EW: DigiByte Is Coming Nicely Lower Into Projected Support
Hello traders!
Despite the fact that BTC made strong and impulsive rally, it was mainly because of BTC.Dominance, but most of ALTcoins remain quite weak.
As expected already 2 months ago, DigiByte is coming nicely lower within wave "c", which should be made by a five-wave cycle and it seems to be unfiished. So, keep an eye on projceted support in the 0.015 - 0.010 area, where a bigger a-b-c correction may come to an end.
Trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Despite the fact that BTC made strong and impulsive rally, it was mainly because of BTC.Dominance, but most of ALTcoins remain quite weak.
As expected already 2 months ago, DigiByte is coming nicely lower within wave "c", which should be made by a five-wave cycle and it seems to be unfiished. So, keep an eye on projceted support in the 0.015 - 0.010 area, where a bigger a-b-c correction may come to an end.
Trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Comment:
Despite recent bigger intraday jump up, DGBUSD still remain bearish, because of an immediate reversal down. So, we are now tracking a bigger bearish triangle formation in wave »b« before a drop down to projected 61,8% - 78,6% Fibo. support and 0.015 – 0.010 zone for wave »c«.
