Welcome fellow Tradingviewers,
Our last analyses signalled the trend reversal that was about to happen.
Where the first (150 sats) and second target (250 sats) have been obliterated.
Resulting in over 250% price gain for DGB since our previous analyses.
We will now dive deeper in what is going to happen the next couple of weeks/months.
If you like Digibyte and this analyses consider leaving a Like it helps us a lot!
We will be analysing DGB using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- The last monthly candle has closed as a really big bullish candle, indicating more upside.
- We are now in contrary to our last analyses above the 50 MA, indicating more upside.
- MACD is crossing bullish on the monthly indicating more upside momentum!
- The volume keeps rising with price increasing, indicating more bullish momentum.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
Weekly:
- The last weekly candle closed as a bullish engulfing candle, indicating more upside momentum.
- We are above all MA's indicating more bullish momentum for Digibyte
- The MACD has crossed bullish, indicating upside momentum.
- This weekly candle should stay above 250 sats to validate the 250 resistance becoming support.
- The volume keeps rising with price increasing, indicating more bullish momentum.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
Daily:
- The last daily candle has closed in a bullish engulfing indicating more upside momentum.
- We are currently testing the 100 MA, indicating more downside.
- We are above all Moving averages indicating bullish trend.
- The MACD has bullish breaking the previous MACD high, indicating more upside.
- The volume keeps rising with price increasing, indicating more bullish momentum.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
In summary:
We sure got the breakout that we were all waiting for, as we said in our last analyses "WE BROKE OUT OF A MULTI-YEAR DOWNTREND" this one was really clear.
Digibyte seems to be in a bullish trend on (almost) all time frames indicating more upside momentum.
The key level is 250 now for the bulls to hold to turn that resitance into support before thinking of hitting our 3rd target from the last analyses located around 350 sats.
After touching 350 we preferably would like to see Digibyte consolidate between 250 and 350 sats before moving higher.
The volume picture is confirming the bullish view beatifully indicating that this is a real really and a real breakout from the multi-year downtrend.
Breaking the 350 sats zone would make the way free for Digibyte to hit anywhere from 550 to 600 sats with this current price action that we are seeing.
We really appreciate the Digibyte community and we have been giving away over 3000 DGB on our Twitter channel
https://twitter.com/forallcrypto
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
Our last analyses signalled the trend reversal that was about to happen.
Where the first (150 sats) and second target (250 sats) have been obliterated.
Resulting in over 250% price gain for DGB since our previous analyses.
We will now dive deeper in what is going to happen the next couple of weeks/months.
If you like Digibyte and this analyses consider leaving a Like it helps us a lot!
We will be analysing DGB using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- The last monthly candle has closed as a really big bullish candle, indicating more upside.
- We are now in contrary to our last analyses above the 50 MA, indicating more upside.
- MACD is crossing bullish on the monthly indicating more upside momentum!
- The volume keeps rising with price increasing, indicating more bullish momentum.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
Weekly:
- The last weekly candle closed as a bullish engulfing candle, indicating more upside momentum.
- We are above all MA's indicating more bullish momentum for Digibyte
- The MACD has crossed bullish, indicating upside momentum.
- This weekly candle should stay above 250 sats to validate the 250 resistance becoming support.
- The volume keeps rising with price increasing, indicating more bullish momentum.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
Daily:
- The last daily candle has closed in a bullish engulfing indicating more upside momentum.
- We are currently testing the 100 MA, indicating more downside.
- We are above all Moving averages indicating bullish trend.
- The MACD has bullish breaking the previous MACD high, indicating more upside.
- The volume keeps rising with price increasing, indicating more bullish momentum.
- WE BROKE OUT OF A MULTI-YEAR DOWNTREND
In summary:
We sure got the breakout that we were all waiting for, as we said in our last analyses "WE BROKE OUT OF A MULTI-YEAR DOWNTREND" this one was really clear.
Digibyte seems to be in a bullish trend on (almost) all time frames indicating more upside momentum.
The key level is 250 now for the bulls to hold to turn that resitance into support before thinking of hitting our 3rd target from the last analyses located around 350 sats.
After touching 350 we preferably would like to see Digibyte consolidate between 250 and 350 sats before moving higher.
The volume picture is confirming the bullish view beatifully indicating that this is a real really and a real breakout from the multi-year downtrend.
Breaking the 350 sats zone would make the way free for Digibyte to hit anywhere from 550 to 600 sats with this current price action that we are seeing.
We really appreciate the Digibyte community and we have been giving away over 3000 DGB on our Twitter channel
https://twitter.com/forallcrypto
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
