Short
Possible scenario for Digibyte
Forming Bearish Decending Channel, Fibonacci Retracement shows support at 143 and 114 satoshis. Stoch Rsi is overbought on 1 day chart. Dgb is undervalued for sure, but no news has come out to support this kind of run. Possible bull run to test ATH after retracement.
Note
If DGB breaks bearish channel upwards, this idea is invalid.Note
If dgb breaks bearish channel upwards, then bullish all the way, not bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.