As DIGIBYTE is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
DigiByte (DGBBTC) broke its downtrend on the weekly time frame (left) and printed a clear reversal candlestick (circled in blue).
We can expect for DigiByte to recover here and a start a new, strong and sustained uptrend... Yes, I am calling for a change of trend here.
DGBBTC hit bottom on a low wick at 15 satoshis.
If you follow "conventional" trading and had...
The weekly DGBUSD chart is showing great similarity to the classic market cycle psychological setup, along with multiple touches already this year of the 1 cent support line which is looking weaker by the day as we sit there without any movement.
I'm looking for another leg down into the depression phase that could see the price go as low as $ 0.005
I will be...
DGBUSD is next GEM for me.
My analysis say that it will be Sky rocket soon and 1000% profit within next cycle.
My entry will be $0.008-$0.01
And exit point where you feel good.
I think #DGBUSD will be my best ROI coin of 2019-2020
Not financial advice.
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The downtrends in Bonfire indicators above the price should bring some bullish momentum. Pivots are marked and the goal is a a nice cross up over SN, DL and Buffer..
More on Bonfire indicator @ docs.google.com
$DGB #DGB (Update)
- Forming Falling Wedge In Daily TF.
- All Indicators Turning Bullish.
- Coin With Huge Community
- $DOGE & $DGB Both Looks SIMILAR In Daily TF Charts.
- Keep Your Eyes On It..
Hit Like For Support & Motivation.
The price action has formed a bearish shark from X to C leg.
Now the priceline has entered in potential reversal zone and we have pivot 1st support withing this PRZ area which will push the up to hit the sell targets soon insha Allah.
Volume profile is also showing very poor interest of traders in this area.
The targets are:
Buy between: 0.00000168 to...
a powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
Pair : #DGB / #BTC
Platform : #Binance
RSI : 49
Volume : A good amount of volume circulating on the 1D chart.
**Note : #DGB was on a downward trend for such a longer time and tried to make a reversal move on Mid May which was once again rejected and goes down to the lowest points. For now it showed a very good bullish candle stick...
Some perspective on what some altcoins like DGB could do in the near future. Honestly I am growing a bit skeptical on new higher highs vs BTC since BTCUSD is going to be quite valuable by then but ATH area should be reachable.