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Digibyte

DGB blasts above double bottom target; invh&s now in play.Digibyte reached the double bottom breakout target and then some with yesterday’s big green candle. Now that it has spent the current daily candle consolidating, it has already consolidated long enough to make it so there is currently a valid inverse head and shoulders pattern in play on the 4 hour chart. If it takes a few more daily candles of consolidation before the next leg up then that inverse head and shoulders pattern will probably also qualify as a daily chart pattern as well. Digibyte has room for lots of upside, and now that I’m realizing it is a US based cryptocurrency, if Trump truly were to exempt US cryptos from capital gains tax, then I think it is a high probability digibyte could see new all time highs this bull run, which would mean tremendous upside from here. Even if digiibyte were simply to just trigger the breakout of this currently developing inverse head and shoulders pattern though, the target for that would almost double digibyte’s current value. So yes tremendous upside potential here. *not financial advice*
CAPITALCOM:DGBUSD
by DrDovetail
Massive gains are coming to DGB over the next 3 years.Long-term investors of DGB are going to see life-changing gains over the next three years. The vast majority of crypto investors are infected with the 'instant-gratification' disease, which makes them uneasy if they don't turn a massive profit within minutes of buying any given crypto. But that's not how the world works (unless you're incredibly lucky). The long-term holders of DGB will see gains that the impatient short-term holders will only dream of seeing. Keep stacking and enjoy the ride!
CRYPTO:DGBUSDLong
by MetaShackle
6
DGB, this OLD coin is telling me to ACCUMULATE! Gut feel says soDGB, one of the oldest digital coin ever existed, is registering massive net buying this past few days. The + volume surge is warranted knowing that the coin is sitting at below 1.0 FIB LEVEL of support. To call this beyond discount/bargain is an understatement. Based on fundamentals and progressive project developments, this is one of the most undervalued coin ever existed. But that could change soon based on the recent price action lately. On monthly data, Histogram shift has been recorded after 6 months of waiting. On weekly, a downtrend line has been broken after waiting 15 months. This is a huge hint. A bubble up volume has appeared twice in a row these past 2 weeks conveying the anticipation of buyers in fundamental and technical growth. Volume past few days has surged +35% more than its average numbers. Expect some significant price valuation from the current price range. *HIGH CONFIDENCE on this one -- we may see a new ATH on this one in the next few seasons. Great Risk Reward ratio on this one. Spotted at 0.008900 TAYOR Safeguard capital always.
D
by JSAL
5
DigiByte (DGB)DigiByte is an open source blockchain and asset creation platform and the DGB token was mined as a fork of Bitcoin. DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions. Anyway, it is clear that DGB was in a descendig channel/trend. After DGB broke the major downtrend line, it came down to retest the lowest low two more times; thus creating a tripple bottom. Then, DGB broke the minor downtrend line and the upward phase started.
Long
by SaeedSalehinia
DGB hits white channels full brkout target; teal channel nextDigibyte finally breaks out of the white channel and then quickly hits the full breakout target. Now it is attempting to break above the teal channel and fiip its top trendline to support to trigger that breakout as well. Once it does, the breaout target is around 2 cents which from here would be about another 60% gains. Not sure how quickly digibyte will pull this off it could definitely consolidate for a few before it does so or it could continue. Current momentum and keep pumping. *not financial advice*
CRYPTO:DGBUSD
by DrDovetail
Digibyte: The True Gem of Decentralized CryptoUnveiling Digibyte: The Decentralized Powerhouse of Crypto In the dynamic world of cryptocurrencies, where innovation and decentralization are prized, Digibyte stands out as a beacon of true decentralization and utility. Established in 2013 by Jared Tate, Digibyte has weathered the storms of the crypto market, emerging as a robust and resilient digital currency. Decentralization at its Core At the heart of Digibyte lies its commitment to decentralization. Unlike many cryptocurrencies that claim decentralization but often fall short due to centralizing forces, Digibyte boasts a truly decentralized network. With five mining algorithms employed to secure its blockchain, Digibyte ensures a more equitable distribution of mining power, thwarting the dominance of any single entity. This multi-algorithm approach enhances security and resilience, making the network less susceptible to 51% attacks. A Rich History and Low Fees Having been in existence for nearly a decade, Digibyte has proven its longevity and stability in the volatile crypto landscape. One of its standout features is its UTXO (Unspent Transaction