DigiByteLong
Awaiting a possible DGBUSD buy setup
1H, 2H, 4H
Price action is showing that there is a very strong support at 0.088 - 0.090 USD area. This area also matches perfectly with 61.8% FIB retracement from the last bullish price movement from 0.05 - 0.15 USD.
If you look at a daily chart you can also see that there is a strong support at 0.10 USD.
A slight obstacle on the way up could be the area marked with the red rectangle at around 0.105 USD. Once the price settles above that level, the momentum should kick in.
We need to see a confirmation of the price action before buying. A good confirmation would be a pin bar, engulfing bar or any reversal candlestick pattern.
The first profit target is the ATH ( all-time high ) at 0.15098417.
The second profit target is 0.20 USD.
This setup will be valid as long as the price doesn't close below 0.08417574 level.
As always do your own research.
Price action is showing that there is a very strong support at 0.088 - 0.090 USD area. This area also matches perfectly with 61.8% FIB retracement from the last bullish price movement from 0.05 - 0.15 USD.
If you look at a daily chart you can also see that there is a strong support at 0.10 USD.
A slight obstacle on the way up could be the area marked with the red rectangle at around 0.105 USD. Once the price settles above that level, the momentum should kick in.
We need to see a confirmation of the price action before buying. A good confirmation would be a pin bar, engulfing bar or any reversal candlestick pattern.
The first profit target is the ATH ( all-time high ) at 0.15098417.
The second profit target is 0.20 USD.
This setup will be valid as long as the price doesn't close below 0.08417574 level.
As always do your own research.
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