On the 24th of June, DigiByte has found the support at 296 satoshis. This is the level of 76.4% Fibonacci retracement, that was rejected cleanly. After rejection, price went up and broke above the 50 Moving Average, suggesting the continuation of the uptrend.
On a small corrective wave down DGB/USD found the support at 50% Fibs, that was rejected along with the 50 Moving Average and the uptrend trendline. It seems the timing for the buying opportunity is great, although it could be better to wait for the break above the recent high at 419 satoshis.
When/if that happens, price is likely to increase towards the 61.8% Fibonacci resistance level located at 600 satoshis. This could be a potential growth of 50%, which could have just started.
On a small corrective wave down DGB/USD found the support at 50% Fibs, that was rejected along with the 50 Moving Average and the uptrend trendline. It seems the timing for the buying opportunity is great, although it could be better to wait for the break above the recent high at 419 satoshis.
When/if that happens, price is likely to increase towards the 61.8% Fibonacci resistance level located at 600 satoshis. This could be a potential growth of 50%, which could have just started.
Trade closed: target reached
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