Output) model, which enables fast and low-cost transactions. With fees remaining minimal, Digibyte facilitates efficient peer-to-peer transactions, making it an attractive option for both everyday users and businesses alike. The True Value of Proof of Work (PoW) and Real Use Cases In an ecosystem often dominated by speculative fervor, Digibyte shines as a cryptocurrency grounded in real-world use cases. Its Proof of Work (PoW) consensus mechanism not only ensures network security but also incentivizes active participation from miners, further bolstering decentralization. Moreover, Digibyte's emphasis on real-world utility, with applications ranging from secure payments to decentralized applications (dApps), underscores its potential for long-term viability. Charting New Horizons: The Bullish Prospects Despite facing resistance at the 0.018 level, Digibyte's price trajectory suggests the formation of a potential bull pennant. As the coin consolidates sideways, investors keenly observe the uptrend channel, anticipating a breakout above historical resistance. Should the pennant indeed break upwards, signaling a major bullish run, Digibyte could see significant price appreciation. However, prudent investors may consider potential pullbacks within the old range for strategic re-entry points. Constant Development and Community Engagement One of the hallmarks of Digibyte's success lies in its vibrant community and dedicated development team. Active on platforms like Twitter, Digibyte developers consistently engage with the community, providing updates on ongoing developments and fostering a collaborative environment. This commitment to transparency and innovation bodes well for Digibyte's continued growth and adoption. Conclusion: Digibyte - A Hidden Gem in the Crypto Universe As the crypto landscape evolves, discerning investors seek assets that embody the principles of decentralization, utility, and long-term value. Digibyte, with its robust decentralized network, low fees, and real-world use cases, epitomizes the essence of a true cryptocurrency gem. While navigating market fluctuations, Digibyte stands poised to carve its niche as a reliable and resilient digital asset, offering investors a compelling addition to their portfolios.
Long
by UnknownUnicorn2319099
Digibyte Set to Retest Major Resistance: Bull Run Ahead?In the ever-evolving world of cryptocurrencies, Digibyte (DGB) is currently making waves as it approaches a critical juncture. The coin is now testing the major resistance zone of $0.013 - $0.014, showcasing signs of potential breakthrough. This development is crucial for Digibyte enthusiasts and investors alike as it sets the stage for a possible bull run. Testing the Waters Digibyte, known for its focus on security, decentralization, and blazing-fast transaction speeds, has been steadily gaining traction in the crypto sphere. However, its recent ascent towards the resistance level of $0.013 - $0.014 has caught the attention of many traders and analysts. This zone has historically proven to be a formidable barrier for Digibyte's price action. Yet, the current uptrend has shown signs of strength, with the coin attempting to carve out a new level of major support. This scenario sets the stage for a potential breakout retest, signaling an expansion of the range and reinforcing major support levels. Consolidation and Volume Surge As Digibyte consolidates around this critical resistance level, market sentiment is on the edge. The anticipation of a breakthrough is palpable, with traders closely monitoring price movements. If Digibyte manages to decisively breach this resistance zone and sustain its momentum, it could trigger a surge in volume. Increased volume often accompanies significant price movements in the crypto market. In the case of Digibyte, a breakout above the $0.013 - $0.014 range could attract a substantial influx of buyers, propelling the coin into a full-fledged bull run. Implications for Investors For investors eyeing Digibyte, the current scenario presents both opportunities and challenges. A successful breakout above the resistance zone could validate the bullish thesis, potentially unlocking further upside potential. However, failure to breach this level convincingly could result in a period of consolidation or even a temporary pullback. Nevertheless, the underlying fundamentals of Digibyte remain robust, backed by its unique features and strong community support. Whether the coin manages to overcome the current hurdle or faces a setback, its long-term prospects remain promising. Final Thoughts As Digibyte tests the major resistance level of $0.013 - $0.014 and seeks to establish a new level of major support, the crypto market is poised for a significant move. The outcome of this critical juncture will not only shape Digibyte's near-term price action but could also set the stage for a broader market trend. With the potential for a breakout retest and a surge in volume, Digibyte stands at a pivotal moment in its journey. For traders and investors, staying vigilant and closely monitoring price developments will be key to navigating this dynamic market environment.
