DGB/USD Update 4HIf 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 bearish cross on MACD as well as 55/200 EMA
Planning to buy around $0.037 - 0.004 range if looking like a bounce.
Linked below are past DGB ideas as well as the most recent BTC update
Disclaimer: I am not a professional, just sharing my trade ideas. Trade at your own risk.
DGB
$DGB/USDT 8h (Binance Futures) Descending trendline breakoutDigiByte has broken out bullish and volume is increasing, we expect it to keep going up!
Current Price= 0.07276
Buy Entry= 0.07260 - 0.06760
Take Profit= 0.09710 | 0.12790 | 0.18230
Stop Loss= 0.05657
Risk/Reward= 1:2 | 1:4.27 | 1:8.29
Expected Profit= +38.52% | +82.45% | +160.06%
Possible Loss= -19.30%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
DigiByte (DGB) formed big Shark for upto 380% big moveHi, dear patrons, hope you are well and welcome to the new update on DigiByte (DGB).
On the 4-day chart, the price action of DGB has completed the formation of the Shark pattern. There is also 50 simple moving average support in the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.0624 to $0.0315
Sell between: $0.09 to $0.1520
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $0.0315.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 380%, and a high loss possibility up to 50%, therefore to minimize the loss factor we can use the 50 SMA as support.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DGBUSDT 1H long setup; Bouncing from bottom of parallel channelTA explained
DGB forming a reversal pattern at the bottom of the parallel channel. Using a tight stop here in case it isnt able to reverse after all.
BTW this is a VIP trade signal, don't tell anyone... If you want to join for more trade signals, let us know.
Trade setup
Best entries: 0.12675 - 0.13090
TP1: 0.14274
TP2: 0.15572
TP3: 0.16942
SL: 0.12091
RR: 5.21
Max leverage: 2x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
DGB ready for 300% explosion?The market has been exploding everywhere today.
Was scanning through some charts and stumbled on DGB/USDT
Full disclosure I'm not in DGB and this is the first time looking at the chart....
BUT
This coin looks primed to explode.
If it can break out of this triangle it can hit .20 which is nice. On the macro though a move out of this triangle would likely pull it out of a larger wedge it has been forming and should be the start of it's move to .57!
Nearly 300%... Those are real gains right there.
DYOR on the coin though.
Coinmarketcap shows a market cap of 3B and is ranked #65. So relatively good market cap size and more established looking coin.
A trade set up is there. Used a real tight stop loss as a break below the triangle would not be good.
Let me know what you think!
BINANCE:DGBUSDT
Digibyte/Bitcoin big area of concernIt's becoming very clear that Digibyte is in fact one of the most undervalued cryptocurrencies in the market. Against the US Dollar it is looking good. Against Bitcoin there is an area of concern and big obstacle that DGB needs to overcome in order to reach new highs. This is area is the 300-315 Sat mark. As you can see historically, this line was once a support, which eventually failed and became a big line of resistance. Just recently, DGB failed to break this resistance and is going to attempt to break through once again.
From an elliot wave perspective, it looks like we are heading into the 5th wave of this cycle, which hopefully will be the one that breaks through. Don't be alarmed if we end up hitting an ABC correction after wards. But so far, this area of concern is going to be something to keep and eye on. Once we see DBG flip this resistance to a support, enter longs.
Digibyte about to have a key breakoutDGB is one of the older coins and has been lagging significantly. Definitely one linked with SC & DOGE which also did a full cycle vs BTC. Look very nice and healthy and in my opinion once it closes above 200 sats it could easily go much much higher. It has a pretty big fan base and I am surprised it hasn't pumped yet given that many coins that have similar 'prices' (100-300sats). Given that even DCR has spiked higher, DGB should start rallying soon or it might be a sign of weakness/