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joe2411

DGBUSD DGBBTC? Is it really a buy now?/

Short
DigiByte / Bitcoin (BITTREX:DGBBTC)  
joe2411 Updated   
BITTREX:DGBBTC   DigiByte / Bitcoin
Trend Analysis Chart Patterns Wave Analysis DGBBTC
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trendanalysis chartpattern waveanalysis dgbbtc
DGB seems to have broken out of a crucial eding diangonal however, a ending diagonal usually penetrates the lower trendline. In this case we have DGB breaking the top channel appearing like its ready to go however, it hasnt completed a normal ending diagonal, the move up seemd stratight ABC as oppose to 12345. In addition, we still have the 88' FIB left to go which if the bottom ending diangonal channel had been broken to validate it, it would have touched the 88 fib. Even though it appears a buy, im not convinced, price is moving up but there is no volume?? How?? Where?? Misleading?? Given BTC still needs to produce a new low low wave, alt coins will follow so my bias at this stage on DGB even though it appears ripe for a buy, im holding off for more confirmations or at least till BTC finishes its cycle.
Comment:
snapshot
sorry wrong chart, see snapsot of DGB
Comment:
snapshot
dgb back to the pre up move level and forming a nice flag. entry target at 0.005 -0.01 still on track
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