DGB/USD - Time Based Fib, Conservative Elliot Projection 2020-21
Log chart of DGB/USD mapped in a parallel channel with time based fibonacci markers. You can see that DGB is at a pivotal point. Shifts in momentum and direction happen shortly AFTER the fibonacci markers. Thus indicating another 3 or so months of consolidation and accumulation before ushering in a change of direction in December 2019/January 2020. Based on a conservative elliot 5 wave projection, I can see us easily hitting the previous ATH again summer 2020 (roughly June/July) and eventually pushing to $.30 on the last wave up. Dependent on market sentiment there could even be an extended 5th wave up to $1 or higher.
Now is just a waiting game. It won't happen quickly and the waves in between will be violent as investors and traders who got burned in the last cycle will be FOMOing and FUDing all over again. But, the trend is on its' way up for the long term in my opinion and will eventually see positive movement in due time.
Just my two digibytes.
Now is just a waiting game. It won't happen quickly and the waves in between will be violent as investors and traders who got burned in the last cycle will be FOMOing and FUDing all over again. But, the trend is on its' way up for the long term in my opinion and will eventually see positive movement in due time.
Just my two digibytes.
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