Taking a closer look at the Digibyte chart in the daily timeframe and adjusting slightly for BTC Hashrate slowdown due to the exodus of Chinese miners, and the Fractal is even more strongly correlated.
What do you think? Do you have any targets for DGB?
A review of the posture of Digibyte, following the completion of three corrections, printing three successively higher-lows.
In terms of Elliott Wave analysis, there are two interpretations:
DGB has now completed a Wave 4 and commenced a Wave 5; or
DGB has completed a Wave 2 and just commenced a Wave 3.
Either case is bullish and is well supported by...
Digibyte is showing a lot of respect to the 05.8 cent to 06 cent area and in my opinion is very bullish going forward for the next couple months. Targets to come as we move forward, let's make new highs first.
Look at the historical resistance this area has played in the past and now has conquered it and flipped it to support.
Your patience &...
In this Digibyte study requested by a subscriber, I look at the longer term market structure of this Proof of Work crypto currency through the lens of the BTC halving cycle, assuming a continued correlation to that cycle. There are some apparent target for the peak of the current market cycle in both time and value, and future projections for the subsequent...
Im not saying this pattern will playout as I have drawn but DGB is has lots of good things going for it. Too much to be coincidental for me. I will be paying close attention to DGB over the next weeks and months.
Bull flags, cup and handle, trading channel, support and resistance and it all lines up with the RSI does as well!!
Thank you for looking.
$DGB rejected from resistance zone, and it is trading below descending resistance, also it is still above a support zone that is between 0.618 and 0.786 fib of last swing high.
#DGB price needs to break out from descending resistance zone to start a new rally.
if price going to make a AB=CD pattern, the long term target can be $0.2, which is 250% increase...
I think people need to pay attention to #DGB. In early 2017, $DGB had a spike, and then at the end of 2017 DGB popped 120% from the previous high earlier in the year. If DGB repeats this same pattern, we could easily be looking at a 625% increase from here on the second run up.
And that is without being listed on Coinbase, or any new partnerships or project...
Expecting a 10% to 15% drop in DGB. MA's making a bearish crossover and broke below it.
Enter at CMP ($0.04853)
Target: 10% to 15%.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
The selling pressure on DGB is weakening so in next days DGB could recover to 0.065$ zone or even pump strongly to 0.08$ and 0.1$ zone. So in this period, we will keep accumulating DGB at 2 support zones : 0.05$ and 0.055$ zones. But if it loses 0.05$ zone it will fall down to 0.04$ zone
🔴Buy : 0.0538-0.0562$
🔴Buy : 0.0488-0.0512$. SL if B
The market has been tricky the last couple of weeks, providing a relatively wide range trading for most cryptocurrency pairs. However, sooner rather than later the range trading will be over. The DGB price action is much weaker than most coins, thus it can be dumped further during the next week.