SUMMARY
DigixDAO (DGD/BTC) is a new coin and and THINLY traded so it would not have the liquidit to absorb large positions without raising the bid sizably. Thinkly traded Cryptos need to be traded with caution!
DGD/BTC price escaped the downward pointing symmetrical triangle, confirmed by declining volume, with an upside move and an impulse is likely carrying it towards 0.0811 BTC.
A closer 1 hour chart view shows the price patterning out an a,b,c,d,e triangle (red waves) and they would place the wave 4 (white). Once wave 4 is done, a renewed impulse as subwaves of wave 5 should be identifiable and this would confirm the next leg up.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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