Ready for Wave 5 (Update)

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Ready for Wave 5 (Update)Digi Power X Inc.BATS:DGXXBortTAPrevious chart had some important information missing and felt like it needed an update. DGXX has had a very rough week, but this changes nothing as the chart is still currently holding up well. And as long as we hold above the 200DMA/50WMA then you shouldn't be concerned with the price action. We just ended the trading week pretty harshly in general as the majority of stocks were hit pretty hard, but in particular Neoclouds. With stocks like IREN hurting just as much as IREN. And I would argue DGXX follows IREN so the price action we've experienced isn't entirely down to DGXX sentiment. Both stocks ended on important support levels and deep in the RSI oversold territory. IREN being a 30 and DGXX being 31ish. DGXX has found itself in a major area of support confluence with it testing its 0.618%, a very strong fib retracement support, the bottom of the bull flag and the price gap which can act as support and or resistance as shown at $9.17. This is 3 strong levels along with an RSI screaming that a reversal is due. Any further breakdown, then we're likely to see a gap fill which isn't unheard of and the structure would still be intact along side testing both the 0.764% and 200DMA which is another strong confluence level. What we want to see is a strong start to the week from the stock market and the overreaction regarding IREN to settle down as it really isn't as bad as people made it out to be. IF IREN can bottom where its at then this will 100% help DGXX as there's a lot of upside remaining for IREN. Any positive news from either stock during the weekend would be good to see as well.