Trend reversal1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - Excelent volume
3 - Neutral MACD
4 - Good RSI (holding above 50)
5 - We had a retest on the parallel channel (marked in green)
Support at +- 0.018
If Digibyte hold above the parallel channel and climb to 0.021+ , a great upward movement is expected (uptrend reversal)
DGB
INVERSE DGB FALLING TO .05in this inverse view of DGB it is clear that many support levels have been lost
the price could not hold on to the channel bottom or the support at .165
if it cannot get back above .165 the unfortunate next support is .05
we can only wait and see if it holds
crashing upwards
DGB/BTC 4h BittrexAfter 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 315 resistance or hodl.
(If green trend line breaks, look for the other scenarios in blue and red)
My charts are my own and for personal use.
This is in no way, shape or form financial advice.
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Thanks to all, good luck!