Dgbusd
DGB CHANNEL FORMATIONDGB has managed to turn the 50 MA into a rising channel with clear touch points
MACD seems to agree with the incoming channel bottom
price has had some healthy consolidation and may soon be ready for a test of the channel top line, or mid line
is the cryptocurrency market ready for a true bull market?
DGB/USD- Where are the Bulls?DGB (Briefly) broke out from it's downtrend last week but since then it has continued to trace back towards original break pricing.
It now appears to be tightening up again as it nears the original break level so we may see some gains in the next couple of days.
The concern is that the trailing resistance only rests about 10% from support.
I'll be watching and looking for a potential fall through this upcoming support to a more favourable entry point but for those feeling brave it may be enticing to buy a break from this short term decline.
Thoughts and feedback welcomed.
Bingaz.
First ever chart. Digibyte seems Bullish I am brand new to this and never taken any classes on TA. Also, I hate math, but I love this coin so I am giving it a shot. I have watched enough youtube videos and followed enough "experts" on twitter to know that "lines don't matter". HA HA. I really like to watch this particular stochastic as an indicator. I have noticed that it is usually fairly smooth and easy to play. However, sometimes digi is so bullish that the stochastic can be going down and that is not reflected in price action. Grateful for advice. Watch that gnome guy on twitter. His charts are much better.
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/USD - Re-Entry Idea- Retesting Original BreakoutDGB currently retesting original resistance.
Yesterday the break played out as anticipated for double digit gains.
Possibly a good re-entry point at current level as we anticipate a bounce from previous resistance.
Tight SL in place.
Any thoughts or feedback welcomed.
Bingaz.
DGBUSD- "Waiting and Watching" Retest Support or Breakout?DGB remains in a structured Downtrend, (albeit a wide one) and if current support holds it should attempt a breakout in the coming hours or days.
Seen in the charts, besides a brief dip it remains within the triangle and the length of this consolidation should prove to build momentum into a move to the upside.
MACD and RSI may need to test lower support ranges before breakout so cautious entry advised.
I have lofty targets if the move plays out but lately DGB has been notorious for quick profit taking so structure your own profit markers accordingly and a tight SL is a must in the current environment.
If short term support fails, possible entry at bottom of channel should prove profitable.
Any feedback is appreciated.
Happy Trading!
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 (Strong Bullish Uptrend)DGB/BTC
-cross ultimate indicator signal Long priority
-a strong breakout above multiple local resistances
-very clear market change to an uptrend
-next upside target is 325s
-if immediate support at 181s will hold
-we might see another leg up
-currently, daily consolidation is on the way
DgbUsdt possible scenario and buying opportunity....Traders , after a 15% correction from our last top , we 're still sitting on a crucial fib level . A consolidation around this area could lead us to more than 50%move to the upside . I'm not familiar with the A-E waves but following our fibs and our curve , the result could be around the corner. Don't be fooled , a possible re-test of the 0.382fib at 0.02044 is a possibility. NO LEVERAGE is the best play on this pair .If this scenario is validated , TP around 0.034 .Trade safe .This is not a financial advise . Ben.
DGB Foreshadowing Upcoming Market Wide Moon MissionDGB broke out from looking like a dead project on the charts. I am re-familiarizing myself with the protocol and fundamentals seem strong on first impression. I fomo'd in a small position at .024, as a moon bag to forget about. Traders keep an eye on resistance at .027, a close above that on the weekly should equal a continuation of this run.
DGB 2024 TRACKINGthe next few years look like a great opportunity for Digibyte.
Looking at the track records of the previous cycle one can imagine the potential.
Leaving this chart here to see how the future plays out for DGB
Personally I am only committed to sell 10% of any remaining DGB at any given milestone that it reaches.
Never selling more than 10% of remaining positions means I have an infinite number of selling opportunities.
I hope you have a great strategy for your crypto, and I hope you put it to good use.
NOT FINANCIAL ADVICE