Be carefull with DGB, however upside potential is present!

POLONIEX:DGBBTC   DigiByte / Bitcoin
Currently DGB is trading on the support zone of the Ichimoku cloud . The same situation occured end of january / beginning of february. This resulted in a steep drop. If it Holds and does not break out on the bottom there is a good chance it will prepare itself to break out of the cloud in the coming days or at least test the resistance.

If the resistance gets broken first target will be around 750-800
Comment: DGB stays on the bottom of the ichimoku cloud. As long as it remains it the cloud the trend will be neutral however the cloud will be tightening in the coming days and a breakout either up or down is expected.
Comment: BTC gave DGB the push to break out of the resistance of the cloud. This can create additional momentum for DGB in the coming days/weeks
Nice can you tell me a bit more about the Ichimoku cloud? I haven't learned to use it yet.
janwatson XenoBiologist
@XenoBiologist, In short, the trend is up when prices are above the Cloud, down when prices are below the Cloud and flat when prices are in the Cloud. Furthermore uptrend is strengthened when the green line is rising and is above the red line. Hope it helps
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