What is DigixDAO:
It was founded in Singapore december 2014.
DigixDAO building decentralized autonomous organization (DAO) and specializes tokenization of tengible assets.
This provides the mechanism to create physical assets backed by the tokens on blockchain technology.
Where the public can verify the asset's existence and the chain of its custody via (PoP) Proof of Provenanace protocol which uses Ethereum network and interplanetary finle system (IPFS).
Technical price analysis:
On 12hr chart priceline of DigixDAO / Bitcoin cryptocurrency is moving in an up channel and now the price action is getting bounced form 100 simple moving average and bullish Ichimoku cloud and support of channel.
In directional movment the +DI is moving up and the ADX is at 35 this mean that the power of ADX is still assigned to bulls.
MACD is turned weak bearish from strong bearish .
As per Fibonacci sequence calculation method from the recent top of the channel upto the support the targets are:
Sell between: 0.001622 to 0.001772
Regards,
Atif Akbar (moon333)
Disclaimer: I am one of the top author of tradingview and share my ideas there with my username moon333 this article / post is the result of my personal research and working. The information contained in this article is for education purpose only, this is not intended to be investment advice, so please seek a duly licensed professional for investment advice.
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