Awaiting a possible DGBUSD buy setup1H, 2H, 4H
Price action is showing that there is a very strong support at 0.088 - 0.090 USD area. This area also matches perfectly with 61.8% FIB retracement from the last bullish price movement from 0.05 - 0.15 USD.
If you look at a daily chart you can also see that there is a strong support at 0.10 USD.
A slight obstacle on the way up could be the area marked with the red rectangle at around 0.105 USD. Once the price settles above that level, the momentum should kick in.
We need to see a confirmation of the price action before buying. A good confirmation would be a pin bar, engulfing bar or any reversal candlestick pattern.
The first profit target is the ATH ( all-time high ) at 0.15098417.
The second profit target is 0.20 USD.
This setup will be valid as long as the price doesn't close below 0.08417574 level.
As always do your own research.
Dgbusd
DGBBTC Long Term 1000% PotentialWe signaled this at the bottom in November under 100 sats and got beautiful profits in a few weeks to the run towards 600 sats.
There is still large upside long term for this coin.
Trades like this are why I'm a bottom-up trader, I love overlooked coins that have been downtrending for a while, risk is low as selling pressure is nonexistent since a long term downtrend wiped out most sellers, only people left are determined HODLers, therefore it does not have much room to fall below accumulation zone.
I LOVE low risk high reward & you should too!
We have recommended other things like SNOV, ZCL, PHR, DRGN & more but cannot do so here since we cannot trade those pairs, but if you are interested in things like this & small / micro caps, feel free to subscribe to our newsletter below:
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Thank you so much for your support.
Digibyte start his second run, can be pretty big.Volume is there.
Digibyte is a great/solid project.
#DigiByte #blockchain than simply being 40x faster than #bitcoin with 5 independent mining algorithms for #Payments. Think #CyberSecurity #2FA #Notarization #AuditTrails #AI #DigitalAssets #Idenity #Messaging #IoT #SmartContracts
DGBBTC Downtrend BreakoutStay on the lookout for this
Low Risk:High Reward
Full Retracement Completed
DGB Reached previous support
DGBUSDThe Pair has broken out of the pattern with heavy volumes. Targets can be seen on the chart. If the previous trend continues, we could even reach to 0.17 USD. Stoploss should be 0.055 USD. Fundamentally also DGB is well placed. 40X Speed of BTC with very low transaction fees. It also has 5 different mining algorithms.
Digibyte - Looks Great on the Daily(Sign up for Binance in my signature below. Fees are 0.05% instead of 0.25% on Bittrex. Too bad DGB isn't listed there yet)
Another coin I know nothing about but a friend asked me to take a look at it and I love the price action on the daily.
Long term downtrend broken out. Daily giant red Kumo has been broken through, but price bounced off the 0.786 Fib at 630 sats and has since pulled back to retest Kumo resistance and Kijun at 365 sats.
Long Trade
Entry: ~470-485 Sats
Target: ~1050 Sats
STOP: 309 Sats
Risk-to-Reward: 4.0
DGB could do better than this when it breaks out, but in the meantime, it's good to have a conservative target that leads to excellent gains.
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DGB: Quick Short TradeUnlike most people. I like trading consolidation phase the most. It is more stable and targets are easier to manage. I see a good potential in digibyte. My original analysis of DGBBTC going to 410 sat is no long there. The structure has changed and it seems we are forming a side way bull flag for now. What are your thoughts?
Trade with care.