Wamses

DGB PERSONAL ANALYSIS IN THE LONG TERM

Short
BINANCE:DGBUSDT   DGB / TetherUS
Chart shows common supports and resistances based on the Fibonacci and price action. The coin's total evaluation is bearish. The short indication alarm from this chart is to not show a consistent short position in this asset, but to account in more selling of the positions at previously tested selling areas (resistances) and that in a future bear trend for BTC, a short position is more likely to be profitable in this coin rather than the others like SOL/MATIC (based on performance over a long period of time). The asset did not create any sort of higher highs nor lower highs which means disinterest in the audience to keep the price above and that it already visited the Bear Zone once with a very bad skew of 200 Day Moving Average.

The recommended strategy for this coin is to only long it in the 2 major buy orders and sell most of it in the next resistance. When BTC becomes a bear and probably would get rejected around the 68k again or so, DGB is one of the assets you should short by then, doesnt have to be now since the overall market sentiment at the moment is bullish so even bearish coins gets a little pump.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.