Long
by UnknownUnicorn2319099
Digibyte Poised for a Breakout!In the dynamic realm of cryptocurrency trading, where patterns emerge and narratives shift, the Digibyte Bitcoin pair stands at an intriguing crossroads, poised for a potential breakout after six years of compression within a falling wedge. As Bitcoin continues its upward trajectory, accompanied by murmurs of a potential shift in market sentiment towards altcoins, the DGG/BTC chart paints a compelling picture of impending volatility and opportunity. Since the heady days of the major crypto alt bull run in 2017, the DGB/BTC pair has been ensconced within a six-year falling wedge, characterized by tightening price action and dwindling volatility. This protracted period of compression has seen Digibyte's price oscillate within the confines of this wedge, teasing traders with occasional breakouts and false starts. However, the current landscape hints at a potential paradigm shift, as Bitcoin's dominance wanes and attention turns towards alternative digital assets. Against this backdrop, the DGB/BTC chart reveals a remarkable convergence of factors, with the smaller wedge within the larger wedge exhibiting even tighter compression—a phenomenon that often precedes explosive price movements. Indeed, the DGB/BTC pair finds itself at a pivotal juncture, with two breakout points within the wedge offering tantalizing prospects for traders and investors alike. The sheer tightness of the compression signals an imminent release of pent-up energy, potentially heralding the start of a new bull cycle for Digibyte after years of consolidation. But what exactly is Digibyte, and why does it hold such promise amidst the crowded cryptocurrency landscape? At its core, Digibyte is a decentralized blockchain platform that boasts impressive scalability, security, and speed—attributes that position it as a formidable contender in the digital asset space. Unlike many other cryptocurrencies, Digibyte has eschewed the hype and hyperbole often associated with the industry, focusing instead on delivering tangible technological advancements and fostering a vibrant community of developers and enthusiasts. Its commitment to innovation and decentralization has earned it a loyal following and garnered recognition as one of the most promising projects in the cryptocurrency sphere. From its lightning-fast transaction speeds to its robust security features, Digibyte represents a compelling alternative to traditional payment systems and a beacon of possibility in the burgeoning world of decentralized finance. With its unwavering dedication to principles of transparency and decentralization, Digibyte embodies the ethos of the cryptocurrency movement and stands poised to make a significant impact in the years to come. As the DGB/BTC chart inches closer to a potential breakout, the stage is set for Digibyte to shine and realize its full potential. With favorable market conditions and a burgeoning ecosystem of supporters, the prospect of a new bull cycle beckons—a testament to the resilience and innovation of Digibyte and the broader cryptocurrency community. In conclusion, the Digibyte Bitcoin pair is on the cusp of a transformative moment, with years of compression and consolidation priming it for a breakout of seismic proportions. With Bitcoin dominance showing signs of rotation and market sentiment shifting towards altcoins, the stage is set for Digibyte to emerge as a beacon of innovation and possibility in the ever-evolving landscape of cryptocurrency. As traders and investors eagerly await the unfolding of this narrative, one thing is certain: the future of Digibyte has never looked brighter.
DLong
by UnknownUnicorn2319099
Exploring Digibyte: A Robust Cryptocurrency with a Rich HistoryIn the ever-expanding realm of cryptocurrencies, Digibyte stands out as a resilient and innovative player. Launched in 2014, Digibyte has established itself as one of the longest-running UTXO (Unspent Transaction Output) blockchains, renowned for its security, speed, and decentralized nature. Let's delve into what makes Digibyte unique and its potential for the future. What is Digibyte? Digibyte (DGB) is a decentralized blockchain and cryptocurrency that prioritizes security, scalability, and speed. It operates on a UTXO model similar to Bitcoin, where each transaction output can only be spent once, ensuring the integrity of the network. With a focus on both consumer and merchant adoption, Digibyte aims to facilitate fast and secure transactions for a wide range of use cases, from everyday purchases to enterprise solutions. Security and Speed: One of Digibyte's key selling points is its robust security features. Utilizing five mining algorithms (SHA256, Scrypt, Skein, Qubit, and Odocrypt), Digibyte boasts a highly secure network that is resistant to centralized control and 51% attacks. Additionally, its block time of just 15 seconds ensures swift transaction confirmations, making it suitable for real-world applications where speed is crucial. Supply and Mining: In terms of supply, Digibyte has a maximum cap of 21 billion DGB, with a gradual and predictable issuance rate. This ensures that the currency remains deflationary over time, with diminishing inflation as more coins are mined. Unlike Bitcoin, which relies solely on Proof of Work (PoW) mining, Digibyte employs a multi-algorithm approach, enhancing security and decentralization while minimizing the risk of monopolization by large mining pools. Comparison with Bitcoin: While Digibyte shares some similarities with Bitcoin, such as its UTXO model and Proof of Work consensus mechanism, it distinguishes itself through its emphasis on speed and scalability. With faster block times and a more adaptive mining algorithm, Digibyte offers a compelling alternative for users seeking a more efficient and versatile blockchain solution. Current Market Dynamics: At present, Digibyte finds itself at a critical juncture, testing a potential lifetime support level amidst favorable market conditions. With the price hovering around 1 cent per DGB, many investors view this as an opportune moment to dollar-cost average and accumulate for the long run. As cryptocurrency markets enter a new phase of growth and Bitcoin continues to soar, Digibyte's potential for upward momentum remains significant. Development Team: Behind Digibyte's success lies a dedicated team of professionals committed to advancing the project's goals. From developers and engineers to community managers and marketing specialists, the Digibyte ecosystem thrives on collaboration and innovation. Their collective efforts ensure that Digibyte remains at the forefront of blockchain technology, continually evolving to meet the needs of its users. In conclusion, Digibyte represents a compelling proposition in the world of cryptocurrencies, offering a secure, fast, and decentralized blockchain solution. As it navigates through current market dynamics and tests critical support levels, the future looks promising for Digibyte, driven by its strong fundamentals and dedicated community.
