Digibyte Price Analysis. There's a lot going on in this chart here.
Bullish Case
Digibyte has closed above the 50 day moving average for 2 consecutive days and it was above average volume. The volume acts as a good confirmation that this was a meaningful move and as long as we can hold the 50 DMA, we should be in good shape. If anything this should act as support if the price gets in trouble. If anything, it should at least bounce the price. Digibyte has also been challenging and flirting with the 200 day moving average. A break above and especially if some decent volume accompanies it, is very bullish. The MACD had a nice cross at the lows on April 2nd. Usually this type of divergence, (being the price heading down but the MACD crossing up) is a good indicator that the trend may be due to reverse. The cherry on top is the beautiful saucer pattern that started forming on March 3rd and that was also a crazy price action day for DGB. We're sitting at the top of the saucer right now and this also can help propel the price higher if it breaks out.
All of this is a perfect storm for higher Digibyte prices if we can break out of this area.
Bearish Case
Well the overall breadth and crypto market in general still has a lot of work to do and some serious "technical healing" on the longer term charts. The RSI is heading into overbought territory on the daily chart and this could potentially "pump the brakes" to make the price stall at the 200 day moving average.
Other than that.... not a whole lot of a case to be made for the bears here.
Dgbusd
Potential Saucer Formation Breakout on the DGBUSD Chart!Nothing is certain.... However, DGBUSD forming a nice saucer like pattern on the daily chart. This started forming around mid March and is at the upper end of the saucer. A breakout here + it's meeting of the 50 day moving average is a critical point in this chart. A move higher and accompanied with some decent volume should make for a nice move to the upside. Failing here, which would be expected with the current bearish landscape of the crypto sector would be par for the course. Then again. Anything can happen. What do you think?
update with fib retracementHere is an update zoomed in with the fib retracement levels. I believe we have finished correction. what do you think?
Digibyte is a SHORT TERM BUYWe are buying DGBBTC around 300 (+/- 10%) Area. First Target 440, followed by 572
DGB on INV H&S can provide 100% returnHello Friends,
A lot of coins are breaking out, so play safe and cautiously.
Please note BITTREX:DGBBTC is forming INV H&S, me and my friend as discussing about lot of coins. Missed to update, XEL (30%) recently. So thought to post all the possible trades which can help you to choose your trades.
Please note, all my ideas posted here are my trades and trade safely with proper sl.
DGB is forming INV H&S, which can give 33% return in short-term and more than 100% return in Long-term. Well Long-term is 3-4 weeks here.
My trade would be Buy at 280 or below, Target : 560. Sl below the recent low.
Our recent trades results :
$DNT 0.00% : 200% Profit, Closed. Can buy on dips.
$XEM -2.66% Short-term trade - sl hit -5%
$XEM -2.66% Long-term trade - In Progress.
$SC -1.61% : Trade in Progress : 20%
$XCP : In progress
$XVG: 10% and Trade in Progress
And our Paid membership results:
$ICX : 100% and in progress
$Linda : 150% and trade in progress
$EOS : 50% and trade in progress
#NEBL, #ENJ, #TRX , #NEO - 20% up each approximately.
Keep booking profits. Exit your investment on 100% return and leave the profit to float on the coin.
All clear for DGB takeoff!Zooming out to the weekly, This paints a nice picture of where DGB stands. The long lines are strong support/resistance. The red aarow points to a green candle, which to me looks like a neutral doji. It may be sideways trading for a while, but patience wins this race. target is 35 cents first, probably a correction, and 1$ is likely EOY if this keeps up. We are testing the support here soon, so I'm cautious if things go sour. Lots of eyes will be on bitcoin this year, as many new buyers will probably be entering the space. If DGB lives up to its marketing promise then it will hopefully gain more traction than it is currently receiving.
Finally, just a look at the MACD. Most people usually look for crosses, but I like to look at the bars also to see potential changes in momentum, and it looks like those are going to start turning upwards soon. For a weekly chart that could be a VERY good thing. I just filled up my bags a little more this morning.
I have recently gained a heightened interest in DGB since I purchased some in an exchange on Coinomi, and the Tx was very rapid. That's not to say I turned over all my LTC bags, because LTC is king, but I'm keeping an eye on this one for sure.
