DigiByte (DGB) Bull signalDigiByte has retraced to the golden pocket (0.618-0.65 fib level) and is no consolidating at the 0.5 fib level between the 100 and 200 EMA.
As soon as DGB flips the 100EMA to support the bull run will resume.
Now is the time to load your bags. Keep stops in place in case Bitcoin dumps and takes the market with it.
Digibyte
Digibyte with BTC pair formed Cypher for upto 72% profit rallyHi, dear friends, hope you are well, and welcome to the new update on Digibyte coin.
On the daily time frame chart, the priceline of DGB with Bitcoin pair has completed the formation of bullish Cypher pattern and after hitting the spike in the buying zone it has moved up but I am expecting that it will give us another opportunity to catch it from this potential reversal zone level. There are also 50 and 100 simple moving averages supports in the potential reversal zone.
This trade has a big profit possibility of 72%, and the loss possibility is 17%.
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.
Sideway accumulation zoneSideway accumulation is being done;
MACD is going to neutral (confirming accumulation zone/ healthy correction);
Stoch RSI is ready to go;
RSI is holding 22 days above 50;
Digibyte is holding 22 days above EMA 50;
The chart remains bullish.
I'm seeing 2 scenarios:
1) Accumulation for 2~4 days + uptrend breakout or
2) Another bear trap touching EMA 50 and skyrocketing fast (14 Feb scenario).
Target: U$0,10
Sideway accumulation zoneSideway accumulation is being done;
MACD is going to neutral (confirming accumulation zone/ healthy correction);
Stoch RSI is ready to go;
RSI is holding 22 days above 50;
Digibyte is holding 22 days above EMA 50;
The chart remains bullish.
I'm seeing 2 scenarios:
1) Accumulation for 2~4 days + uptrend breakout or
2) Another bear trap touching EMA 50 and skyrocketing fast (14 Feb scenario).
Target: U$0,10
Digibyte accumulation zone1) Digibyte still in buy zone (140-150 sats) - Good accumulation;
2) Bullish RSI (holding above +-45);
3) MACD almost crossing;
4) Digibyte will have a strong movement at any time.
Target: 200 sats
Ps: PARABOLIC advance still intact in DGB USDT chart!
Flag BREAKOUT!1) Bullish flag breakout;
1) Bullish trend;
2) Bullish RSI;
3) Bullish MACD;
4) Bullish EMA 50/200;
I'm 100% LONG in Digibyte!
Target: 200 sats / U$0,10
10 Cents TomorrowIf this step-ladder fractal keeps playing out we should see 10 cents no later than tomorrow.
Remember, after 14 cents, we enter price discovery mode!
Stay tuned
(not financial advice ;)-<
Digibyte: New All-Time-Highs Soon?If BTC keeps steadily moving up, this is roughly what we can expect out of Digibyte.
Obviously, btc has a mind of its own, so if this parabola breaks - it's likely due to a btc correction.
I was not expecting to see DGB reach all-time-highs this quickly, but it looks like the time has come.
After almost 4 years of sideways consolidation, Digibyte is ready to run.
(not financial advice ;)-<
Digibyte can reach 380 sats (3rd wave)Past DGB movements:
First wave: 110 to 175 sats ✅
Second wave (correction): 175 to 147sats - Perfect fibo 0.382 retraction ✅
Now, it's time to the third wave.
The 3rd wave is always bigger than the 1st wave (2x / 3x bigger).
If Digibyte breaks 175 sats, the 3rd wave is confirmed.
Target 1: 250 sats (1.618 fibo)
Target 2: 310 sats (2.618 fibo)
Target 3: 380 sats (3.618 fibo)
We are waiting the breakout!
DGB FOMOI would have liked to see this fomo much later in the bull run, and perhaps there will be another moment where fomo impacts the DGB charts.
The switch on the MACD line (right after a buy signal went up) has only happened once since this run up began.
Typically, it's 3-days up, 1-day down.
I think the reason for this is Fomo. DGB popped hard last night around 3am. When people woke up this morning and saw that DGB was up 20%, they jumped in and drove the price up substantially – to the point where we saw DGB in the number #1 spot (up 34%) on Coinbase today. This was not the way DGB was rising — slow and steady.
We want slow and steady, not pump & dumps.
Having said that, I think tonights MACD crossover into red candles are an outlier (correction from the FOMO buys this morning), and not in alignment with the trend we've seen recently.
In my opinion, DGB continues to rise over the next three days, until we get a sell signal. :)
I am not a financial advisor. These charts and posts are for my own personal documentation purposes only. Do your own research before investing into crypto.
Healthy CorrectionIt's time to healthy correction (bullish continuation pattern).
BUY ZONE:
I expect a good support at 150 sats (0.382 fibo), before trend continue the long run (first entry).
But, we could see 140~150sats range (second entry).
Don't miss the Digibyte long run!
Digibyte: Get Ready for All-Time-HighsVolume traders know what's coming for Digibyte.
Digibyte hasn't seen (increasing) levels of volume like this since it was over 10 cents. Over $200 million 24hr volume for DGB, which is a lot .
New all-time-highs are coming soon for Digibyte, sooner than most might expect. This parabolic run isn't over yet.
Keep your eye on rsi for signs of imminent price action to the upside.
(as usual, not financial advice;)-<
Digibyte 1h Buy OpportunityDigibyte is holding 9 days above EMA 50 (green line).
What is mean? Every EMA 50 touch is one buy opportunity.
The price is holding strong and DGB is getting a boost to reach higher levels.
The next target is around 200 sats.
Big movement VERY SOON!
Cheers