I hope I'm wrong - H&S on a 4hr $dbgI hope that I'm wrong, but it looks like we have head & shoulders forming on a 4hr $dgb. We've had some phenomenal support at 200sats, but unfortunately that looks to be over.
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
Does It Want To Slow Down? (DGB)Digibyte has been a fun one!! 😁💲💲💲💲
Got some green sitting around 2 cent range as it tries to hold its ground, not concerned yet.
Still holding onto this position.
I'll consider exit on 3 day movement.
DGB Buying opportunity before next big move!---This information is not a trading advice. It is for educational purposes only---
Buying opportunity before Big Pump. Long term targets 880ish, 2600ish, 4200ish.
Digibyte Next Move is going explosiveI have an idea about Digibyte. The 100 EMA is a possible buying zone which is highlight by Yellow Boxes. But keep in mind Stop Loss should be below the white line and just above 200 EMA on 4 HR timeframe.
Possibility of inverted head and shouldersIf that pattern forms, will be beautiful!
Target (if the pattern is completed): 330sats
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!
DGB ascending triangle formationDigibyte 1 hour chart:
DGB ascending triangle formation.
We will have a confirmation when we break the ascending triangle.
I expect a good movement in the next 12 hours.
Enjoy!
Possibility of inverted head and shouldersIf that pattern forms, will be beautiful!
But we have a good probability of breaking upwards before this formation happen.
Target (if the pattern is completed): 0.029
DGB Symmetrical Parallel ChannelMy view remain the same as past post.
Digibyte is doing the same moves from 27-30 April.
At this time, we see the second touch on the bottom line.
Strong support at bottom of parallel channel (buy zone).
In my opinion, nice place to entry!
Enjoy
Whats next for Digibyte? 3 scenarios:Digibyte broke out of the long term descending triangle (in black) retested the downwards resistance line and became bullish, now what?
3 scenarios:
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 circle and make it’s way up to 0.00000314 resistance which seems to have played a role since 2017.
RSI has room to the upside and could potentially support this move.
(Remember Digibyte made a massive move and might need a breather to let the 200MA catchup, make risky trades smaller)
In a more moderate scenario painted in blue, Digibyte might fall back to the blue support line at 0.00000160, which seem to have bin significant all the way back till 2015, and then bounce off it to continue it’s uptrend.
This move might meet with the 200MA on the 4h to form support for the uptrend.
The slow grind scenario would be the one painted in red.
If we lose the support of the green uptrend, as well as the blue age old support line and the 200MA we might bounce of the red uptrend line that originated from the capitulation within the black triangle and the retest of the black resistance line of the triangle.
Keep an eye on these areas and plan your trades wisely.
Make riskier trades a lot smaller, or don’t trade risky trades at all.
Remember these are my personal charts and not financial advice in any way shape or form.
You are responsible for your own actions.
If you like my content, support by thumbs up, subscribe, comment or share.
Always use stop loss and have a plan for each scenario and don’t forget about money management.
Thanks!
DGB forming a symmetrical Parallel ChannelDigibyte holded well in bottom of parallel channel, doing the same movement that I marked in red.
Buy zone: 200 - 215 sats
Target: 340 sats
Profit: 70%
MACD: ready to rise.
RSI: 40, ready to rise.
Stoch RSI: ready to rise.
Ascending triangle almost ready (1h chart)If we break up the triangle, the target is 275 sats.
In long term, the target still the same as I said in my previous post(340 sats).
DGBBTC huge rejection candleWe can see how big was rejection candle for the DGBBTC pair! Size of almost 15%!!! We can expect another huge move upwards.
DGB Move within 14 hours! Digibyte is in a huge descending triangle...
220 Satoshi provided support
If this is a contiunation of the bullish uptrend, Target is around 330 satoshi.
Bearish; support 180 and 130
Chainlink is in for more losses before returning to new ATHEven though this is the daily chart as we can see on the weekly Chainklink seems to be making a cup and handle formation. This being the daily chart my drawing shows the point of capitulation we need to arrive at in order to have an upwards trend moving forward. This could take a couple of weeks to accomplish. I am estimating the bottom to be somewhere around the upwards EMA of 36,000 SATS. I do believe LINK Coin has big things in store for it. There is suppose to be a big meeting happening this evening May 5th and TEZOS just said they are going to utilize LINK for their oracle needs. We can look forward to Chainlink staking in the future as well.
What About A New All-Time High For DigiByte?Here we have the long-term chart for DigiByte (DGBBTC) and we can notice up to 1800% of potential profits to All-Time High.
But what happens if a new All-Time High is hit on the next altcoins market bull run?
Just as trading pairs can hit new lows when the markets are bearish, they can also hit new highs when the markets are bullish.
I used the Fibonacci extension tool and with a few calculations, we can see ~2600% and up to ~4400% potential profits to a New All-Time High... The question remains, is this possible?
From a low of 6 satoshis in 2014, DigiByte (DGBBTC) grew by as much as 44,816% by May 2017... A new high might be possible and even easy to achieve.
Now, feel free to hit LIKE to show your support...
Namaste.
Previous chart
Apr. 22 | DigiByte Is Doing Great (540% or 1865%?)
Apr. 3 | DigiByte Breaks EMA100, Final Call (Trade Inside)
Mar. 31 | DigiByte PREMIUM Signal (DGBBTC-178%)
