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DGBBTC DigiByte Market Analysis

POLONIEX:DGBBTC   DigiByte / Bitcoin
DGBBTC             from the daily chart passed from downtrend to range market, but still not in a bullish zone. Support has not been tested enough yet.

In the 4 chart, however, a symmetrical triangle has been formed with a possibility of short term profit after triangle break. Look for bullish indicators before placing your order, and confirm with at least to bullish candles. Triangle may break after Segwit, 8/2.

Is good time to go short if you are holding profits, if not, wait for the triangle to break.

Also, you can go long over 659 after triangle break.

WNZ
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Comment: Uptrend line tested at 556
Agree. With triangle closing, not worth the short due to volatility. Triangle change quickly. Tonight didn't hit bottom (yet). Best case prior to breakout is 655 out, 620 in. Just my thoughts.
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