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Dgbusd

Digibyte - A Bullish TrendHello and thank you for checking out my charts. Although most of my money is invested in the larger market cap. cryptos I do own quite a few other smaller market cap. cryptos also. One of the small cap. cryptos that I am very bullish on is Digibyte. In my opinion, it has been one of the strongest cryptocurrencies as of late, it has shown strength even when many other cryptos were falling, including Bitcoin. I like the price chart which shows that DGB has been in a consolidating trading channel for about six months. To be honest I have no idea how long DGB will continue to trade in the channel, at this point I really don't care as I consider my position in DGB to be a very long-term position (years). I have been adding and will continue to add to my position especially on any pullbacks, ultimately I am looking at a minimum position size of 50,000 to 100,000 depending on future purchase prices. In my opinion, DGB looks even better when compared to Bitcoin (see chart below), DGB is forming an upward sloping symmetrical triangle and has just pushed above what I see as a pretty strong resistance zone that extends from around .00000500 up to .00000600.
BITTREX:DGBUSDLong
by Bigsky_Crypto
5
DigiByte Rejecting Support - What Next?Recently DigiByte found the support at 88.6% Fibonacci retracement. It has been trading there for 4 consecutive days, and although it tried to break below, daily close always stayed above that level. At the same time DGB/USD reached the bottom of the descending channel and for the past 4 days price has been steadily moving up. Now DigiByte is approaching the 88.6% Fib resistance, that corresponds to the upper trendline of the descending channel as well as 50 Moving Average.  So, the $0.027 could be the key resistance level that could help to determine further price direction. Break above should result in the uptrend continuation, although the corrective move down first is likely. But on the other hand if resistance is rejected, DGB cold move down towards $0.02 support to form a double bottom and potentially even lower.
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by CryptoPAMM
DigiByte Key Support/ResistanceOn the 6th of November, DigiByte did hit the low at $0.022, where it rejected the 88.6% Fibonacci retracement level. Since then price price went down again, producing spikes below the previous low. However no clear break and close below has been established by DGB. The interesting fact is that DGB/USD is once again tested this level yesterday, and it has been rejected cleanly. Nevertheless, there is also a resistance established at $0.032, where the downtrend trendline has been rejected. If the support will hold and price will break and close above the $0.038, the change in trend could take place, where DigiGyte could produce a new all-time high. The very strong resistance is seen at $0.185 area, confirmed by the two Fibonacci retracement levels. On the downside, it seem that break and close below $0.016 could invalidate the potential reversal and the downside pressure would become much more obvious.
BITTREX:DGBUSDLong
by CryptoPAMM
What is going on with Digibyte?I have an open trade on digibyte.Digibyte pulled some expected moves not negatively but postively.But I want to know why.What's going on. In this idea were going to talk about what may have caused digibyte to lit very greenly is this a sign of a new rally.Why did my other idea on digibyte didn't go as expected. I was analyzing the weekly chart of digibyte ,I have encounterd something interesting. What if the we are in the middle of a rally that started in march and now it's finishing the last touches. That would explain a lot In this picture you see the elloit 5 waves The first wave was very short so that's why wave 5 was extended that explains why digibyte was lit very greenly and do you remember that drop from 500 sats to around 310 sats I do. Do know what caused it? The correction of wave 2 to was short and retraced not a lot. It when from 283 sats to 250 sats and compared to the drop from (wave 4) 500 sats to 310 region. Next time remember when a correction is over very fast and the rally resume you know there is a deep retrace coming.If we resume and this rate 700 sats doesn't sound strange in the ears.Let's see and wait Taking profits on the way never hurst(mostly) I will keep you update daily
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by Sir_DURZO
9
A short term DGB analysisWhat a great day it has been. We're not out of the woods yet IMO. But things are looking swell. I see confluence with resistance levels that we recently broke through (green line, intersecting with fib level.) A close above that would be somewhat bullish if you ask me, as we re-enter the rising wedge shape. I don't foresee much consolidation given the bull volume on the last few candles that we have seen. But it will consolidate, as we are overbought on the 4h. However, I as a holder I like to zoom out to the daily and weekly preferably, where I can still see much more room for upside before consolidating. Also, I follow DGBAT on twitter. One of their members made a comment that led me to believe native wallets will be enabled on Abra's mobile app, which would be killer! Link to tweet: twitter.com That is my opinion, speculation, whatever, but it sounds good whatever it is! DGB's voice is being heard.
DShort
by jbutler7
2
Thanks To Whoever Sold To Me at 300 Sats - 10% Gain Already.Volume on DGB was up today an brought us out of the low of about 300 sats - where I hope you all took a position. Its been a steep ride down for DGB and I personally have bought the whole way down preparing for the recovery. What we are seeing with DGB we are also seeing with BTC - a double bottom reversal that over the next few days will likely thrust DGB back up to higher levels. 420 sats by the end of the week is easily within our grasp. DGB is one of those coins that can post double digit percentage gains very quickly -weve seen a 10% swing today already. As we can see with the current reversal taking place - we are definately moving up in the short term. I expect we move into the 400s before we see a major change in momentum and another possible dip down before a permanent recovery. Shorting this currency is not for the faint of heart. I personally believe in the project and hope for the best - but as a trader I know the rhythm of DGB. As BTC recovers DGB will recover faster - paying back the temporary losses we've all taken - and rewarding those of us who continued to buy as rumors of doom and gloom abound. From a technical standpoint - there is evidence to support a DGB recovery - and lots of upside for stakeholders. If you've been trying to time the market for DGB - I'd buy now - we might never see these levels again.
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by rgeddes
1
Digibyte is almost ready for some Big Move.Hey, I am back with another technical analysis, this time looking at Digibyte. Okay, so I was just looking at almost every crypto and found this interessting due to this nice pennant that has occured. Pennants pretty as this one suggest some big move is about to happen, pennants are short term patterns up to 8 weeks which is exactly the lenght of this one. So what does Indicator says, will it be bearish or bullish move? Well, overall RSI is pretty high whole time even when Bitcoin was falling, notice how each time RSI is higher than 70 for a month, than it most times drops under 70. But about our situation DGB is looking good in demand, found support at 44 level, which is a good sign , lets see how this will evolve. Moving on the MACD, until today the sellers are dominant for 30 days, can this trend continue for so long ? Well it looks like the sellers are slowly losing their dominant position and buyers are coming back to the scene. MACD about to give buy signal, lets see how strong the impulse will be. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel! Hope I made your view on whats going on with Digibyte somewhat clearer. If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks ! If I see something worth to share on the chart I will surely do an Update.
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by TiborVrbovsky
10