Long

Digibyte (DGB/USD) long term forecast / 2200% potential!

Updated

We're about to finish the 4-wave of the elliott wave theory when we break trend and support (purple trendline) and enter the green accumulation zone preparing for the next wave up (wave 5). This means a 30% drop in price from where we are now in the short term.
Then I expect we're going to see another massive bullrun. Targets depending on the hype in the bullmarket, thats why we use targets to scale out and move our stops higher when we take off to protect our capital.

Accumulation zone
Between 0.02 usd and 0.015 usd

Long term targets

Target 1: last ATH - around 0.13 usd
Target 2: Ext fib levels 2.618 wave 1 & 1.618 wave 3 - around 0.21 usd
Target 3: Ext fib level 3.618 of wave 1 - around 0.29 usd
Target 4: Ext fib levels 4.23 of wave 1 & 2.618 of wave 3 - around 0.34 usd

I would like to hear your comments and thoughts.

** I used elliott wave theory. I know that the 4 wave can't bust the 1 wave but i've seen it all over in crypto and they still work out fine. No time predictions only targets. This is not financial advise just my own thoughts. **

Thank you

Note

Please be aware of two retrace options. I highlighted them here:

Digibyte DGB short term forecast | -30% to -75% drop

Another possibility is a quick breakout on upside before going down; don't let them fool you!

Trade active

DGB broke the purple trendline and is forming a hook to go lower in the accumulation zone.

Note

We're nearing the bottom of accumulation zone 1 (the green 0.618 level). Let's see if it holds.

Note

Short term forecast is updated. We're in the blue acc zone with a possible inverse H&S in the making.
Check:

HardFork_Cafe

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