After our successful last trade DGB is falling back to the green uptrend line.
If this holds we might be in for another leg up.
Buyzone is around the Blue and Green supportlines within the Yellow circle. (218 sats or lower)
Look for a reversal signal first!!
-Invalidated if: Green support breaks.
-Stop Loss: just under the support line.
-Take profit: 250 and...
After our successful analysis we are looking for a new setup in Digibyte/USD on Bittrex.
DGB is consolidating and we should look for a buy opportunity around the Blue or Red support line.
The buy zone is between 0.020 and 0.0185 within the Blue box.
-Look for a reversal signal first!
-Use stop loss under need the support.
-Use money management
-Don’t forget to...
Digibyte broke out of the long term descending triangle (in black) retested the downwards resistance line and became bullish, now what?
Green: Ultra Bullish.
Blue: medium bullish.
Red: A little bit bullish but later.
In the most bullish scenario painted in green, Digibyte will bounce of the green support line around 200 / 210 inside the green...
As you can see in the left 3 red circles, Digibyte has reacted strongly to the red uptrendline.
It broke trough 2 (years old) resistances with ease. (Blue and black) which suggest a strong uptrend.
Within 2 day’s I expect price to bounce out of the red circle on the right.
This move is supported by the black and red support lines and the RSI has a lot of room to...