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Dgbusd

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
DShort
by CoinGape
3
DGB Update. 1 Year Later and some nice fat returns. Neutral/BullDGB Analysis Amazing how far we’ve come over the last year. The world is throwing something new at us everyday, crypto took a nasty nose dive in Q1 of 2020 but has rebounded better than expected as we make our may into the new bull market. Lets take a look at how our DGB trade is doing. When we last touched on this we were laddering in heavy under a penny and had nearly 40 weeks to accumulate under those prices. However a better measuring stick for DGB is the BTC pairing where we were laddering in under 100 sats all the way dow to just under 60 sats. Removing the crazy flash crash which only happened on Bittrex exchange, we saw a beautiful rounded bottom play out. A bullish divergence play out as the RSI coiled up within an ascending triangle before a massive breakout in April of 2020. Lets now fast forward to the present and see whats going on with DGBBTC. Our sat levels have been steadily climbing to higher highs and retesting support and liquidity levels previously broken. Almost perfectly in sync we see a weekly pattern of green, red, green, red and so on. It’s crucial to maintain support above the 248-250 sat levels and keep closing at higher levels. We’re roughly 2-3 weeks away from having the 200wEMA cross bullishly with the wEMA ribbon which is a very bullish signal. This is certainly the longest bullish consolidation DGB has ever had. Typically we see massive spikes followed by deep corrections. Prior to this run DGB had averaged price spikes of around 4.8 weeks with more than 50% of those weeks being 4 weeks or less. This current run has lasted an incredible 20 weeks, twice as long as DGB’s prior best of 10 weeks during the 2017 run. Heikin Ashi remains bullish and signaling a pretty significant uptrend and we’ve seen no lower shadow on the previous 2 weekly candles. 278 will be our first line of defense to stay above. Closing below could signal a short term reversal possibly down to that 248-250 range. The orange line is a potential route for the 200wEMA as it continues its bullish cross of the wEMA ribbon. Long term: I will remain bullish until I see closes under the key 250 sat level. If you’re looking for an entry and If that level remains solid support, add on strength. Upside targets would be 367, 517, 637, 849 and then ATH sat levels. Im currently neutral to bullish on my position as this is a long term hold from me and I’ve already increased my overall portfolio by roughly 5X. -Rob D Swinging Crypto
by SwingingCrypto
6
DGB DigiByte Bonfire Gann from squareI know this is an unusual way to Gann but after finding square using Bonfire, I found a starting point that and intersections that align with certainty with each other. I will post a pic below. These lines are trends to follow or break and should be used as confluence. Often vertical lines drawn from intersections provide minor and major pivots. Long term I'm bullish but awaiting to see how DGB walks along these important Gann lines in collaboration with other indicators and will adjust my position accordingly.
BITTREX:DGBUSDLong
by CaptBlackBeard