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...
W'e're in the 5th wave longterm, and 5th sub-wave shorterm. I am expecting extensive 5th wave longterm, 0.18's breakout and great exponential growth in the next months.
We can buy, add more at 0.02.
Targets: 10, 29, 53
From now, I am DigiByte holder.
See you soon!
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.
DGB is now at the daily support zone. This is a good setup with high risk reward ratio. The upside potential is high from here. The major resistance zone is $0.0495-$0.05 and we will see a good move if DGB break this level.
Buy Zone: $0.037 - $0.0385
Target: $0.042 - $0.0455 - $0.0495 - $0.0545 - $0.0597 - $0.0654 - $0.072 - $0.0785 - $0.0865 - $0.0943 - $0.104...
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.
are we there yet?
side note: If I was El Salvador, I would have given DGB (not BTC) to the citizens. much easier grab a larger share of the DGB pie.
cardano price action looking like the action of DGB before it went 12X on a wave up
$16 possible target for cardano
this price action could stretch out until Q1 2021
or this price action may not play out at all in the same way
not financial advice
good luck out there
Lately I've been getting the impression that we may have to wait a bit longer to see massive, life-changing gains with Digibyte.
Fortunately, the good news is that longer only means another year. Up until recently, it looked as though DGB was in a position to peak around December 2021, or perhaps January 2022 for this market cycle. This could still certainly be...