With Ren VM to Wrap DGB to RenDGB in Middle of Nov. Price UPREN VM will make public in the middle of November Ren wrapped DGB for RenDGB. So DGB HODLERS will be able to use their DGB to wrap into RenDGB. Then trade on Ethereum and ERC-20 tokens for DEFI staking. It is almost ready to go live over at renbridge. Where you simply connect MetaMask to Renbridge, then convert your DGB to RenDGB. Transfer to your Ethereum wallet and away you go! So should the price. I see the price going back up to 3 cents even and beyond. Depending on how much demand there will be to stake RenDGB on Ethereum chain and DEFI.
DGBUSD trade ideas
EW Analysis: DigiByte Can See A Deeper Corrective DeclineHello traders!
Today we will talk about crypocurrencies, specifically DigiByte (DGBUSD) and it's price action from Elliott Wave perspective.
Cryptocurrencies are turning to the downside together with stocks after that strong and impulsive rally from March lows. Why cryptocurrecies follow the stock market is because they are not generally in use yet and they are just speculative asset based on investors mood at the moment. So, if investors do not trust the stock market, then they will not trust the Crypto market neither.
Anyway, let's take a look on an interesting pattern that can be seen on the DigiByte. As you can see, DGBUSD has a completed five-wave cycle from March lows, mainly because we can see a clear triangle formation in wave "iv" with perfectly reaching target into wave "v". And we know that in EW thoery, after every five waves, a three-wave a-b-c pullback follows, so watch out for a deeper decline, because wave "c" is still missing, which can actually push the price even down to golden 61,8% Fibonacci retracement and 0.019 - 0.013 support zone before we may see a bullish continuation. If we consider that correction may last for about 71 days like it was previous triangle in wave "iv", then we can expect a support to be reached at the end of October, but this is still just an analysis, so time will tell!
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DGB DECISION ZONEthere is a bull/bear battle going on between .02 and .024
price has just met with the 200 ma and is now faced with declining trend resistance and .024 horizontal resistance
some healthy consolidation here
.02 has held up for a long time
it could be ready to move up
NFA
Digibyte Now is the Time to Buy ~ 18 Days Till US Election Day ~Now is the time to buy Digibyte if you already not in a position as there are only 18 more days until election day, here in the United States. Which I believe as we head closer and the week following November the 3rd the price will move upwards and then either stay sideways until the first of the year and then continue upwards. Either way, DGB is a great price for a great technology that will shoot up much higher in the years to come! #LongDGB #GetDigiWitIt
daily analyses of DGB/DOLLARHi friends
the daily chart of this market shows with a very high probability not an uptrend in the next few days I recommend you to keep in the portfolio and in addition to buy it again
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Breakout imminent....100% return targetEven though the brace for impact trade was a dud, because they @#%! out on the news release, i still like this coin. Im looking for a verticle triangle thrust to the upside. .048 ish short term target. Yes this is a descending triangle but they do break to the upside as well. Lets see how this unfolds. IMF meeting this week, could see some fireworks in the cryptos.
Digibyte Follows Bitcoin Graph Almost Exactly Looking at 7 Day No fear.... Cool to see Digibyte mask the Bitcoin graph for the 7 day period almost exactly. While this time of year its always a little sideways. I see continuing up and down to eventually the up at 3 cents. once steady at 3 cents, we can enjoy the ride up. Especially if the Ren DGB project gets onboarded anytime soon. can not find an answer how long that is going to take? Throw in a Coinbase listing for a little itty bitty lift, perhaps after the 1st of the year. hang in there. we can do this. just get Digi Wit It!!!
Huge Support!📈This point has been been used as support and rejection for some time I see this as being a very perfect place to be buying before we go to 5 cents. I see very short term bearish before we skyrocket. Social media metrics are looking great for Digibyte. Eyes open 👀
Best case scenario for the bullsIf you do not know about Digibyte do your research! Not financial advise but Digibyte awareness team just tweeted about going radio silent so I'm guessing they have something big brewing!
DGB/USD Gives Buy Signal DGB Digibyte is one of the few cryptos that we have scanned and see a Buy Signal given with our Oscillator crossing above the Zero LIne. The last time our Oscillator gave a Buy signal the price went from $.02 to .038 (90% return) in less than 2 months. On this move we expect to see a retest of $.038. We have a position and are adding on pullbacks.
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
The Official " Brace for Impact" tradeHi, as I write digibyte is up 20.48% today, well about 24 hours ago Rudy Bouwman, Secretary & Vice Chairman of the Digibyte foundation tweeted and retweeted some extremely intersting info about partnering with a top 10 global IT company. Please lookup the tweets yourself, " We discussed the next best steps to build that bridge to sell DigiByte applications and services to the world. Next week will be able to disclose more. Brace for impact."
Hmmmm... could this be the epic news we have been waiting for to break ATH??? Time will tell.
From a trading view we have a simple retest and backtest of breakout trendline...
Be on high alert for an epic spike in the coming days...
I'm targeting Sept 24th for profit taking...
Lets see how it unfolds...
Vonzey
Digibyte Ready To Begin New UpswingIf BTCUSD continues to rise, some alts will falter, some will thrive.
DGBUSD had a significant price correction and is now finding support. A break above the red horizontal will signify to bots and traders that a 60% rally could be on the cards for Digibyte.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
DigiByte UP me thinks...Looks to me like a combo of the long term trend and the interesting price action when the RSI hits the lower marker.
Digibyte Down, but Not Dead Yet! Digibyte may be down but it is not dead yet. As we always see a bear market this time of year. We continue this path a little sideways then right before the new year or even just after the new year, we go up and away! If anything, now is the time to load up and get the sale price. No reason to sell, #DGB will go higher, just have to have a lot of patience!
DGB BACK TEST SWEET SPOTmy favorite pull back is to the 18 week MA low (in black)
nice and simple
also it coincided with support at .02
nice and simple
a healthy pull back
expecting some more consolidation and then off to new highs
