DGB/USD Pairing has been touching bottom for almost 4 weeks now floating around .0065 since it's decline from the .008s
Bullish outlook-
If the price passes the trend resistance at .007 it could be the start of a path back to .009 which would be a gain of about 30% from where we are now. .0065 ->.009.
Bearish outlook-
If price we to fall below and out of the bull flag pattern below .006 it will search for a new low that I anticipate to be around .004-.0052.
That is where longs who have not exit the market who entered on the dip will probably do so to protect their equity.
Personal outlook-
I believe in patterns and in the big picture we should start to see some movement upward technically.
Bullish outlook-
If the price passes the trend resistance at .007 it could be the start of a path back to .009 which would be a gain of about 30% from where we are now. .0065 ->.009.
Bearish outlook-
If price we to fall below and out of the bull flag pattern below .006 it will search for a new low that I anticipate to be around .004-.0052.
That is where longs who have not exit the market who entered on the dip will probably do so to protect their equity.
Personal outlook-
I believe in patterns and in the big picture we should start to see some movement upward technically.