Dgbshort
DGB/USDTI don't have much to say about DigiByte, just that it is following the tram of the moment and I am seeing a great trade opportunity.
Other information is in the graph.
Remember that the decision to follow this idea is yours, mine is at your own risk.
Good weekend
Analysis - DGB/BTCHello!
Let's talk about Digibyte.
In fact, this old altcoin is still alive. It is very interesting indeed. It looks more confident than most
similar coins although it correlates with the market. The main growth driver has been Bitcoin halving
in the past six months. DGB main mining is getting on the same algorithm as BTC, this is SHA256.
And since after the halving, the miners' income has decreased significantly, this algorithm's
alternative coins' demand to appear on the market. The DGB profitability is on average 10-15% higher
than on BTC during the last half of the year.
Everything looks pretty good on the chart, fixing above the 250 level is a good sign.
There is a high probability that the main next target will be the level around 370 sat. But on the way to
this goal there is also only the past resistance of 320 sat, the optionof retesting the support at 250 sat
from top to bottom is not excluded.
DigiByte technical Analysis: DGB Remarkable Recovery
DigiByte breakout boosted by a key partnership with PAC Global.
DigiByte wedge pattern breakout sends it above $0.025 resistance, but a retreat is underway.
The breakout from the dips encountered in September found the right boost following news that DigiByte was partnering with PAC Global Platforms. The partnership will see PAC Global’s Masternodes added to the robust DigiAssets platform. Not long ago, DigiByte announced the launch of a Ren Wrapped DGB, which gives the platform entry into the DeFi space.
DigiByte enjoys total support from its community, and the above developments have seen the crypto’s social mentions shoot up. Besides, the fundamentals seem to have been supported by a technical breakout, resulting in remarkable gains.
The 4-hour chart shows the formation of a descending wedge following a retreat from August highs at $0.0381. The downtrend was unstoppable until DGB/USD embraced support above $0.02 at the beginning of September. Consolidation swept in, leaving things pretty silent for the past two weeks.
Consequently, a breakout above the 50 Moving Average, in conjunction with the partnership news, gave DGB/USD a massive boost past the 100 MA. The bullish leg continued with the upward moment, with gains hitting levels slightly above $0.026.
In the meantime, a treat is underway, although the price is teetering at $0.0252. The Relative Strength Index (RSI) has been rejected at 70 (overbought region) as it changes course downwards, it shines a light on the increasing sellers’ grip.
Support above $0.025 will go a long way to save the bulls a trip back to $0.02. It is essential to realize that 50 SMA is still below the 100 SMA. In other words, selling influence is present, and if not tackled, it could push DGB/USD to the primary support ($0.02).
DigiByte Intraday Levels
Spot rate: $0.0252
Relative change: -0.0008
Percentage change: -2.7%
Trend: Short term bearish bias
Volatility: Expanding
A week behind a trailblazerMr Tate has been busy sitting at home like the rest of us, so the price of his stock goes up since he is dumping less.
Good for me =profit time
