DGB/BTC (Mid-Term)As DIGIBYTE is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
DGB
Dgb finally finds it’s bottom?My first crypto coin I ever bought was $dgb.
And therefore I still like to track it.
It seems there is finally some good news for DGB holders on the chart:
- the price found support on the price levels of before the enormous price peak.
- the last correction wave pattern seems to be in it’s last part, or even has ended already.
From here there seems upward potential; with the remark that if prices DO break below the support it will be a race to get out asap.
Can DGB do another 90% drop? VERY possible. We are riding too close to this support level, and if we crash through it there's nothing to hold it up anymore. That is a HUGE gap to fill.
I am not predicting this will happen, but for all you hodlers out there, DGB has not done anything this year except drop in USD and BTC. Now that everything is dropping it could tank even more, so buyers beware. This is still risky IMO.
Now there's also a chance we completely blow out of the water on this one since it still hasn't shown us any action this year. I still worry though, look at that nonexistent volume over the last many months. Up to you to decide.
Is DGB fueling for a massive explosion in 2020Longer fractal patterns on DGB could supply the fuel required to take it to extremely high levels.
DGB accumulation rangeDGB/ BTC pair is in the accumulation range. Currently, it is at the wave C of the ABC correction. Based on the retracement length of wave A, the wave C can go as low as 68 satoshi, and in best case scenario, support can be found around 80 satoshi.
Long bids in the area of 68-80 satoshi, with a stop loss right below
Good luck!
$DGB @ a critical pointWe haven't seen these prices since December 2017 and looks like a big area of support
if broken than we are going to 0.00000023BTC, Looking at where the price in relation to the Linear Regression is it is looking likely But only if this area of support is broken.
Ill be waiting and watching for my next move on this one.
DGB TESTING 200 MAback for a test at the 200 MA
the markets offering traders many opportunities in a long drawn out test of the trend change
Bullish divergences in DGBMostly presented without comment. DGB had MASSIVE gains last time the charts were oversold like this on the larger timeframes. There's slight bullish divergence that looks like it did before reaching 13 cents. Is this too good to be true?! I mean, alts are eventually going to have to catch up, and DGB could be the perfect put since it has a LOT of room to fly (presuming it's not dead). Lots of other coins could be reaching short term limits being overbought already. This may convince me again of DGB. But still, it would probably be a shorter hodl than my LTC and BTC bags.
DGBBTC a bearish shark move | Upto 780% or more profitThe price action has formed a bearish shark from X to C leg.
Now the priceline has entered in potential reversal zone and we have pivot 1st support withing this PRZ area which will push the up to hit the sell targets soon insha Allah.
Volume profile is also showing very poor interest of traders in this area.
The targets are:
Buy between: 0.00000168 to 0.00000001
Sell targets:
Secure sell targets:
Sell between: 0.00000338 to 0.00000694
Aggressive targets:
Sell between: 0.00000808 to 0.00000969
DGB 350 MAa break of the 350 MA would ultimately confirm the bull run for DGB
head and shoulders pattern in the process of completing just under the 350 MA
DGB UPWARD SLOPING REVERSE HEAD AND SHOULDERSa powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
DGB TRIGGEREDdigibyte experiencing large volume inflow
expecting this to break up through a reverse H&S pattern
could be visiting the the old highs in the coming days
not trading advice
#DGB : Upto 300% Profits Opportunity In The Mid Term. #Accumulation_Recomendation
Pair : #DGB / #BTC
Platform : #Binance
RSI : 49
Volume : A good amount of volume circulating on the 1D chart.
**Note : #DGB was on a downward trend for such a longer time and tried to make a reversal move on Mid May which was once again rejected and goes down to the lowest points. For now it showed a very good bullish candle stick formation and seems to be breaking the falling resistance line depicted by red line. If it can continue to and close above the red resistance line it will be a confirmation for a reversal upward trend and a beginning of an elliott waves creation. MACD seems to be returning to be bullish and RSI is already in a bullish state. Further EMA is looking bullish too in favor of the bulls for now.
Current Accumulation Area : 150 sats - 165 sats
Distribution Targets
Short Term :
Target 1 : 177 sats
Target 2 : 195 sats
Target 3 : 210 sats
Target 4 : 238 sats
Target 5 : 251 sats
Target 6 : 273 sats
Mid Term :
Target 7 : 308 sats
Target 8 : 421 sats+
Stop Loss : 124 sats
Risk : High
Capital Allocation : 5%
DGBUSD Possible inverse head and shoulder pattern.If the bottom of the shoulder line can hold price we can be headed on the way up to making an inverse H&S pattern.
A break out from the top would complete the pattern and a strong run up could begin.
DGB PERSPECTIVE ON CURRENT SITUATIONafter many tests of the channel tops and bottoms
and a few failed breakouts/breakdowns
DGB is testing life outside the channel
with 50 DMA moving above down slope limits
DGB SIGNALING PATTERN CHANGEDGB price is signalling a return to higher trading range with 50 MA pushing through down slope limit