Digibyte
DigiByte - Hypothetical WedgesSo far only the falling wedges has came to fruition
The broadening wedge can be established from previous price action within the falling wedge
Alike with the Rising Wedge
We can use these wedges to establish a TP in the short term - medium term.
Looks very stable at this price level
Entry is appropriate for medium term
EMA 50 x EMA 200 is ready to cross!1) After 117 days with EMA 50 below EMA 200, #DGB is ready to cross;
2) EMA 50 above EMA 200 turn $DGB to bullish;
3) RSI holding strong on 50+ level;
4) Neutral MACD;
Big movement coming!
Put your seat belt on
Digibyte the final chart & trade setup.I still remember back in 2017 when I was screaming all over DOGE & DigiByte are the leaders of a new generation, and yes I remember when I was mining DOGE in 2013 with short money to pay electricity while 8 rigs were heating up in the cold winter.
I always look for historical stuff, and #DigiByte for sure is one of my favs , and since I've seen #DOGE doing his thing in the last few days, I came to the conclusion that #DigiByte is next.
I do have the same feelings for #SC, you can find the setups I've posted, but #DigiByte is way above it.
That's why here you have the easiest chart and trading setup for this year.
If you find this helpful make sure you don't miss it.
Feel free to comment & follow for more ideas!
EMA 50 x EMA 200 almost crossing!EMA crossing will turn 4 hour chart to bullish mode (REVERSAL point).
We don't see EMA 50 above EMA 200 since October 2020 (110 days).
Digibyte holders have waited so long for this moment. :)
Enjoy
Digibyte (DGB) Trading SetupDigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).
A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.
DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.
What Makes DigiByte Unique?
DigiByte is a modification of Bitcoin which aims to diversify security, speed and capacity possibilities.
Digibyte is one of the top coins I'm watching for years, huge potential right here while we are at lows.
Simple trading plan with details posted on chart.
For details comment at any time!
Don't forget to follow and like if you find this helpful!
DGBBTC a big bullish setupStrong rejection line:
On the weekly chart, the Digibyte with US Dollar pair has found a strong rejection line. After the recent rejection the price action is breaking down the weekly 25 simple moving average and it can re-test the 50 SMA.
Harmonic BAT move:
On the 2-day chart, the price action of DGB is completing the final leg of the bullish BAT pattern. When the price action will enter in the potential reversal zone of this pattern, then it can also re-test the 50 SMA on the weekly chart.
EMAs and Shark move:
Now I would like to recall a big bullish Shark move that the price action of Digibyte has completed with Bitcoin pair. The price action is moving below the EMA 10 and 21. We need a bull cross between these two EMAs at least on the weekly chart for any big rally to the upside.
Ichimoku cloud:
The price action is moving below the Ichimoku cloud on the weekly chart, this cloud has turned bullish. Therefore if the price action will start bullish divergence from the potential reversal zone of Shark then it can also easily breakout the Ichimoku cloud.
Conclusion:
Even though the price action has entered a potential reversal zone of a big bullish reversal Shark pattern but we need a moving average cross over at least at the weekly chart for any big move to the upside.
DGBDigibyte is a solid Blockchain project standing out in this crypto space in 7 years.
it broke down on a Head and shoulder.
Think we are at bottom. Showing good rsi divergence
Think we heading for gains over 100% soon.
DGB/BTC Dont miss the pump, most Binance coins have pumped or are starting to move. Scanning coins that are still in a downtrend that potentially can give us some gains! DGB is super popular and CT raves about DGB and how great it is, nonetheless its dumping and I would not want to be holding this.
Looking for some bullish signs before I jump in a position
1) Find some support
2) Break downtrend market structure
3) Candlestick bullish variation
ect ect
Jumping in now you can still lose 50% of your BTC value, that aint happening. Especially in a bull run. Use stops, stack sats.
On the weekly using 4/9 EMA for a golden cross could be a good entry for a longer position but if you want to try to catch the bottom will need to use a LTF!
140 days downtrend breakoutDigibyte broke 140 days downtrend and now is fighting to break the strongest resistance, U$0,032.
We need more volume to break it.
The second resistance (U$0,037) isn't too dificult to break.
Daily candle closing above to U$0,034 will put Digibyte to mega bullish phase (best moment to entry).
Ps: If bitcoin corrects strongly, the price of altcoins will fall.
DGBBTC upto 87% profit possibility a headHi friends hope you are well and welcome to the new update on Digibyte (DGB).
On the daily chart, the price action of the DGB is completing the last leg of the bullish Butterfly pattern and soon it will be entered in the potential reversal zone.
Buying and sell ranges:
The buying zone starts from 1.27 to 1.618 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 1.618 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 87%, and the loss possibility is only 19.5%.
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.
DGBBTC forming bullish Shark | Upto 13.5% move expectedOn daily chart, the price action of Digibyte coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: 0.00000091 to 0.00000088 btc
Fibonacci projection or sell zone: 0.00000094 to 0.00000100 btc
Stop Loss:
The potential reversal zone area that is up to 0.00000088 btc can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 13.5% and as per the above-mentioned stop loss, the loss possibility is 3.2%.
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.
Another coin with good pump potential: DGBSo this coin here, Digibyte is not very well known but has an interesting chart.
It tends to have a solid bottom area with regards to BTC, and had really good pump potential in the past.
The new bottom area is higher than the last one before the 2017/18 rally, which is also a good sign.
I think this coin will see some excellent gains in the new altcoin rally.
DGBBTC formed Butterfly moveOn daily chart , the price action of DigiByte (DGB) has completed the final leg of Butterfly pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Butterfly pattern should be:
Potential reversal or buying zone: 0.00000103 to 0.00000100 btc
Fibonacci projection or sell zone: 0.00000105 to 0.00000110 btc
Note: Above idea is for educational purpose only.