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$DGB/BTC (Binance Spot) Falling wedge breakout
DGB / Bitcoin
Long
$DGB/BTC (Binance Spot) Falling wedge breakout
By TradingOn
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Updated
Jan 21, 2021
0
Jan 19, 2021
Digibyte broke out of that falling wedge with not much reaction yet, but I believe it will reverse very soon.
Current Price= 0.00000074
Buy Entry= 0.00000075 - 0.00000071
Take Profit= 0.00000083 | 0.00000094 | 0.00000106
Stop Loss= 0.00000063
Risk/Reward= 1:1 | 1:2.1 | 1:3.3
Expected Profit= +13.70% | +28.77% | +45.21%
Possible Loss= -13.70%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
Jan 21, 2021
Trade active
First entry filled and bounced
Looks like it was a good timing to catch Digibyte again, heading towards first target already!
Jan 28, 2021
Trade closed: target reached
TP1 reached with +13.70% (1x) and 1R
Slowly but surely, Digibyte is reversing the downtrend, still looking quite promising!
DGB
digibyte
Moving Averages
Support and Resistance
Wedge
TradingOn
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