Digibyte - Current PostureA review of the posture of Digibyte, following the completion of three corrections, printing three successively higher-lows.
In terms of Elliott Wave analysis, there are two interpretations:
DGB has now completed a Wave 4 and commenced a Wave 5; or
DGB has completed a Wave 2 and just commenced a Wave 3.
Either case is bullish and is well supported by the MACD crossing bullish and the RSI sitting comfortably in neutral territory. Looking at the the Fibonacci projection of the correction on this standard scale chart and two targets present themselves:
$0.278 at the 1.618 resistance line
$0.336 at the 2.0 resistance line
Of course there are higher levels, but they will become exponentially less likely the longer DGB remains under $0.185.
What do you think? How high can DGB rally to complete this next impulse wave higher?
DGBUSDT
DGB/USDT SELL SIGNALThe market has been tricky the last couple of weeks, providing a relatively wide range trading for most cryptocurrency pairs. However, sooner rather than later the range trading will be over. The DGB price action is much weaker than most coins, thus it can be dumped further during the next week.
DGB below resistance#DGBUSDT
$DGB rejected from resistance zone, and it is trading below descending resistance, also it is still above a support zone that is between 0.618 and 0.786 fib of last swing high.
#DGB price needs to break out from descending resistance zone to start a new rally.
if price going to make a AB=CD pattern, the long term target can be $0.2, which is 250% increase from here.
DGB broke out strong resistance#DGBUSDT
$DGB broke out from strong resistance zone, and today is going to confirm it as support, good price to buy.
in my opinion #DGB will have increase at least 30% to touch $0.102
if price continue its uptrend and break out another resistance zone and close above $0.13, I think price can easily reach $0.2 (which is 160% from here)
DGB; WAITING FOR CONFIRMATION No idea about this project but chart looks good enough for me, price currently consolidating inside the FEB21 range and fighting against mid range, still needs to clearly close and consolidate above purple for confirmation, but once we get there that's a clear long for me to those objectives in chart. First one is the high range of feb, second one is the mid range from 2021 highs. Stop will be given once we get the reclaim, for now this should not close back below 0.06$ area.
LONG DGB/USDTThe market took a slight dump and currently bouncing back.
I am buying some DGB/USDT for possible trades.
10% to 20% jump expected.
Entry level: $0.06138 to $0.06281
Stop Loss: $0.05436
Targets:
$0.06541
$0.06947
$0.07315
Use minimum 5x leverage and set your SL.
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this trade.
DGBIt had a good support level in the range of 3 cents
It is currently resisting in the range of 6 to 7 cents, which corresponds to the level of 0.236 Fibonacci trend base (in weekly time)
Surely, after the completion of the Bitcoin pullback and the beginning of the upward trend of the market, this resistance will be broken with strength. (in short-term)
-The red Ichimoku cloud is broken and the green cloud is formed
-The first shopping area can be a good place to shop
-It has good goals for the short and medium term
DGBUSDT Can Go up to the Resistance Line
Welcome back Traders, Investors, and Community!
Hi Traders, DGBUSDT on H4 Is going up in the Bullish channel. It is expected to go up to the Resistance line
⬆️Buy now or Buy at 0.04731
⭕️SL @ 0.04057
✅TP1 @ 0.05655
✅TP2 @ 0.07519
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
DGB/USDTDGB is now at the daily support zone. This is a good setup with high risk reward ratio. The upside potential is high from here. The major resistance zone is $0.0495-$0.05 and we will see a good move if DGB break this level.
Buy Zone: $0.037 - $0.0385
Target: $0.042 - $0.0455 - $0.0495 - $0.0545 - $0.0597 - $0.0654 - $0.072 - $0.0785 - $0.0865 - $0.0943 - $0.104 - $0.115 - $0.123
$DGB/USDT 8h (Binance Futures) Descending trendline breakoutDigiByte has broken out bullish and volume is increasing, we expect it to keep going up!
Current Price= 0.07276
Buy Entry= 0.07260 - 0.06760
Take Profit= 0.09710 | 0.12790 | 0.18230
Stop Loss= 0.05657
Risk/Reward= 1:2 | 1:4.27 | 1:8.29
Expected Profit= +38.52% | +82.45% | +160.06%
Possible Loss= -19.30%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks