DGBBTC: 2nd Bull Flag Pattern - Target: 190 sats

12 באפר׳ 2021

DGB is forming another bull flag pattern on the BTC pair. Between 15th March - 31st March, DGB was forming a bull flag pattern and broke out on 01st April (16 days in total). Target was (almost) reached as the flag pole gave a target of 167 sats from the breakout point while DGB reached 165 sats on 05th April, 2 sats short. DGB started forming another bull flag pattern from 01st April (last breakout point) and is in the flag consolidation phase currently. If history is to repeat itself, expect DGB to retest the 20 EMA at approx. 138 sats before continuing the flag consolidation pattern in the 140 - 150 sats range, and eventually breaking out on approx. 17th April (16 days in total from 01st April). If breakout occurs, we could see DGB hit 190 sats by 21st or 22nd April.

Obviously this could not play out as expected and is just a modest analysis based on the very recent DGB price action.

Happy Trading!