Have no idea why you would bring up a falling wedge or a rising wedge when it comes to DIGX...this is creating lower highs and higher lows which would lead to a symmetrical wedge...A falling wedge has lower highs and lower lows...A rising wedge has higher highs and higher lows...and neither are applicable here...imo...
Actually it has gone over 001 three times in the last 3 months forming a triple top...it first formed a double top in July and could not hold and then dipped and now it has a triple top and is starting to dip...there is a consistent pattern forming here and with the Doji on the Friday it is clear that there is indecision...
"DIGX investors seems to like many facets of this company. Hence the higher lows."
Higher lows only show one thing and that is that traders like to buy DIGX every time it hits a bottom thus creating higher lows...what does not happen is the same buyers are not buying to push for higher highs and if they liked many facets of the company then there would be no hesitation and traders would be buying and creating higher highs...that may start tomorrow but for now that is what I read from my charts...
In any event we are on the same side of the trade here and hope for DIGX to run big but until it does I will keep trading this channel...lets see what candle follows the doji from Friday's close...
Wish you great success with this and all your trades...Enjoy...
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