Clear similarities between the first big move up, and the price action currently forming
Would like to see this moon after this setup concludes
Both are results of Rising Wedges
Both are sitting on the 200MA
Price is pumping, hitting the fib level, rejected, back to continuation and repeat.
We will see if a third peak arises.
I saw another scenario involving a rising wedge, but permabulls will be permabulls, so here's my bull take
The market took a slight dump and currently bouncing back.
I am buying some DGB/USDT for possible trades.
10% to 20% jump expected.
Entry level: $0.06138 to $0.06281
Stop Loss: $0.05436
Use minimum 5x leverage and set your SL.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So,...
Digibyte seems to be ready for another move to the upside here.
It has been consolidating nicely since hitting 9 cents a few weeks ago.
In the bigger picture, DGB has been moving sideways for almost 4 years and is ready for an explosive move soon. Remember, price discovery mode kicks in around 14 cents so be ready for a huge impulse wave up after achieving new a...
1) Broke the parabola, which signaled a correction;
2) Did a nice correction in 0.618 fib zone;
3) Did RSI and MACD correction;
3) Good support at EMA 50;
4) This was the FIRST WAVE in long term.
Target 1: U$0,16
Target 2: U$0,22
Target 3: U$0,29
1) Digibyte still in buy zone (140-150 sats) - Good accumulation;
2) Bullish RSI (holding above +-45);
3) MACD almost crossing;
4) Digibyte will have a strong movement at any time.
Target: 200 sats
Ps: PARABOLIC advance still intact in DGB USDT chart!
Past DGB movements:
First wave: 110 to 175 sats ✅
Second wave (correction): 175 to 147sats - Perfect fibo 0.382 retraction ✅
Now, it's time to the third wave.
The 3rd wave is always bigger than the 1st wave (2x / 3x bigger).
If Digibyte breaks 175 sats, the 3rd wave is confirmed.
Target 1: 250 sats (1.618 fibo)
Target 2: 310 sats (2.618 fibo)
Target 3: 380 sats...
The most wanted signal appeared: The Parabolic Line!!!
EMA 50 = Perfect buy zones.
MACD ready to pop.
Next Target: U$0,09
Digibyte is waiting a little to push up because Bitcoin is rising. When BTC stop a little, we will see Digibyte leg up.
I believe that DGB will hit the target in the next 7 days.
Digibyte is holding 9 days above EMA 50 (green line).
What is mean? Every EMA 50 touch is one buy opportunity.
The price is holding strong and DGB is getting a boost to reach higher levels.
The next target is around 200 sats.
Big movement VERY SOON!
This is why I'll HOLD Digibyte.
Pullbacks are being much smaller than leg ups, which means only a small correction (continuation pattern).
Smart guys will gain money, buying the dip.
The alt season has not finished.
Long term players will win the battle.
1) Very little pullback after touch the resistance (red line)
2) Price holding above EMA 50/200
3) RSI holding above 50
4) Stock RSI is preparing to rise again
Digibyte will break the strongest resistance VERY SOON!
Fasten your seatbelts! 🚀