the pattern of rocket then consolidate has played out twice. I feel like we have a few more to go.
So we have seen a huge pump for dgb, dgb right now is holding the price but i think its going down to 500 again to complete the triangle. If we break the TOP, i recommend you to buy again, if not, buy back at 500 aprox.
Basic concept: resistance -> support. There is even a lower support level, but will not draw it at this moment. Couple of days ago we had a nice move, resulting in over 200% gains, when RSI broke out of previous resistance. The question now is: can it find support in the same area it broke out? Will the trampoline be enough?
It seems DGB is up for another run up
looks like a bull flag to lets see what happens.
Red line: resistance -> support -> resistance from the of highs 5 days ago. Teal line: support -> resistance from the breakout 3 days ago. Basically RSI has to break and hold above the barrier marked with yellow colour for price to reach new highs. Previous candle closed inside the marked range. Any close below 274sats would indicate the probability of lower prices.
So looking back on Digibyte it has done this spike to .0000100 before however the current spike is running off the same juice all alts are since the winklevoss ETF was denied, money started pouring back into alts once people realized bitcoin wasn't going to double that day. so while it might come down i think its upward trend since the 3/10 will at least be...
There are number of Drawings on this update, that should give you an idea of where everything is going. There is both an Ascending Triangle and a Symmetrical Triangle that are formed in the same area. Previous: Inverse Head and Shoulders broke through the neckline, causing a touch to the Bullish Diversion. Wave Retracement Pattern ABCDE are completed so...
When the Ascending Triangle breaks, it's 3 drives upward. Target ~850 - 1000
Inverse Head and Shoulders look like it will fail and begin the next set of 5 waves upward
bullishly biased, waiting for RSI to breach the teal line from the breka of most recent highs wedge pattern forming on RSI and on the price itself. also a 4H close of 117 or higher would indicate momentum
Possible weakly triangle breakout, price target in green area.
As you can see I drew a fibonacci retracement from the lowest low to the highest high, trying to find the sweet spot for my entry point. Both MACD and RSI are not sending any signal to rush for a quick buy. So lean back, relax and wait until the chart drops below the first resistence level at 0.00000077 (yellow rectangle ) based on the fibonacci retracement...
Digibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam. Looks like a cup & handle forming, watch for a breakout past the neckline. Supported by the...
Digibyte went up pretty fast, so it is reasonable to expect a crash soon. Especially after the second bounce at the 110 sat resistance that seems to be forming a double top. Looking at the volumes, it looks like the money has already been made on this pump, because at "Whale in" is when the pump started, and at "Whale out" the profits have been taken, so unless...
seems like there's a bottom at ~59sat. Segwit just updated to 67%, this might help to break the temporary downtrend.
The first quarter is promising good developments for the DigiByte devs. A close above 30 could signal the next bull up. But if it breaks below 29 we could see 25 - 20 Could also be more sideways in accumulation.