Chivashon

$DGB - Digibyte Weekly Analysis

BITTREX:DGBBTC   DigiByte / Bitcoin
I have Digibyte on my watchlist as the long term chart has always looked good. On the weekly we are trading well above the 200 and 50 week moving average here giving signs of long term strength and possible adoption. This past week saw heavy losses but we are seeing support at the 10 week moving average and we may be forming a long term descending wedge . The overall trend is still bullish , higher lows but e do have a lower high which could be sign of consolidation in the long term. We did recently break through a weekly swing point of resistance, but if the wedge pattern holds true in the long term, we hope for support around 375 SATS if the higher low trend is to continue. I bought some Digibyte and plan to continue to buy more as long as this pattern holds true and see a bounce.
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