The weekly DGBUSD chart is showing great similarity to the classic market cycle psychological setup, along with multiple touches already this year of the 1 cent support line which is looking weaker by the day as we sit there without any movement.
I'm looking for another leg down into the depression phase that could see the price go as low as $ 0.005
I will be looking to add to my holdings between $0.005 - $0.007
Fundamentally, DigiByte seems to be quietly updating an existing product, that has real world applications, and is setting itself up to be a robust, fully decentralized blockchain for a company to build upon.
There seems to be a new media darling or two every cycle and the large gains, and excitable attention that could surround DGB has the potential to bring in a fresh round of euphoric bandwagoners to boost the price up to the next level. That and getting listed on more of the major exchanges to help with greater liquidity.
My targets for next bull cycle $0.10 $0.30 $0.50 $0.83 $1.00 $1.30
This is not intended as trading advice. I'm sharing my plan and outlook and welcome any contrary thoughts.
Happy trading, stay safe.
Comment
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Depression stage extended. Accumulation to most likely range until next fall to spring.
Could possibly see price break below $0.005, if it does I'd imagine the bottom forms in the $0.003 range.
Very good analysis. DGB has all the potential to make this happens. DGB is one of the fastest and more secure and most underrated crypto currency.
Astark90
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why doesn't the play button work?
reyquaza100
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any update?
VS29DragonFire
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Nice Call in your buy zone! According to my analysis, we just hit bottom.
AJCSHARP
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@black_squirrel any new updates on it.Where you got disappeared.
rkalish
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I think there is great potential upside. I think your wishful think of retracing to .003. I think that the entire market would have to had crumbled for this to occur. The same buyers that brought us where we are like myself would be filling their bags anywhere in the .01-.015 range as I did when we dropped a short time ago. Otherwise I am in agreement, sky is the limit!
black_squirrel
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@rkalish, check the date on my update. The price already went below my range low target of $0.003.
rkalish
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@black_squirrel, I didn’t say it didn’t get there. I am aware as I was buying it. The bittom of your comments suggests a retracement back to .005 and possibly .005 which is what I disagreed with. Anything can happen as we all know but that scenario seems the least likely at this point.
black_squirrel
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@rkalish, you're confused by my comment that is very straightforward and clear. On Feb 28th I said that in my opinion the price would go down to $0.003, and it did. I in no way have stated it will go down there again after already having done so.
AJCSHARP
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@black_squirrel, when you see .20 $ as per your analysis.Also friend you did not reply my private message. I never found anybody predictions like yours.Amazing work.