Digibyte
I may get that dip afterallSeems like a bear flag which is typically followed by break to the downside. 64% chance of that. 36% chance we break up or trade ways. Stochastic really looks like up to me. Not really lining up. Learning at it's finest. Don't forget to check WGR Cryptoguy's chart!
DGB STRENGTH ON WEEKLY AVERAGESmany tests of the weekly moving averages to support the price at various milestones
is crypto winter finally over?
DGB looking strong among the pack
Digibyte 4h UpdateAs I said in my preview post, we have a strong RSI resistance at 60 level and other strong resistance at 220 sats (both were clearly marked on the chart).
If Digibyte breaks these two resistances, a big upward movement will be expected.
1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - Pennant formation
2 - MACD going up
3 - RSI fighting to break the resistance (+-60)
4 - Support at 190 sats.
If Digibyte climb above 225 sats (candle closing above 225 sats), a great upward movement is expected (uptrend reversal)
Update on digibyte.Best case is we break the pennant, but have outlined some possible re-entry zones on possible re-test of supports.
LEARNING
Digibyte 4h Chart1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - MACD going up
3 - RSI fighting to break the resistance (+-60)
3 - I believe that we can have a retest on the downtrend parallel channel (marked in green)
Support at +- 200 sats.
If Digibyte retest the parallel channel and climb above 220 sats, a great upward movement is expected (uptrend reversal)
Trend reversal1 - EMA 50 / 200 didn't cross (very bullish signal)
2 - Excelent volume
3 - Neutral MACD
4 - Good RSI (holding above 50)
5 - We had a retest on the parallel channel (marked in green)
Support at +- 0.018
If Digibyte hold above the parallel channel and climb to 0.021+ , a great upward movement is expected (uptrend reversal)
SHITPERP, Low cap altcoin perpetual futures, down the toiletInterestingly named perpetual future contract incubated by the bitmex related Alemeda research, tracks 50 low cap altcoins (aka shitcoins).
In a descending channel near channel resistance with bearish divergences and falling volume. Down it goes, don't mind the gas.
DGB WHERE ARE THE SELLERS?16 months of selling and then bang!
All wiped out in a single month
are they all gone?
DGB PURE SPECULATIONposting this as I am only interested in watching the price react to historic levels
most trading patterns tend to broken by the market
shapes are arbitrary
I trade horizontal lines only
not trading advice
DigiByteDGBBTC
I don’t know how many people are in this coin, but I want to warn that the situation may continue by breaking the support line of this triangle. Be careful
I see first stop at the green box
Best regards EXCAVO
INVERSE DGB FALLING TO .05in this inverse view of DGB it is clear that many support levels have been lost
the price could not hold on to the channel bottom or the support at .165
if it cannot get back above .165 the unfortunate next support is .05
we can only wait and see if it holds
crashing upwards
Does It Want To Slow Down? (DGB)Digibyte has been a fun one!! 😁💲💲💲💲
Got some green sitting around 2 cent range as it tries to hold its ground, not concerned yet.
Still holding onto this position.
I'll consider exit on 3 day movement.
Possibility of inverted head and shouldersIf that pattern forms, will be beautiful!
Target (if the pattern is completed): 330sats
DGB/BTC 4h BittrexAfter our successful last trade DGB is falling back to the green uptrend line.
If this holds we might be in for another leg up.
Buyzone is around the Blue and Green supportlines within the Yellow circle. (218 sats or lower)
Look for a reversal signal first!!
-Invalidated if: Green support breaks.
-Stop Loss: just under the support line.
-Take profit: 250 and 315 resistance or hodl.
(If green trend line breaks, look for the other scenarios in blue and red)
My charts are my own and for personal use.
This is in no way, shape or form financial advice.
If you like my content, please support with thumbs up, comment, subscribe or share.
Thanks to all, good luck!
DGB ascending triangle formationDigibyte 1 hour chart:
DGB ascending triangle formation.
We will have a confirmation when we break the ascending triangle.
I expect a good movement in the next 12 hours.
Enjoy!
Possibility of inverted head and shouldersIf that pattern forms, will be beautiful!
But we have a good probability of breaking upwards before this formation happen.
Target (if the pattern is completed): 0.029
DGB Symmetrical Parallel ChannelMy view remain the same as past post.
Digibyte is doing the same moves from 27-30 April.
At this time, we see the second touch on the bottom line.
Strong support at bottom of parallel channel (buy zone).
In my opinion, nice place to entry!
Enjoy
Whats next for Digibyte? 3 scenarios:Digibyte broke out of the long term descending triangle (in black) retested the downwards resistance line and became bullish, now what?
3 scenarios:
Green: Ultra Bullish.
Blue: medium bullish.
Red: A little bit bullish but later.
In the most bullish scenario painted in green, Digibyte will bounce of the green support line around 200 / 210 inside the green circle and make it’s way up to 0.00000314 resistance which seems to have played a role since 2017.
RSI has room to the upside and could potentially support this move.
(Remember Digibyte made a massive move and might need a breather to let the 200MA catchup, make risky trades smaller)
In a more moderate scenario painted in blue, Digibyte might fall back to the blue support line at 0.00000160, which seem to have bin significant all the way back till 2015, and then bounce off it to continue it’s uptrend.
This move might meet with the 200MA on the 4h to form support for the uptrend.
The slow grind scenario would be the one painted in red.
If we lose the support of the green uptrend, as well as the blue age old support line and the 200MA we might bounce of the red uptrend line that originated from the capitulation within the black triangle and the retest of the black resistance line of the triangle.
Keep an eye on these areas and plan your trades wisely.
Make riskier trades a lot smaller, or don’t trade risky trades at all.
Remember these are my personal charts and not financial advice in any way shape or form.
You are responsible for your own actions.
If you like my content, support by thumbs up, subscribe, comment or share.
Always use stop loss and have a plan for each scenario and don’t forget about money management.
Thanks!
$DGB bounce off Bollinger Band. Bull run continues!After days of pullback, Digibyte has found support, and bounced nicely off the middle Bollinger Band. Uptrend is expected to continue.
DGB forming a symmetrical Parallel ChannelDigibyte holded well in bottom of parallel channel, doing the same movement that I marked in red.
Buy zone: 200 - 215 sats
Target: 340 sats
Profit: 70%
MACD: ready to rise.
RSI: 40, ready to rise.
Stoch RSI: ready to rise.
Ascending triangle almost ready (1h chart)If we break up the triangle, the target is 275 sats.
In long term, the target still the same as I said in my previous post(340 sats).
