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Digibyte

DGB can go skyrokcet if the support will be savedHi friends hope you are well and welcome to the new update on Digibyte coin. As in my previous article we have seen that the price action of DGB was moving in a pennant and broke out resistance. As I told you that now the price action my retest the previous resistance of pennant as support and in case of successful re-test it can start the next rally. But the retesting has been failed and the price action is again entered in the pennant. The pattern has been changed to up channel: Previously the priceline of DigiByte was forming lower highs but recently it has made a higher high. Therefore now the pattern has been changed from pennant to up channel. And the price action is at the support of this channel. Now we can use the Bill William alligator indicator with the combination of this up channel. At this time the bill Williams alligator indicator has given sell signal as the smallest time period MA is moved down and biggest time period moving average is above all moving averages. But the priceline did not break down the support of the channel. Therefore we can ignore this sell signal but in case the priceline will break down the support and the William allegory indicator will be still giving sell signal then we can consider it as a stop loss and take exit from DGB by selling it. We can also observed that the stochastic indicator has given buying signals as the blue line has crossed up the red line from the oversold zone. Simple moving averages on daily chart: Now if we watch the different simple moving averages with the time period of 25, 50, 100 and 200 then price action has broken down the 25 and 50 simple moving averages and having strong support of 100 SMA. We have still the smallest time period moving above all then 50 then 100 and then 200 below all. This order of the moving averages is still giving strong bullish signals. Once the priceline of DGB will be able to move up from the support of 100 SMA. Then it can breakout the 50 and 25 simple moving averagess again and started the next rally to the upside. However, if the price line breaks down the 100 simple moving average support then it can reach at 200 simple moving average support that is at 0.00000142 btc at this time. Simple moving averages on long-term chart: Now if we switch to the long term weekly chart and place the same combination of the simple moving averages. Then the price action is facing strong resistance of 200 simple moving average since the first week of May 2020. And also having strong support of 100 simple moving average. From the downside the 50 and 25 simple moving averages are moving up to form bull cross with 100 simple moving average. Once these simple moving averages will be moved up then the price action will be able to break out the 200 simple moving average resistance as well. Conclusion: Even though we have a very good order of moving averages that is giving bullish signals and the different indicators are also giving the buying signals. But at this time the price action is at very critical support of an up channel. Therefore, if the price line of DGB breaks down the support then we should consider it as our stop loss strictly. Because on the other side the Bitcoin is turning more strong bullish and if the Bitcoin dominance will be increased then price action can break down this channel and start the rally to the downside.
by moon333
4
DigiByte (DGB) Going To Form Next Bull FlagHi, friends hope you are well in welcome to the new update on Digibyte coin. In my previous post, we have seen that the price line of DGB was moving in a pennant on the daily chart. Today we can see that the candlestick is breaking out the resistance of this pennant. Now we should wait for the candlestick to close above the resistance once we will have today's closing above the resistance then we will be confirmed that the resistance of this pennant has been broken out. The Bill William 3 lines have given buying signals: If we place the bill Williams 3 lines that are also called bill William alligator indicator on this daily chart. Then we have the smallest time period moving average that is moving average 5 above all then we have the moving average 8 and then 13 moving average is below all other moving averages that are considered as a buying signal. The priceline is bounced from SMA: Previously we have seen that the priceline was at the support of 25 simple moving average and even it was re-testing the 50 simple moving average support as well. Now the price line is bounced from these simple moving averages moreover, Now the smallest time period moving average is above all then we have the 50 simple moving average then 100 and then 200 simple moving average is below all other SMAs. And this order of the moving average is called in open alligator mouth by that simple moving averages that can produce a more powerful bullish move. Strong resistance of SMA: Now if you wish to the weekly chart then it can be observed that the price line is not able to cross up the 200 simple moving average. And this SMA has become a very strong resistance to the price action of DGB. However, the priceline of Digibyte also has the supports of 25, 50, and 100 simple moving averages as well. The 25 and 50 moving averages are moving upside to cross 100 SMA. And once this bull cross will be formed between these SMAs then we can expect the priceline will be able to break out from this resistance of 200 simple moving average as well. Conclusion: Even though the price line of Digibyte is at the strong resistance of 200 simple moving average on the weekly chart. But as on the smaller time period chart, the price action of the DGB is breaking out the pennant. Therefore we can expect that it will be a bull flag and the priceline will move more up to form the next bull flag. Therefore the priceline can also break out the 200 simple moving average resistance on the long-term weekly chart as well. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
by moon333
DigiByte Now Definitely BullishDigiByte (DGBBTC) is now on bullish flag printing strong consolidation... In preparation for its next move. Prices are sitting in-between MA200 and EMA100/200 while at the same time staying about EMA10. Above MA200 (black line) we go bullish and up. Below EMA100/200 (blue/brown lines) we go bearish and down. Even if the bearish scenario plays out we are likely to see a bounce after... So we remain bullish regardless of what happens. Remember to do your own research and build a plan before jumping into any trade. I am always wishing you great success... Sending you huge love and positive vibes for your support. Remain calm... If one opportunity goes, another one... hundred, will show up. Never worry if someone to you closes the door. When one door closes, a thousand more will open up. Namaste.
