Hi everyone, welcome to my first DGB BTC analysis. First i would like to point out that DGB has reached to its first resistance at 38.2% fibonnaci retracment. From over there i would expect pullback to 106 sat where lies 61.8 fib level from last rally to the upside. If we will find support at 106 sat i would expect price to go further towards 61.8 fibonnaci at around 220 sat. Also i would like to point out that previous supports works nicely on this pair as resistance, and combined with fibonnaci levels.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
weekly a higher high. this week 193 and who knows 223
Coder775
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@marsbioform, could be, but for now what am i seeing is that is correcting lower, maybe there will be at the end of the week movement to the upside and I think that 193 won't be much respected as 61.8 is more important.
UnknownUnicorn9192086
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unlikely accuracy
Coder775
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@cam3064s, would you mind telling more why do you say that? I'm just trying to make a scenario that would be with keeping in mind money management. But as I said this is just one of scenario and as I said only if it meets certain criteria it will be valid. But we need more data which we currently don't have.
Coder775
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@cam3064s, and dgb has fallen to my previously mentioned levels. what do you have to say now?