consolidation at this level on the smaller timeframes before heading to the moon.


Shifting over to our pattern timeframe we see price formed a lower high at our 550 level and has since continued to push towards the downside. Support levels at 450 400 and 350, expecting a drop towards our 350 level leaving us with a double bottom in this zone. A daily close above 500 activates our trade, or a bounce off 350.