TradingView
tdiallo
May 7, 2020 9:34 AM

PAY ATTENTION ON DGBUSDT RETRACEMENT Long

DigiByte / US DollarBittrex

Description

Reversal pattern has been identified in green. Rsi is showing sign of correction after the big move we have seen on this coin. As you can see on the analysis we're expecting at least 35% based on fibbonacci retracement before seing the run continuation.
As i always say, protect your position with stoploss.
-----------------------------------
Good luck
Comments
rkalish
If you are long on DGB and don’t trade would you suggest just continuing buying the dip?
UnknownUnicorn1082152
@rkalish, I still think buying dips is a great idea as long as the buyzone holds.

I came up with a similar target but a different method:

TheKitchenTrader
RSI on daily in buy zone. What are your thoughts here?
tdiallo
@GenX9, Still in retracement. Very risky to get in for now.
TheKitchenTrader
@tdiallo, The daily gave us a nice candle which hopefully is support.
tdiallo
@GenX9, yes definitely
cryption
spot on!
More