Digibyte
Potential Long-Term Outlook for DigibyteLately I've been getting the impression that we may have to wait a bit longer to see massive, life-changing gains with Digibyte.
Fortunately, the good news is that longer only means another year. Up until recently, it looked as though DGB was in a position to peak around December 2021, or perhaps January 2022 for this market cycle. This could still certainly be true. However, based on how the DGB chart seems to be unfolding, I'm thinking an equally likely outcome would be a peak around the end of 2022. The silver lining is that this timeframe would allow Digibyte to see prices north of $10 per DGB.
Time will tell. Keep watching how the DGB chart prints over these coming months. As of now I've got my eye on this angle as a potential fractal clue..
A lack of patience at this point could lead to the penalizing difference of selling/taking profits at 10 cents vs. 10 dollars.
As always, zoom out.
(not financial advice ;)
DGB/USD Update 4HIf btc keeps falling I'm expecting a fall down to the circled area. There are a few supports that could trigger the bounce, but hoping I can at least catch a wick on the yellow dotted horizontal line or close to it, probably around an intersection of supports. I'll just watch and see what it does. It looks like we just confirmed a resistance and about to have a bearish cross on MACD as well as 55/200 EMA
Planning to buy around $0.037 - 0.004 range if looking like a bounce.
Linked below are past DGB ideas as well as the most recent BTC update
Disclaimer: I am not a professional, just sharing my trade ideas. Trade at your own risk.
$DGB/USDT 8h (Binance Futures) Descending trendline breakoutDigiByte has broken out bullish and volume is increasing, we expect it to keep going up!
Current Price= 0.07276
Buy Entry= 0.07260 - 0.06760
Take Profit= 0.09710 | 0.12790 | 0.18230
Stop Loss= 0.05657
Risk/Reward= 1:2 | 1:4.27 | 1:8.29
Expected Profit= +38.52% | +82.45% | +160.06%
Possible Loss= -19.30%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
DigiByte (DGB) formed big Shark for upto 380% big moveHi, dear patrons, hope you are well and welcome to the new update on DigiByte (DGB).
On the 4-day chart, the price action of DGB has completed the formation of the Shark pattern. There is also 50 simple moving average support in the buying zone.
Buying and sell targets for Shark move:
Buy between: $0.0624 to $0.0315
Sell between: $0.09 to $0.1520
Stop loss:
The maximum extent of the potential reversal zone at 1.13 Fib level can be used as stop-loss which is $0.0315.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 380%, and a high loss possibility up to 50%, therefore to minimize the loss factor we can use the 50 SMA as support.
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.
Holds and buy the dipDigibyte get setback and delay lately from continuing upwards after the Bitcoin had the recent correction of 20% down. Digibyte has the potential of growing up 100% up to 0.19- 0.20 in the near short term. As we see we have Digibyte fall from the 0.15 area to 0.10 now touching the major support line of 0.097 but did not cross it. Also we have the trend is going into a falling wedge witch near the end now.
Falling wedge is a Bullish pattern, so I expect the breakouts should happen at some point soon. in the event of DGB fall again, the next major support line is 0.0823. This could happen if the Bitcoin continue falling.
So what we are looking for now is DGB to get out of the falling wedge and also the descending wedge right after.
Good luck!
Please trade at your own risk.