DGBUSDT: Ready to break out?
DigiByte is about to break out of it's structure. If we confirm a breakout, the first target will be the previous high between $0.16 and $0.17. If we get a clear break of the $0.16 mark, next stop will be the 1.618 Fib levels around $0.20.
If we fail this time, I do not expect a break below $0.12 before trying again.
If we fail this time, I do not expect a break below $0.12 before trying again.
Trade active
Our first target was hit and even overshot to $0.184. Took some profit. We're battling the $0.16 level right now. Add-on zone between 14 and 15 cents, if this doesn't hit and we continue up, next profit taking at $0.20.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.