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RizeSenpai
Apr 1, 2023 11:26 PM

DGBUSD: Inverted Head and Shoulders Above POC Long

DGBUSDT Perpetual ContractBybit

Description

Digibyte on many charts is breaking out of a falling wedge while showing us a 3 Line Strike on the monthly and on these charts the macro move you'd expect would take s between 12 and 20 cents, with that in mind i now look on the more liquid Bybit Chart and can see that 12 cents would be the 1.618 Extension and that it is currently trading above the POC after forming an Inverted Head and Shoulders pattern. If we breakout i would target the 0.886, then i would target the 1.618 for profit taking.
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