$DGB, Tell It Like It Is…

BITTREX:DGBBTC   DigiByte / Bitcoin
Looking at our trend timeframe we see price continuing to respect it’s downtrend, recently rejected at 400 satoshis. DGB now looking for support, momentum in favor of bears. Expecting a drop towards 200, where we’ll be looking for a double bottom formation.

Shifting over to our pattern timeframe we see DGB at a critical point, with yesterday’s candle left indecisive. Today’s open 372 with a high of 380 an a low of 359. Stochastic RSI showing momentum in favor of bears, a daily close above 375 and expect a push towards the upside, however if rejected and we see a daily close below 360 expect a sell off.

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