DGB (Briefly) broke out from it's downtrend last week but since then it has continued to trace back towards original break pricing.
It now appears to be tightening up again as it nears the original break level so we may see some gains in the next couple of days.
The concern is that the trailing resistance only rests about 10% from support.
I'll be watching and...
I am brand new to this and never taken any classes on TA. Also, I hate math, but I love this coin so I am giving it a shot. I have watched enough youtube videos and followed enough "experts" on twitter to know that "lines don't matter". HA HA. I really like to watch this particular stochastic as an indicator. I have noticed that it is usually fairly smooth and...
1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - Excelent volume
3 - Neutral MACD
4 - Good RSI (holding above 50)
5 - We had a retest on the parallel channel (marked in green)
Support at +- 0.018
If Digibyte hold above the parallel channel and climb to 0.021+ , a great upward movement is expected (uptrend reversal)
DGB currently retesting original resistance.
Yesterday the break played out as anticipated for double digit gains.
Possibly a good re-entry point at current level as we anticipate a bounce from previous resistance.
Tight SL in place.
Any thoughts or feedback welcomed.
Bingaz.
DGB remains in a structured Downtrend, (albeit a wide one) and if current support holds it should attempt a breakout in the coming hours or days.
Seen in the charts, besides a brief dip it remains within the triangle and the length of this consolidation should prove to build momentum into a move to the upside.
MACD and RSI may need to test lower support ranges...
posting this as I am only interested in watching the price react to historic levels
most trading patterns tend to broken by the market
shapes are arbitrary
I trade horizontal lines only
not trading advice
DGBBTC
I don’t know how many people are in this coin, but I want to warn that the situation may continue by breaking the support line of this triangle. Be careful
I see first stop at the green box
Best regards EXCAVO
in this inverse view of DGB it is clear that many support levels have been lost
the price could not hold on to the channel bottom or the support at .165
if it cannot get back above .165 the unfortunate next support is .05
we can only wait and see if it holds
crashing upwards
Digibyte has been a fun one!! 😁💲💲💲💲
Got some green sitting around 2 cent range as it tries to hold its ground, not concerned yet.
Still holding onto this position.
I'll consider exit on 3 day movement.
DGB/BTC
-cross ultimate indicator signal Long priority
-a strong breakout above multiple local resistances
-very clear market change to an uptrend
-next upside target is 325s
-if immediate support at 181s will hold
-we might see another leg up
-currently, daily consolidation is on the way
If that pattern forms, will be beautiful!
But we have a good probability of breaking upwards before this formation happen.
Target (if the pattern is completed): 0.029
Traders , after a 15% correction from our last top , we 're still sitting on a crucial fib level . A consolidation around this area could lead us to more than 50%move to the upside . I'm not familiar with the A-E waves but following our fibs and our curve , the result could be around the corner. Don't be fooled , a possible re-test of the 0.382fib at 0.02044 is a...
DGB broke out from looking like a dead project on the charts. I am re-familiarizing myself with the protocol and fundamentals seem strong on first impression. I fomo'd in a small position at .024, as a moon bag to forget about. Traders keep an eye on resistance at .027, a close above that on the weekly should equal a continuation of this run.
