DAGB (Crypto / Blockchain Innovators ETF) Review – 17th June 2025
- John Nwatu MSTA CFTe
- Jun 17
- 1 min read
Weekly Chart
The trend on the DAGB ETF chart looks bullish and potentially forming an impulsive wave that is yet to be completed. Price is above uptrend line and has broken the downtrend line which provides an indication of positive price action and the direction it is trying to take. Price is also currently above the 50 week line adding more evidence to the bullish narrative. Since the spike 4 weeks ago, trading volume has reduced which raises the concern on whether there are enough participants to drive prices higher.
Although cautious on entering the market at the moment, the expectation is for price to eventually rally to the £10 mark and then ultimately completing the uptrend wave pattern at £16.
Daily Chart
The daily chart indicates there is a 5 wave impulse yet to be completed. Price may already be on the 3rd wave but won’t engage until price closes above £8.22 level. Given the reduction in volume waiting for a break to the upside would be prudent. Price may also drop to the 20 and 60 day EMA levels before picking back up again. Either way wait for the breaks of resistance levels to the upside before engaging.
Current trade plan is to enter at £8.22 with a stop loss at £6.48 and first take profit at £10 and 2nd take profit at £16. This provides a potential Risk Reward of 1 and 4.5 respectively.
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