DGBBTC took a massive hit over the past 2 days as short term investors that came in looking for short term growth left after the much hyped Citibank Citi Tech for Integrity Challenge (CitiT4IChallenge) which was held in Singapore yesterday did not bring with it a boost in price.
Currently, the price seems to be holding at the 0.5 Fib zone. If this zone breaks, we will see prices plummet to the next support zone at 0.382 Fib.
RSI is also trickling into the oversold zone, which is a good sign. This zone of between 0.382 and 0.5 Fib may be a good entry point for DGBBTC.
As always, please do your own research and analysis before making trading decisions.
Currently, the price seems to be holding at the 0.5 Fib zone. If this zone breaks, we will see prices plummet to the next support zone at 0.382 Fib.
RSI is also trickling into the oversold zone, which is a good sign. This zone of between 0.382 and 0.5 Fib may be a good entry point for DGBBTC.
As always, please do your own research and analysis before making trading decisions.
Trade closed: stop reached