From the chart, it looks like the DGB trend may fall through weak and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling is a concern. If can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start.
is below 50, a sign of the downtrend. The turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend.
I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the is below 50 level, it's sad :( and the below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area.
has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back.
is below 50 indicating the downrend. The is at a low point, so the price need a spike to end the correction and start it's uptrend
My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
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