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...
Idea for Digibyte Just making assumptions based on the last bullrun and the base formed before the bullrun began (in green)
breaking out of the price wall of decline sitting at the 350 MA double bottom at long term support continuation depends on getting above the 350 MA
This reversal should see DGB retesting all time highs. Bullish divergence in RSI with a clearly established support/resistance. Fibonacci retracement worked out as planned.
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...
macd histogram moved in a positive direction right at the .786 retrace
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.
distribution mark down accumulation spring mark up simple 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...
A very great position for digibyte sitting just above 1.618 very reliable buy
If btc keeps falling I'm expecting a fall down to the circled area. There are a few supports that could trigger the bounce, but hoping I can at least catch a wick on the yellow dotted horizontal line or close to it, probably around an intersection of supports. I'll just watch and see what it does. It looks like we just confirmed a resistance and about to have a...
digibyte outperforming zcash on a few metrics upside moves have brought in larger gains digibyte already beating the previous bull run high both are going to do very well in a continuation of the bull market not financial advice
Bullish breakout above 1.618 on the strongest fib circle trend identifiable Similar patterns of attachment to 0.618 can be seen in the ovals near the .618 ring This is common with fib circles Great buy!
If BTC continues to move up to $100k and beyond during this market cycle, then DGB's trajectory may look something like this. This is me being quite conservative, to be honest. Seeing a parabolic rise to $2-$3 wouldn't surprise me in the slightest. (not financial advice ;)
simultaneous test of neckline & 1000 day support strong rising IHS pattern with pattern completion at .40 trading is your own risk and your own reward.
record low on the MACD bullish divergence with the price action lows (pick any other low, how could it not be?) strong chart - weak hands flushed - next leg? not financial advice