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Digibyteusd

Digibyte: Did You Buy It?Believe it or not this is where DGB is going. Unfortunately, long-term data as it relates to USD is absent from Tradingview due to the poloniex delisting. However, with a bit of due diligence you can find the missing data from other sources. My guess is that if long-term data for this coin was currently circulating this site, the price of DGB would be already much higher at this juncture. Also, you can basically ignore the timeframe here, as I had to make some adjustments just to paint a long-term picture here. A simple fib-extension from $0.0002 back in March 2017, up to DGB's all-time-high @ $.14 (in 2018), mapped back to DGB's bottom of $0.0026 (in March 2020) will give you this chart. Digibyte has so much room to run. This is just the beginning. I'll map out some future price points below as it relates to market cap. Marketcap -------------- Price $1.3 billion -------->> $0.093 $2 billion -------->>> $0.14 $3 billion -------->>> $0.21 $5 billion -------->>> $0.36 $10 billion -------->>> $0.72 $14 billion -------->>> $1.00 (As usual, this is not financial advice ;)
Long
by Ascetic_Rising
3
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.
Long
by moon333
1
DigiByte (DGB) Another Bullish SetupHey friends hope you are well and welcome the new update on Digibyte coin. The price action of DGB formed a bullish Crab pattern and started a bullish move from the potential reversal zone of this Crab: In my previous article we have already seen that on monthly chart the priceline of Digibyte cion is also moving in a handle of a Cup & Handle pattern. If the priceline start more powerful bullish move from here then after breaking out the handle the price action may try to break the resistance of the Cup at 0.00000318 btc. Currently on daily chart the priceline of DGB is at the support of an up channel. The 200 simple moving average is also moving up aggressively to provide the support to candlesticks. The Directional movement indicator is showing bullish signals as the DI+ is above the DI-. In meanwhile at the support of the channel the price action of Digibyte also has completed bullish harmonic move and entered in potential reversal zone. This move can be seen on two-day chart. The pattern is formed in US Dollar market and the Bitcoin market as well. Below are the patterns. Harmonic move in US Dollar market: The priceline of Digibyte ( DGB ) has formed bullish Gartley on the 2-day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: $0.02476 to $0.02276 Fibonacci projection or sell zone: $0.02634 to $0.03023 Harmonic move in Bitcoin market: The priceline of Digibyte ( DGB ) has formed bullish Gartley on the 2-day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: 0.00000231 to 0.00000214 btc Fibonacci projection or sell zone: 0.00000244 to 0.00000277 btc Conclusion: The priceline has very good support of up channel and the 200 simple moving average as well. The completion of bullish Gartley at these supports strengthens the expectations of bullish momentum soon. However we should use the potential reversal zone of the bullish Gartley move because if this PRZ level will be broken down then the priceline may move more down for the completion of bullish Butterfly.
Long
by moon333
DigiByte technical Analysis: DGB Remarkable Recovery DigiByte breakout boosted by a key partnership with PAC Global. DigiByte wedge pattern breakout sends it above $0.025 resistance, but a retreat is underway. The breakout from the dips encountered in September found the right boost following news that DigiByte was partnering with PAC Global Platforms. The partnership will see PAC Global’s Masternodes added to the robust DigiAssets platform. Not long ago, DigiByte announced the launch of a Ren Wrapped DGB, which gives the platform entry into the DeFi space. DigiByte enjoys total support from its community, and the above developments have seen the crypto’s social mentions shoot up. Besides, the fundamentals seem to have been supported by a technical breakout, resulting in remarkable gains. The 4-hour chart shows the formation of a descending wedge following a retreat from August highs at $0.0381. The downtrend was unstoppable until DGB/USD embraced support above $0.02 at the beginning of September. Consolidation swept in, leaving things pretty silent for the past two weeks. Consequently, a breakout above the 50 Moving Average, in conjunction with the partnership news, gave DGB/USD a massive boost past the 100 MA. The bullish leg continued with the upward moment, with gains hitting levels slightly above $0.026. In the meantime, a treat is underway, although the price is teetering at $0.0252. The Relative Strength Index (RSI) has been rejected at 70 (overbought region) as it changes course downwards, it shines a light on the increasing sellers’ grip. Support above $0.025 will go a long way to save the bulls a trip back to $0.02. It is essential to realize that 50 SMA is still below the 100 SMA. In other words, selling influence is present, and if not tackled, it could push DGB/USD to the primary support ($0.02). DigiByte Intraday Levels Spot rate: $0.0252 Relative change: -0.0008 Percentage change: -2.7% Trend: Short term bearish bias Volatility: Expanding
DShort
by CoinGape
3
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
DGB to moon - is this the real altseasonWhat is up everyone! What we are witnessing here is a beautiful price compression with lower highs and higher low - often referred to as a pennant. For me, I like the word triangle better, but that's just me. As you can see, the chart highlights the entry, stop and take profit levels, all derived from the geometry of the pattern. Also, don't forget that DGBBTC has recently been listed on Binance ;) Take care, Vlad The Crypto Trader If you're new to this
Long
by Be_Independent_Tribe