BITTREX:DGBUSDLong
by UnknownUnicorn2319099
DGB/UST will continue rising 💎DGB Today Analysis 💎It's charting an optimistic path, currently positioned within a demand zone and gearing up for a bullish ascent. 💎 Presently, EURONEXT:DGB firmly anchors itself at a confirmed OB level discerned in shorter time frames, hinting at a potential bullish trajectory from this point. 💎Reflecting on recent movements, we noticed a shift from demand to supply, propelling the price into a downward spiral. However, after securing buying liquidity, it seems #DigiByte primed to address the overhead bearish OB. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
DLong
by MyCryptoParadise_Simon
DigiByte (DGB) formed bullish Gartley for upto 106% massive moveHi dear friends, hope you are well and welcome to the new trade setup of DigiByte (DGB) with US Dollar pair. Previously we caught more than 27% pump of DGB as below : Now on a long-term weekly time frame, DGB has formed a bullish Gartely move for a massive bullish reversal move. Buy between: $0.00764 to $0.00600 Sell between: $0.00994 to $0.01237 Stop loss: Below $$0.00600 Possible profit ratio: As per above targets there is a profit possibility of 106% and a loss possibility is upto 22%, therefore, it is a high risk / high reward setup Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
1
TRADE OF THE DAY | Digibyte | DGB testing range | Potential 8.3%TRADE OF THE DAY | Digibyte | DGB testing range | Potential 8.3% DGB is showing quite a few nice bullish signals with a minor bullish divergence and break out of he RVI whilst still not being overbought just yet. Although be mindful that it is still sitting in the local range - although finally breaking the 20 Daily EMA is a big positive since it has been rejected consistently since the 20th April. There is a very comfortable stop-loss in place which if it hits then it is a likely that the trend will be heading down. Be aware at the moment though as it is incredibly turbulent and stop hunting conditions across the market in general.
DLong
by Kryptochristian
3
DGB!! Preparing for it's big entry!As we can see here this is the Monthly chart of Digibyte and we can see a distinct pattern. The MACD makes a cross up and during this time price action make goes up very fast and vast. I have the crosses marked with a circle and the bear market trading range marked with a rectangle shape. The real important information is not the move that historically has followed, it's the fact the that bottom was always behind this cross as well , so the risk is very low after this cross. We don't have this cross yet, but it looks to happen very soon. The buy is a confirmation of this cross on the monthly. We need to keep in mind that just because this cross will happen, doesn't mean prices will soar right away, it could, and most likely will take some time. Confirming the parabolic move up is the CM_Ultimate_MA. Right now is red but when it turns green and price action is above it, confirms the bullish moves ahead for months to come. Thank you WeAreSat0shi
BITTREX:DGBUSDLong
by WeAreSat0shi
10
✴️ DigiByte Higher Low Confirmed, Ready For 165%The trading pair vs Tether for DigiByte, DGBUSDT, is looking great as it continues moving within an ascending channel. We can see a higher low being confirmed yesterday vs mid-March. This is a short-term higher low. We have short-term and mid-term higher lows... Higher lows lead to higher highs! The initial target will be the resisstance that was hit in February around 0.1365. The next level to be hit, which is the higher high, should be around 0.2590+, setting the potential at 165% or more. Patience is key as usual and thanks a lot for your continued and amazing support. Namaste.
Long
by AlanSantana
6
✳️ DigiByte vs Bitcoin Ends Its CorrectionWe are looking at perfect timing... When Bitcoin grows, the section of the Cryptocurrency market that suffers the most are the ALTSBTC, Altcoins vs Bitcoin pairs. That is because all the energy is sucked out of these pairs to fuel Bitcoin's growth. And thus the correction ended in a lower low compared to May 2022; this is no big deal. A higher low is technically bullish/strong. A lower low, unless it goes down to a new Fib. level, works in the same way. DGBBTC hit a new low by 1 satoshi (31 sats April 2023 vs 32 sats May 2022) so we are technically speaking about a long-term double bottom. Once we hit bottom the only place left to go is up. This weekly session is closing as a reversal signal after a new low has been hit. This is good as it points at a reversal taking place next. Overall, the whole pattern is still a long-term consolidation phase. The moves taking place now are not relevant when it comes to the bigger picture. Check the DGBUSDT trade idea for additional information on DigiByte. Namaste.
Long
by AlanSantana