Today's BTC movement unfortunately derailed DGB from the nice trend line it was forming. But, no need to fret, it appears that we are simply undergoing a Symmetrical Triangle Correction before starting wave 3. Wave 3 should be a nice impulse move, so if you are holding, keep holding, and if you are looking for an entry, I would wait for confirmation of a breakout of the triangle with increasing volume.
DGB READY TO BLOW NEXT DAYS.
hurry up to catch the rocket
Namaste
lrod
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right now touching c, time to jump?
cryptomanna
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@lrod, i think we will probably test 400 again, before bouncing up back to 500.
YOBRO220
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why wont dgb start a 1.2.3.4.5 instead of going on with the abcde ?
cryptomanna
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@maddycurrupt, It technically could, since we do have an ABC corrective movement on the chart. But, the probability for further consolidation before the next leg up is greater in my opinion. If we breakout of the triangle where point D is with strong volume, then this idea is invalidated and we just start the next movement up sooner than anticipated. Either way, it's a continuation pattern, the only real difference is the timeframe.
YOBRO220
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@cryptomanna, Ah nice. Thank you for the explanation. I think you might be correct about the consolidation part.