Long
by AlanSantana
16
✳️ DigiByte [DGB/BTC] on July 19 #DGB $DGB #DGBBTCDGB is having a lot of support at the current price zone and I think it has a big chance to rise and break long-term resistance in August. The nearest target is the 250-260sts zone and the next one is 340-350sts I think you can use some spare money to invest long-term in DGB for the target of 500sts and 600sts by the end of this year. However, if the price falls from 195-200s, you should consider selling half of the amount and waiting to buy back around 150sts.
DLong
by CryptoStation
DGBBTC a sleeping giant is waking upHey friends hope you are well and welcome to the new update on DigiByte. In my previous article, we have seen that the DGB was moving in a pennant and it was just reached at the resistance of this pattern and was likely to move down. Now if we watch on the live daily chart then price action has moved down and reached the support and being consolidated at this level. I have also placed the volume profile on the complete price action moving within this pennant. That is showing the trader's interest up to 0.00000236 btc. That is below the resistance but if you watch the moon phase indicator then the new full moon is a appeared at a very high altitude that is showing that the price action can reach up to that level. Therefore we have two different indications by two indicators. Bill William alligator indicator has given a sell signal: If we take a look at Bill William’s alligator indicator on the daily chart. Then the smallest time period moving average with the time period of 5 moved below all the moving averages and the biggest time period moving average with the time period of 13 has moved above all MAs. This is a sell signal but we cannot consider this signal as true unless the price action will not break down the support of the pennant that has been formed on the daily chart. The alligator mouth of SMAs is bullish: Now if we look at the different simple moving averages on the daily chart with the time period of 25, 50, 100, and 200. Then the price action is at the support of 25 simple moving average. And the smallest time period moving average is above all then we have the bigger one then 100 SMA and then biggest time period moving average that is 200 below all SMA's. So this is another opened alligator mouth formation by the simple moving averages that is a strong bullish signal. The SMAs on long term chart and pivot points: Now if we switch to the long-term weekly chart. Then it can be easily observed that the price action has strong resistance of 200 simple moving average and the support of 100 simple moving average. But if we watch below the 100 SMA then 25 and 50 simple moving averages are moving up to form a bull cross with 100 simple moving average. And this bull cross can lead the priceline to break out the 200 SMA. And we also have the new pivot point above the 200 simple moving average. Therefore there are strong chances that the price action will be moved up to this pivot point. Big bearish Shark formation: Now I would like to draw your attention towards it very big expected bearish Shark pattern that I posted last year. After entering in the potential reversal zone the priceline of DGB is geared up and so far it has produced more than 450% bullish rally. As per Fibonacci sequence of the bearish Shark I have defined the buying and sell targets as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc Even though the PRZ goes up to 0.00000001 btc but the priceline found strong support at 0.00000050 btc. Therefore the PRZ goes upto this level max. Conclusion: On the daily chart, the price action is at the end of the pennant and the pattern is getting squeezed. Therefore it is a decision-making time for the priceline of DGB to break down or break out this pattern. And the further upward move depends on breaking out from the pennant. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
DigiByte (DGB) Might Go Lower...I shared this same chart on the weekly timeframe mentioning that bullish action is still possible... Looking at the daily, I am getting the signals and feelings that DigiByte (DGBBTC) might go lower before doing more up. Of course, the chart is technically bullish with prices trading above EMA10... But we are seeing lower highs, low volume, and the MACD starting to curve. Patience is key I always say... Let's wait until we have a clear set up before we buy again for the next run. For the first run, we booked over 300%+. Namaste.
by AlanSantana
17
SparksterSignals Analysis Of DigibyteWe haven't covered DGBUSD yet. Why? Because DGB isn't good for trading? Not at all. The reason is that we are focusing on coins that we can integrate into the SparksterSignals platform at some point, based on user interest. Our integration with Binance Exchange means that we focus on coins that are available for trading on Binance. And Digibyte was recently added. The reason we're using HitBTC for the chart analysis is obviously because the coin is so new on Binance that there's no chart history there yet. News about DGB continues to get better and the fundamentals of the project currently looks strong. DGBUSD recently had an epic price recovery, moving above a horizontal level that now divides the chart into a clear top half and bottom half. This suggests a launching pad effect for the price and after some consolidation, on breaking out of the current triangle, we expect DGB can pull off a further 150% appreciation to reach it's previous ATH. The weekly chart does show downwards momentum via the MACD so we're not expecting an imminent breakout just yet, but DGB is certainly on our watch list. How about you?
HITBTC:DGBUSDLong
by Sparkster
2