DBC has a massive rise last week, bringing back interest into the market. DBC has much news coming into April. That, coupled with a good TA set up, we will see DBC make significant moves.
Reasons DBC will rise.
1. Inverted head and shoulders on the 4HR (unconfirmed but possible)
2. Inverted head and shoulders on the 45min (Confirmed)
3. Upward trending support being respected
4. Broke above EMA ribbon. Last time we saw the break above the EMA ribbon it triggered the reversal
Reasons DBC will rise.
1. Inverted head and shoulders on the 4HR (unconfirmed but possible)
2. Inverted head and shoulders on the 45min (Confirmed)
3. Upward trending support being respected
4. Broke above EMA ribbon. Last time we saw the break above the EMA ribbon it triggered the reversal