DGD will Knock your Block Off
First rule of DGD club: don't talk about DGD club.
We've got a nice Inverse Head and Shoulders forming here. This is a more reliable pattern than trying to make a handle to the cup out of the right side, and it'll still moon regardless.
Channel - Bounced around in a channel for a while before breaking out, forming the right side of a cup (though as I said I'm not optimistic about a full Cup and Handle forming), and then bouncing off the support to form the left shoulder.
Support - Both shoulders sit on the 43k support line and the head was formed when it broke through it. Very nice.
Trend Indicators - RSI looks like it'll hit the lower support and spike like it did recently and has done in the past.
C&H - worth a mention - the cup formed over the course of a month but it looks like it never had chance to form a decent handle as the H&S took precedent.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it! I've got to go, I've got a one-way ticket to the Moon.
~Retro
We've got a nice Inverse Head and Shoulders forming here. This is a more reliable pattern than trying to make a handle to the cup out of the right side, and it'll still moon regardless.
Channel - Bounced around in a channel for a while before breaking out, forming the right side of a cup (though as I said I'm not optimistic about a full Cup and Handle forming), and then bouncing off the support to form the left shoulder.
Support - Both shoulders sit on the 43k support line and the head was formed when it broke through it. Very nice.
Trend Indicators - RSI looks like it'll hit the lower support and spike like it did recently and has done in the past.
C&H - worth a mention - the cup formed over the course of a month but it looks like it never had chance to form a decent handle as the H&S took precedent.
I'd laugh if you thought I was a financial adviser. Your money, your problems.
If you liked this, I'd love a follow and a like.
There you have it! I've got to go, I've got a one-way ticket to the Moon.
~Retro
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.