Ok PS. this is probably a chart akin to another one I found on here. I'm not trying to copy, just add to recent things on the chart, and practice charting because I'm learning this all so, if I did "copy" your chart, just know that imitation is a sincere form of flattery XD
DGBUSD - Mom! The Meatloaf!What's up ladies and gents, let's take a quick look at DGBUSD on the 4hr charts.
We witnessed the Death Cross on the SMA50 & SMA200 back on January 20th and DGB took quite the beating. Fast forward to today and we're still in a downtrend. I am currently long of DGB and looking to pack the bags once we get the Golden Cross indication and the 50SMA crosses back over the 200SMA.
As I am writing this, we're seeing DGB testing Fib retracement on 0.028. If this support level doesn't hold, we'll see .021 looks like the next stop below. Keep watch and hit the thumbs up on the corner for us! More TA to come.
Cheers!
DGB/Dollar Prediction to AugustThis is my first ever chart, I have set up elliot waves with fibonacci ratios.
Technical Analysis:
Degree of trend: Intermediate
I believe we are in the midst of a wave 3 with subwaves 1 & 2 complete.
Ending Diagonal Triangle in SUBwave 2 similar to wedge in wave 2 which is caused current wave 3 * Drawn (Orange A,B,C,D,E)*
Fundamentals:
Longest UTXO Decentralized blockchain in existence.
Most secure blockchain with 5 mining algorithms.
Fastest decentralized on chain transaction time @ 15 seconds. (560 TX per second)
Has the most full nodes online @ over 190,000.
Just recently hired PR Marketing firm.
First blockchain to use Segwit from GUI wallet.
DigiShield & DiguSign technology.
Mobile wallets (Android & iOS) + Exodus wallet almost ready to be released.
One click miner also close to being deployed.
Huge community with loyal following.
READY FOR MASS ADOPTION !
**I am personally expecting the gains to be more than I displayed on this chart, especially with how crypto's have been going. I am seeing that crypto's are really more favorable to wave 5 being the extended wave as opposed to the usual wave 3 (in things like commodities). But for this being my first ever chart and publishing it, I played it more conservative and stayed true to the ebb and flow of elliot waves & fibonacci. I am also going long with this coin, a true long term hold definitely into 2020) WISHING EVERYONE PROFITS !
TIP JARS:
BTC:
32mUo9cXTASM5C8wscKzwkvps3bvKiGjJ5
DGB:
DDMJeNRwDRpnTHn2rxfCYN1wn4anoBqEmT
LTC:
LVcKwbsATpBUjAW3dvnp7WBAdAuio1m3un
ETH:
0xAC6f867DdB1F2c26ffebdf16B6bd187d04fDd6B1
ETC:
0x37f55ef94AE2669f9E12A967805016012d2135bd
DigiByte (DGB) - 500%+ profit - Bullish - Elliot Wave (LONG)Hello Guys,
DigiByte is good for trading as well as Long. It is currently at 56th position in Coinmarketcap. As we can see in the chart, It had a huge growth around summer last year. It is more likely it would happen again and would grow beyond possibly.
We are currently sitting at the Elliot wave pattern 2. MACD, Histogram, RSI showing a positive signal (Bullish). 50,100,200 MA is a big support region.
Buy Zone: 0.00000440 - 0.00000550
Target 1 : 0.00000932
Target 2 : 0.00001450
Target 3 : 0.00002161
Target 4 : 0.00002722 (New ATH)
Stop Loss: 0.00000390
No need to worry. Whole crypto market is started to get in reversal. Buy and hold. Happy Trading!
Note: Don't forget to put stop loss.
Thanks!
DGB UP UPDGB following all the good alts is rising its neck signaling the end of the correction. a first target would be 430$
Wait for confirmation above the 260$ mark.
Salem
Marketing start 1 feb, help the community guys!www.reddit.com
This is a great coin for great people!
Buy the Dip #BTDEven if price breaks this support level, I will be buying more. I don't expect that, but, if that happens, I will expect weekly support to hold.
This is a winner.