DigiByteLong
DIGIBYTE (DGB/ USD) ON ITS WAY DOWN BEFORE PUMP? (PERFECT FLAG)
Updated
HEY TRADERS, THERE'S BEEN BUZZ ON MY TWITTER FEED AROUND THIS COIN (GO FOLLOW!) THAT IT WILL PUMP SOON...BUT THE GRAPH SAYS OTHERWISE. HERE'S MY DGB ANALYSIS, ENJOY.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
DIGIBYTE ANALYSIS:
+ I THINK IT'S MORE LIKELY THAT DGB WILL HIT WHITE SUPPORT AT ~$0.58 BEFORE IT HAS THE OPPORTUNITY TO REBOUND AND BREAK WHITE RESISTANCE. WHY? IF YOU TAKE A LOOK AT THE EMA INDICATORS (YELLOW AND RED THIN LINES) THEY SEEM TO BE IN THE PROCESS OF CROSSING. RED ABOVE YELLOW USUALLY INDICATES A DOWNTREND. MORESO, MOMENTUM SEEMS TO BE BUILDING IN THE DOWNWARD DIRECTION (GREEN GRAPH). MEANING ITS POSSIBLE THAT PRICE WHILE BREAK WHITE SUPPORT IF IT REACHES THOSE LEVELS. BOTH EMA AND MOMENTUM INDICATORS BACK UP MY CLAIM...BUT FOR THE SKEPTICS LET'S CONSIDER A MORE BULLISH VIEW.
+ IT IS STILL POSSIBLE THAT PRICE WILL REBOUND FROM WHITE SUPPORT AND BREAK WHITE RESISTANCE WITH ENOUGH MOMENTUM BEHIND IT. BUT RIGHT NOW RSI CHART SAYS DGB IS OVERBOUGHT...YET ANOTHER SIGN THAT SOME CORRECTION MAY BE NEEDED BEFORE PRICE IS ALLOWED TO PUMP BIG.
OVERALL I THINK WE WILL SEE MORE CHANCES TO BUY IN AT DIPS BEFORE DGB PUMPS FOR PROFIT, AS WE ALL HOPE IT WILL. LET ME KNOW WHAT YOU THINK...HAPPY HUNTING MY FRIENDS.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
DIGIBYTE ANALYSIS:
+ I THINK IT'S MORE LIKELY THAT DGB WILL HIT WHITE SUPPORT AT ~$0.58 BEFORE IT HAS THE OPPORTUNITY TO REBOUND AND BREAK WHITE RESISTANCE. WHY? IF YOU TAKE A LOOK AT THE EMA INDICATORS (YELLOW AND RED THIN LINES) THEY SEEM TO BE IN THE PROCESS OF CROSSING. RED ABOVE YELLOW USUALLY INDICATES A DOWNTREND. MORESO, MOMENTUM SEEMS TO BE BUILDING IN THE DOWNWARD DIRECTION (GREEN GRAPH). MEANING ITS POSSIBLE THAT PRICE WHILE BREAK WHITE SUPPORT IF IT REACHES THOSE LEVELS. BOTH EMA AND MOMENTUM INDICATORS BACK UP MY CLAIM...BUT FOR THE SKEPTICS LET'S CONSIDER A MORE BULLISH VIEW.
+ IT IS STILL POSSIBLE THAT PRICE WILL REBOUND FROM WHITE SUPPORT AND BREAK WHITE RESISTANCE WITH ENOUGH MOMENTUM BEHIND IT. BUT RIGHT NOW RSI CHART SAYS DGB IS OVERBOUGHT...YET ANOTHER SIGN THAT SOME CORRECTION MAY BE NEEDED BEFORE PRICE IS ALLOWED TO PUMP BIG.
OVERALL I THINK WE WILL SEE MORE CHANCES TO BUY IN AT DIPS BEFORE DGB PUMPS FOR PROFIT, AS WE ALL HOPE IT WILL. LET ME KNOW WHAT YOU THINK...HAPPY HUNTING MY FRIENDS.
Note
I WAS WRONG ;/
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