Databits Moving In WavesDatabits range trading continues and price seem to be stuck between $0.5 and $1 areas. The recent wave down found the support at 76.4% Fibonacci retracement level that is exactly $0.5, and that level was rejected cleanly.
While this support is holding it is likely that DTB/USD will produce a wave up, repeating the previous pattern. The resistance is seen at 38.2% Fibonacci retracement level, that is $1.14. It is a key resistance that should play an important role in further price development as the break above could send Databis to the new all-time high.
Daily break and close below the $0.5 support might send DTB down to the $0.35 support, thus extending the timeframe for the next wave up.
