jbutler7
Short

Can DGB do another 90% drop? VERY possible.

POLONIEX:DGBUSD   DigiByte / US Dollar (calculated by TradingView)
We are riding too close to this support level , and if we crash through it there's nothing to hold it up anymore. That is a HUGE gap to fill.
I am not predicting this will happen, but for all you hodlers out there, DGB has not done anything this year except drop in USD and BTC . Now that everything is dropping it could tank even more, so buyers beware. This is still risky IMO .

Now there's also a chance we completely blow out of the water on this one since it still hasn't shown us any action this year. I still worry though, look at that nonexistent volume over the last many months. Up to you to decide.
Or this descending triangle is a continuation pattern of multi year consolidation and will break to the upside. It did happen before, could happen again. Fundamentals, DGB is a rock.
+1 Reply
jbutler7 sup3r_princ3
@sup3r_princ3, Thank you for the feedback. Time will tell, and rather quickly I believe. We are just too close to that support breaking, would be devastating and likely the end of DGB.
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Very possible. Long term support on long term structures is way lower than current price. Might break hard like you said . Proceed with caution
+1 Reply
jbutler7 InJayWeTrust
@InJayWeTrust, Thank you for viewing and for your feedback!
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