SparksterSignals Analysis Of Digibyte
Updated
We haven't covered DGBUSD yet. Why? Because DGB isn't good for trading? Not at all. The reason is that we are focusing on coins that we can integrate into the SparksterSignals platform at some point, based on user interest. Our integration with Binance Exchange means that we focus on coins that are available for trading on Binance. And Digibyte was recently added. The reason we're using HitBTC for the chart analysis is obviously because the coin is so new on Binance that there's no chart history there yet.
News about DGB continues to get better and the fundamentals of the project currently looks strong.
DGBUSD recently had an epic price recovery, moving above a horizontal level that now divides the chart into a clear top half and bottom half. This suggests a launching pad effect for the price and after some consolidation, on breaking out of the current triangle, we expect DGB can pull off a further 150% appreciation to reach it's previous ATH.
The weekly chart does show downwards momentum via the MACD so we're not expecting an imminent breakout just yet, but DGB is certainly on our watch list. How about you?
News about DGB continues to get better and the fundamentals of the project currently looks strong.
DGBUSD recently had an epic price recovery, moving above a horizontal level that now divides the chart into a clear top half and bottom half. This suggests a launching pad effect for the price and after some consolidation, on breaking out of the current triangle, we expect DGB can pull off a further 150% appreciation to reach it's previous ATH.
The weekly chart does show downwards momentum via the MACD so we're not expecting an imminent breakout just yet, but DGB is certainly on our watch list. How about you?
Note
12 hour time-frame shows current strength breaking above cloud. 
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